CNX Resources Corp (CNX)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	-218,563	644,389	579,228	1,131,387	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
Total assets	US$ in thousands	8,511,900	8,538,050	8,602,950	8,656,640	8,626,660	8,492,640	8,531,860	8,340,140	8,515,770	8,633,130	8,695,890	8,223,520	8,100,750	8,228,150	8,072,110	8,069,240	8,041,760	8,129,170	8,319,680	8,528,950
Operating ROA		-2.57%	7.55%	6.73%	13.07%	23.53%	31.33%	28.11%	22.96%	-3.19%	-7.37%	-18.42%	-25.38%	-8.34%	-16.44%	-4.69%	-1.16%	-14.54%	-18.49%	-12.74%	-7.94%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-218,563K ÷ $8,511,900K
= -2.57%

CNX Resources Corp's operating return on assets (ROA) experienced a fluctuating trend over the analyzed periods. Starting with negative values in the range of -7.94% to -18.49% in the first three quarters of 2020, the company's performance showed signs of improvement with a less negative return in the subsequent quarters. However, the operating ROA remained negative ranging from -4.69% to -25.38% in the following quarters up to March 31, 2022.

A significant turnaround occurred in the first quarter of 2023, where the operating ROA turned positive at 22.96% and continued to show positive growth in the subsequent quarters, reaching as high as 31.33% by September 30, 2023. This positive trend continued into the year 2024, with operating ROA ranging between 6.73% and 13.07% for the first three quarters of the year.

However, there was a slight dip in the operating ROA to -2.57% by December 31, 2024, indicating a decrease in the profitability generated from the company's assets. Overall, the positive trend observed from the beginning of 2023 up to September 30, 2024, highlights an improvement in CNX Resources Corp's operating efficiency and asset utilization, although caution may be warranted due to the slight decline at the end of the analyzed period.