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Truist Securities Upgrades CNX Resources to Hold, Maintains Price Target to $35
Truist Securities analyst Gabe Daoud upgrades CNX Resources (NYSE:CNX) from Sell to Hold and maintains the price target from $35 to $35.
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- benzinga
- Observed
- Jul 15, 2026, 11:51 AM
- Checked
- Jul 15, 2026, 11:51 AM
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- Captured once, then retained as an archive reference
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CNX Resources shares are trading lower after the company reported mixed Q2 financial results.
Read original at benzingaCNX Resources (CNX) Q2 2026 Earnings Call Transcript
CNX Resources lowered its 2026 guidance for adjusted EBITDAX and free cash flow, citing a softening near-term natural gas market outlook. However, the company projects approximately $90 million in annual carbon credit run rate starting in 2027 from 45Z tax credits and environmental attribute sales. Management maintains its capital allocation strategy with continued share repurchases despite near-term headwinds, while operational activity is expected to increase in Q3 with multiple well turn-in-lines.
Read original at the-motley-foolCNX Resources Q2 Adj. EPS $0.71 Beats $0.59 Estimate, Sales $435.000M Miss $476.420M Estimate
Read original at benzinga