GAS - CNX Resources Reports Q3 Sales Decline Misses Revenue Consensus | Benzinga
CNX Resources Corp (NYSE: CNX) reported third-quarter FY23 adjusted net sales decline of 25% year-over-year to $357 million, missing the consensus of $388.93 million.
Adjusted EPS was $0.35, above the consensus of $0.32.
Q3 operating margin was 27%, down from 34% in 3Q22. Cash operating margin stood at 56%, down from 62%.
Adjusted EBITDAX for the quarter totaled $228 million, down 30.1% Y/Y.
The average Sales Price for Natural Gas was $1.64, down from ...