CNX Resources Corporation (CNX) has reported a decrease in its fourth-quarter earnings compared to the previous year.
The corporation's earnings were reported to be $537.83 million, or $2.89 per share, a significant decrease from the $1.17 billion, or $5.68 per share, that was reported in the same quarter of the previous year.
There was also a 39.1% decline in the company's quarterly revenue, which fell from $1.64 billion last year to $999.56 million this year.
To summarize, here's a quick glance at the key earnings of the CNX Resources Corporation according to GAAP:
- The fourth quarter's earnings were $537.83 million, compared to $1.17 billion during the same period last year.
- Earnings per share (EPS) for the fourth quarter were $2.89, down from $5.68 last year.
- Fourth quarter revenue totalled $999.56 million, a decrease from last year's $1.64 billion.
