Re: Cobas AM: Nueva Gestora de Francisco García Paramés
CNX Resources EPS of $0.84
CNX Resources (NYSE: CNX): Q2 EPS of $0.84 may not be comparable to consensus of $0.14.
Revenue of $380.53M (+3.4% Y/Y) beats by $23.23M.
CNX Reports Second Quarter Results and Provides Updated 2019 and 2020 Guidance
July 30, 2019
PITTSBURGH, July 30, 2019 /PRNewswire/ -- 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 second quarter of 2019:
The company reported net income attributable to CNX shareholders of $162 million, or earnings of $0.84 per diluted share, compared to net income attributable to CNX shareholders of $42 million, or earnings of $0.19 per diluted share, in the second quarter of 2018. Included in the 2019 earnings was an unrealized gain on commodity derivative instruments of $211 million and a loss of $20 million due to a non-cash charge for additional stock-based compensation expense related to a change in control agreement of certain employees and CNX officers.
Included in the 2018 earnings was an unrealized gain on commodity derivative instruments of $9 million.
The company reported total production costs of $2.07 per Mcfe, including $0.89 per Mcfe of Depreciation, Depletion, and Amortization (DD&A), compared to $2.00 per Mcfe, including $0.91 per Mcfe of DD&A, in the year-earlier quarter.
On a consolidated basis, the company reported net income of $193 million for the 2019 second quarter, compared to net income of $61 million in the second quarter of 2018.
Capital expenditures were $329 million, compared to $264 million spent in the year-earlier quarter.
The company had total weighted-average diluted shares of common stock outstanding of 192,780,732 compared to 218,929,960 shares in the second quarter of 2018.
http://investors.cnx.com/tools/viewpdf.aspx?page={D439CDF4-EDC8-40C2-A4A1-1C8928C66D4E}
Mejoran el guidance para este año y el que viene (donde ademas había no dicho que reducirían mucho CAPEX), tienen un hedge del 86% de la producción del 2020. Es lo que les está haciendo seguir ganado dinero.