CNX Resources posts $144.6 million Q4 2024 net loss on $283 million derivative loss
CNX Resources reported a fourth-quarter 2024 net loss of $144.6 million, or $0.97 per diluted share, compared with net income of $514.0 million, or $2.76 per diluted share, in the fourth quarter of 2023. The company's total revenue fell to $136.6 million from $968.8 million, mainly because of a $283.0 million loss on commodity derivative instruments, so shareholders face a sharp drop in reported earnings although the company also reported adjusted EBITDAX of $280 million.
Key points
- Q4 2024 net loss of $144.6 million, or $0.97 per diluted share, versus net income of $514.0 million, or $2.76 per diluted share, in Q4 2023
- Q4 2024 total revenue and other operating income of $136.6 million, versus $968.8 million in Q4 2023
- Q4 2024 adjusted EBITDAX of $280 million, versus $262 million in Q4 2023; full-year 2024 net loss of $90.5 million
- 2025 guidance for adjusted EBITDAX of $1,090 million to $1,130 million; Apex Energy acquisition closed January 27, 2025, with a $505 million purchase price
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.