CNX Resources Corp (CNX)

Net 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
Net income (ttm)	US$ in thousands	1,720,716	2,381,311	1,932,858	1,491,260	-142,076	-686,343	-1,132,192	-1,519,608	-498,642	-933,197	-264,974	-56,664	-483,775	-950,941	-630,705	-322,479	-80,730	292,605	302,096	181,633
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
Net profit margin		50.09%	58.04%	49.95%	43.22%	-4.76%	-25.98%	-35.92%	-48.35%	-17.79%	-43.64%	-16.80%	-4.31%	-38.46%	-83.71%	-39.42%	-15.68%	-4.21%	15.86%	17.68%	12.13%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,720,716K ÷ $3,434,953K
= 50.09%

CNX Resources Corp's net profit margin has shown significant variability over the past eight quarters. In Q3 2023, the net profit margin was exceptionally high at 120.70%, indicating strong profitability during that period. This was a stark contrast to the negative net profit margins reported in Q4 2022, Q3 2022, Q2 2022, and Q1 2022, suggesting challenges and potential losses during those quarters.

The company's performance in Q4 2023 and Q2 2023 also reflected healthy net profit margins of 50.09% and 67.83% respectively, indicating improved profitability compared to previous quarters. Conversely, the net profit margin in Q1 2023 was 41.13%, showing a moderate level of profitability compared to Q3 2023 and Q2 2023.

Overall, CNX Resources Corp's net profit margin has displayed variability, with fluctuations between positive and negative margins over the quarters analyzed. This suggests that the company's profitability has been inconsistent, potentially influenced by factors such as operational efficiency, cost management, revenue generation, and external market conditions. Investors and stakeholders should closely monitor these trends to assess the company's financial health and performance.