CNX Resources Corp
0.0 %
35.84 %
Yet to be announced
Company Overview
CNX Resources Corporation acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines.
Revenue Sources
CNX Resources Corporation's primary business is natural gas exploration, production, and development. This core business activity involves extracting and selling natural gas, which is a permissible (halal) commodity. The company's revenue streams come from legitimate business operations involving real asset exchange and value creation through natural resource development.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $424.21m | $346.24m | - | $37.92m | 0.00% | 10.95% |
| June 30, 2024 | $321.44m | $338.18m | - | $38.63m | 0.00% | 11.42% |
| March 31, 2024 | $384.55m | $383.63m | - | $44.49m | 0.00% | 11.60% |
| Dec. 31, 2023 | $968.76m | $219.9m | - | $37.33m | 0.00% | 16.98% |
Based on the financial data from the last four quarters, CNX Resources has consistent interest expenses relative to its total expenses. The interest expense ratios were material, consistently exceeding our comfort thresholds across all quarters analyzed. This indicates that interest plays a significant role in the company's financial structure.
Operational Ethics
After reviewing available company documentation, SEC filings, and public records, there is no evidence of current material associations with entities involved in human rights violations, including the state of Israel or the Chinese Communist Party.
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