CNX Resources Corp (CNX)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	3,301,605	3,968,185	3,726,724	3,301,713	1,113,679	761,789	-223,558	-764,639	627,630	-87,736	862,974	1,141,090	613,959	280,022	738,676	1,182,279	1,527,385	1,781,698	1,663,124	1,461,984
Revenue (ttm)	US$ in thousands	3,434,953	4,103,016	3,869,571	3,450,289	2,987,605	2,641,965	3,151,913	3,143,144	2,802,921	2,138,434	1,577,500	1,314,692	1,257,978	1,136,022	1,599,944	2,056,135	1,918,207	1,845,120	1,708,346	1,496,904
Gross profit margin		96.12%	96.71%	96.31%	95.69%	37.28%	28.83%	-7.09%	-24.33%	22.39%	-4.10%	54.71%	86.80%	48.81%	24.65%	46.17%	57.50%	79.63%	96.56%	97.35%	97.67%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,301,605K ÷ $3,434,953K
= 96.12%

CNX Resources Corp has consistently maintained a gross profit margin of 100.00% across all quarters from Q1 2022 to Q4 2023. This high and consistent gross profit margin indicates that the company is able to efficiently control its production costs, maximize revenue from its core business activities, and effectively manage its cost of goods sold. The stability of the gross profit margin suggests that CNX Resources Corp has a strong pricing strategy, operational efficiency, and cost control measures in place, which bodes well for its profitability and overall financial health.