Slide 1: Q4 2024 Update
Q4 2024 Update January 30, 2025
Slide 2: Q4 2024 Highlights
Q4 2024 Highlights “The company had another quarter of consistent operational execution resulting in the 20th Q4 2024 RESULTS SNAPSHOT AND 2025E (1) consecutive quarter of free cash flow generation," commented Nick Deiuliis, president and CEO. “Utilizing this free cash flow, the company prioritized
Slide 3: CNX Has Generated ~$2.2 Billion in Free Cash Flow Since Q1 2020
CNX Has Generated ~$2.2 Billion in Free Cash Flow(1) Since Q1 2020 $600 Free Cash Flow (FCF)(1) ~$575 $500 20 consecutive quarters of $400 generating positive FCF, used to return $ in millions capital to $300 $276 shareholders and $234 pay down/manage $199 $200 debt $158 $129 $130 $135 $135 $121 $11
Slide 4: Balance Sheet and Hedge Book Drive Capacity to Retire Shares and Reduce Debt
Balance Sheet and Hedge Book Drive Capacity to Retire Shares and Reduce Debt Shares Repurchased Since Q3 2020 224.5 ~36% reduction in total (3.6) shares outstanding CNX has Shares (Millions) (18.7) since Q3 2020 repurchased 80.7 (33.4) 149.2(1) million shares, at an (17.7) (7.4) (0.0) -10% CAGR, for
Slide 5: Balance Sheet and Liquidity Strength
Balance Sheet and Liquidity Strength Significant liquidity under credit Maturities as of December 31, 2024(1) facilities – combined elected $3,000 commitments of $2.0 billion 8% 6.7% 6.8% $2,500 6.5% 7% 6.5% Significant runway before 6% Undrawn Revolver $2,000 nearest bond maturity $ in millions 5%
Slide 6: 2025 Guidance
2025 Guidance CNX Apex Energy(1) Proforma(1) 2025E 2025E 2025E ($ in millions) Low High Low High Low High Production Volumes (Bcfe) 545 - 555 60 - 65 605 - 620 % Liquids ~7% - ~8% % of Natural Gas Hedged 85% Prices on Open Volumes (2) Natural Gas NYMEX ($/MMBtu) $3.86 Natural Gas Differential ($/MMB
Slide 7: GHG Emissions
GHG Emissions Methane Intensity of Top US NG Basins CNX Methane Intensity CNX is driving by activity meaningful reductions on Production Gathering and Boosting Production Gathering and Boosting methane intensity 0.06% emissions and The Appalachian Basin is continues to target the lowest methane furt
Slide 8: Investor Contacts & Notices
Investor Contacts & Notices a global or domestic health crisis or global instability; our operations and national and global economic conditions, generally; conditions in the oil and gas industry; the financial condition of our customers; any nonperformance by customers of their Investor Relations C