CNX Resources (CNX) Misses Q4 EPS by 19c, Revenues Beat
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CNX Reports Fourth Quarter and Full Year 2019 Results and Provides Updated 2020 Guidance
January 30, 2020 6:45 AM ESTPITTSBURGH, Jan. 30, 2020 /PRNewswire/ --Â CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") reports the following financial results, which are in accordance with generally accepted accounting principles (GAAP) in the U.S.:
During the fourth quarter of 2019:
The company reported a net loss attributable to CNX shareholders of $271 million, or a loss of $1.45 per diluted share, largely due to a $327 million non-cash impairment charge related to exploration and production properties and a $119 million non-cash impairment charge related to unproved properties and expirations, both of which were... More