CNX Resources Corp (CNX)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	-90,494	1,720,720	-142,077	-498,643	-483,775
Total stockholders’ equity	US$ in thousands	4,098,030	4,361,020	2,950,460	3,700,270	4,422,440
ROE		-2.21%	39.46%	-4.82%	-13.48%	-10.94%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-90,494K ÷ $4,098,030K
= -2.21%

To analyze CNX Resources Corp's return on equity (ROE) based on the provided data:

1. ROE decreased from -10.94% in December 31, 2020, to -13.48% in December 31, 2021. This indicates a decline in the company's ability to generate profit from shareholders' equity.

2. The negative ROE continued to worsen by dropping to -4.82% in December 31, 2022. This suggests further deterioration in the company's profitability relative to shareholders' equity.

3. However, a significant turnaround occurred in December 31, 2023, with a notable increase in ROE to 39.46%. This sharp improvement indicates a surge in profitability and efficiency in utilizing shareholders' equity.

4. Despite the positive trend in 2023, the ROE declined to -2.21% in December 31, 2024. This signals a reversal back to negative territory, although the magnitude of the decline is less severe than in previous years.

In summary, CNX Resources Corp's ROE has shown volatility over the years, ranging from negative values to a notable positive return in 2023. The company needs to sustain profitability and effectively utilize shareholders' equity to drive long-term value creation.