CNX Resources Corp (CNX)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -90,494 | 568,115 | 523,956 | 1,017,172 | 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 |
| Total stockholders’ equity | US$ in thousands | 4,098,030 | 4,256,720 | 4,250,640 | 4,309,320 | 4,361,020 | 3,957,310 | 3,983,190 | 3,567,300 | 2,950,460 | 1,976,990 | 2,537,020 | 2,569,510 | 3,700,270 | 3,186,520 | 4,136,930 | 4,510,410 | 4,422,440 | 4,270,180 | 3,746,420 | 3,836,330 |
| ROE | -2.21% | 13.35% | 12.33% | 23.60% | 39.46% | 60.17% | 48.53% | 41.80% | -4.82% | -34.72% | -44.63% | -59.14% | -13.48% | -29.29% | -6.41% | -1.26% | -10.94% | -22.27% | -16.83% | -8.41% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-90,494K ÷ $4,098,030K
= -2.21%
Based on the data provided, CNX Resources Corp has shown a fluctuating trend in return on equity (ROE) over the given periods.
The company's ROE was negative for multiple quarters starting from March 31, 2020, indicating that the company was not generating sufficient profits from its shareholders' equity during that time. This negative trend continued until March 31, 2023, with significant ROE percentages below zero, reflecting potential financial challenges and inefficiencies in utilizing shareholders' equity.
However, starting from March 31, 2023, there was a notable turnaround in CNX Resources Corp's ROE, with a sharp increase in percentage to 41.80%. This positive trend continued into subsequent quarters, demonstrating a substantial improvement in the company's ability to generate profits relative to its shareholders' equity.
The increasing trend in ROE from March 31, 2023, to December 31, 2024, signifies that CNX Resources Corp became more efficient in utilizing its equity to generate profits, which could be attributed to improved financial performance, cost management, or strategic decisions.
Overall, CNX Resources Corp's return on equity experienced a significant improvement after a prolonged period of negativity, indicating a positive shift in the company's financial performance and efficiency in utilizing shareholders' equity for profit generation.
Peer comparison
Dec 31, 2024