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CNX Resources (CNX Resources) EBIT

: $2,366 Mil (TTM As of Dec. 2023)
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CNX Resources's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $676 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,366 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CNX Resources's annualized ROC % for the quarter that ended in Dec. 2023 was 3.40%. CNX Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 36.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CNX Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.51%.


CNX Resources EBIT Historical Data

The historical data trend for CNX Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CNX Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 211.06 -432.03 -485.36 -84.26 2,366.20

CNX Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,291.57 963.69 671.54 54.63 676.34

Competitive Comparison

For the Oil & Gas E&P subindustry, CNX Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CNX Resources EV-to-EBIT Distribution

For the Oil & Gas industry and Energy sector, CNX Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CNX Resources's EV-to-EBIT falls into.



CNX Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,366 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CNX Resources  (NYSE:CNX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CNX Resources's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=370.484 * ( 1 - 19.56% )/( (8827.502 + 8683.867)/ 2 )
=298.0173296/8755.6845
=3.40 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8492.637 - 355.561 - ( 8.653 - max(0, 991.018 - 300.592+8.653))
=8827.502

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

CNX Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2705.344/( ( (7461.562 + max(-332.188, 0)) + (7482.099 + max(-38.204, 0)) )/ 2 )
=2705.344/( ( 7461.562 + 7482.099 )/ 2 )
=2705.344/7471.8305
=36.21 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(75.854 + 20.007 + 180.577) - (355.561 + 15.676 + 237.389)
=-332.188

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(116.119 + 19.846 + 267.508) - (344 + 15.831 + 81.846)
=-38.204

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

CNX Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=2366.203/5988.544
=39.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CNX Resources EBIT Related Terms

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CNX Resources (CNX Resources) Business Description

Traded in Other Exchanges
Address
1000 Horizon Vue Drive, Canonsburg, PA, USA, 15317-6506
CNX Resources Corp is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.
Executives
Bernard Jr Lanigan director 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Navneet Behl officer: Chief Operating Officer 1000 HORIZON VUE DRIVE, CANONSBURG PA 15317
Robert Agbede director 1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Hayley Scott officer: Chief Risk Officer 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ravi Srivastava officer: Vice President, Green Ventures 1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Alexander John Reyes officer: EVP, GC & Corp. Sec. CNX CENTER, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Donald W. Rush officer: EVP & Chief Financial Officer 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Alan K Shepard officer: Vice President and CAO 1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA 15317
N J Deiuliis director, officer: President and CEO 1800 WASHINGTON RD., PITTSBURGH PA 15421-4000
Stephanie L Gill officer: SVP, GC and Secretary C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
Olayemi Akinkugbe officer: Chief Excellence Officer 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ian R Mcguire director PO BOX 1526, ROSS CA 94957
J. Palmer Clarkson director 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Chad A Griffith officer: VP Commercial & VP Marketing 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Andrea D. Passman officer: Sr VP Engineering & Operations 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317