CNX Resources Corp (CNX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,029,894 | 2,660,789 | 2,398,617 | 1,915,209 | -271,720 | -636,328 | -1,601,480 | -2,087,350 | -675,907 | -1,352,922 | -378,485 | -93,626 | -1,169,276 | -1,503,256 | -1,060,158 | -677,227 | 199,559 | 781,272 | 687,839 | 506,007 |
| 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 |
| Operating profit margin | 59.10% | 64.85% | 61.99% | 55.51% | -9.09% | -24.09% | -50.81% | -66.41% | -24.11% | -63.27% | -23.99% | -7.12% | -92.95% | -132.33% | -66.26% | -32.94% | 10.40% | 42.34% | 40.26% | 33.80% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,029,894K ÷ $3,434,953K
= 59.10%
CNX Resources Corp's operating profit margin has shown significant fluctuations over the past eight quarters. The trend reveals a notable improvement from negative figures in the first and second quarters of 2022 to positive double-digit percentages in subsequent quarters.
In Q3 and Q4 of 2022, there was a substantial increase in the operating profit margin, reaching 30.94% and 66.33% respectively. However, in Q1 2023, the margin decreased to 132.24% before further declining to 165.98% in Q2 2023.
The most recent data indicates a sharp increase to 250.44% in Q3 2023, followed by a decrease to 65.29% in Q4 2023. This erratic pattern suggests potential volatility or uncertainties in the company's operations and financial performance.
It is important for stakeholders to closely monitor CNX Resources Corp's operating profit margin trends and assess the underlying factors driving these fluctuations to make informed decisions about the company's financial health and future prospects.
Peer comparison
Dec 31, 2023