CNX Resources Turns To Profit In Q3

(RTTNews) - CNX Resources Corp. (CNX) reported third-quarter net income attributable to CNX shareholders of $125 million, or $0.59 per share, compared to a net loss of $26 million, or $0.11 per share, in the third quarter of 2017.

After adjusting for certain items, the company had adjusted net income attributable to CNX shareholders1 in the 2018 third quarter of $35 million, or $0.17 per share, compared to an adjusted net loss attributable to CNX shareholders of $41 million, or a negative $0.18 per share in the year-earlier quarter.

Consolidated Included 100% of the results of CNX, CNX Gathering LLC, and CNX Midstream Partners LP (CNXM) on a consolidated basis. The company reported net income of $147 million for the 2018 third quarter, compared to a net loss of $26 million in the third quarter of 2017.

Total revenue and other operating income grew to $397.13 million from $287.19 million last year.