CNX Resources Q2 Adj. Profit Declines

(RTTNews) - CNX Resources Corporation (CNX) reported second-quarter net profit of $474.9 million or $2.47 per share compared to $33.4 million or $0.15 per share, prior year. Adjusted net income declined to $57 million from $136 million, last year. Revenue increased to $839.7 million from $420.4 million, a year ago.

"We continue to believe that our shares are undervalued, and as a result, we are announcing an additional $1 billion share repurchase authorization, with no expiration, which reflects our confidence in the outlook for our business over time," Nick Deiuliis, president and CEO, said.

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