Filing Flows › CNX Resources (CNX) › Q1 2025
CNX Resources (CNX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
CNX Resources (CNX) reported revenue of $82.4M for the first quarter 2025 (Q1 2025), -79% from a year earlier and -40% from the quarter before. Operating margin was -331.1%, net loss $198M (240.0% of revenue).
CNX Resources, Q1 2025: revenue $82.4M (-79% year over year), operating margin -331.1%, net loss $198M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.4M | -40% | -79% |
| Operating profit | −$273M | — | — |
| Net earnings | −$198M | — | — |
| Operating cash flow | $216M | -20% | +17% |
| Free cash flow | $99.7M | — | — |
What changed
Revenue was $82.4M in Q1 2025, down 79% year over year and down 40% from the previous quarter.
Operating costs exceeded revenue by $272.8M, an operating margin of -331.1%. Total costs fell 6% while revenue fell 79%. The quarter ended with a net loss of $197.7M, wider than the previous quarter's $144.6M loss.
Operating cash flow was $215.7M (up 17% year over year). Non-cash charges added back $127.1M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $277.5M. After capital Expenditures, net ($115.0M) and investments in Equity Affiliates ($1.0M), free cash flow as the company reports it was $99.7M.
Questions
What was CNX Resources' revenue in the first quarter 2025?
CNX Resources (CNX) reported revenue of $82.4M for the first quarter 2025 (Q1 2025), -79% from a year earlier and -40% from the quarter before.
Was CNX Resources profitable in the first quarter 2025?
Operating loss was $273M (-331.1% of revenue) and net loss $198M.
Source: CNX Resources 10-Q on SEC EDGAR.