CNX Resources Corp (CNX)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-224,887	2,025,250	-275,849	-688,018	-1,181,410
Revenue	US$ in thousands	1,266,790	3,434,950	1,261,210	756,792	1,257,980
Operating profit margin		-17.75%	58.96%	-21.87%	-90.91%	-93.91%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $-224,887K ÷ $1,266,790K
= -17.75%

The operating profit margin of CNX Resources Corp has shown significant fluctuations over the years. In December 2020 and December 2021, the company reported negative operating profit margins of -93.91% and -90.91% respectively, indicating that the company's operating expenses exceeded its operating income during those periods.

However, there was a noticeable improvement in the company's performance in December 2022, with the operating profit margin improving to -21.87%. This suggests that CNX Resources Corp was able to better control its operating expenses relative to its operating income.

By December 2023, CNX Resources Corp experienced a substantial turnaround, achieving a positive operating profit margin of 58.96%. This significant improvement indicates that the company was able to generate more operating income relative to its operating expenses, reflecting strong operational performance.

Unfortunately, this positive trend did not continue into December 2024, as the company's operating profit margin declined to -17.75%. Despite the setback, it is important to consider the various factors that may have influenced these fluctuations, such as changes in commodity prices, operational efficiency, and cost management strategies.

Overall, the analysis of CNX Resources Corp's operating profit margin highlights the company's efforts to enhance operational efficiency and control costs, but also underscores the inherent volatility in the energy industry that can impact financial performance.