Cnx Resources Corporation · NYSE:CNX
Cnx Resources — Q1 2026 Earnings Presentation
8 slides from Cnx Resources's earnings presentation, Apr 30, 2026
Slide 1: Q1 2026 Update
Cc Q1 2026 Update April 30, 2026
Slide 2: Q1 2026 Highlights
Q1 2026 Highlights “Our first quarter results mark our 25th consecutive quarter of free cash flow generation, Q1 2026 RESULTS SNAPSHOT AND 2026E (1) highlighting our Sustainable Business Model and consistent execution that are the cornerstones of our success,” commented Alan Shepard, President and C
Slide 3: CNX Has Generated ~$3.0 Billion in Free Cash Flow Since Q1 2020
CNX Has Generated ~$3.0 Billion in Free Cash Flow(1) Since Q1 2020 $600 Free Cash Flow (FCF)(1) ~$525 $500 25 consecutive quarters of $400 generating positive FCF, used to return $ in millions $300 capital to $276 shareholders and $234 $226 reduce debt $200 $199 $188 $158 $135 $135 $139 $129 $130 $1
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 Net of 9.5MM shares CNX has (3.6) issued as part of repurchased 99.5 (18.7) convertible note exchange Shares (Millions) agreement million shares for (33.4) (17.7) 141.5(1) $1.9 billion
Slide 5: Balance Sheet and Liquidity Strength
Balance Sheet and Liquidity Strength Significant ~$1.8 billion in Maturities as of March 31, 2026(1) liquidity under credit facilities – $2,500 combined elected 5.98% 5.59% 5.47% 5.54% 6% commitments of $2.0 billion $2,000 5% Undrawn Revolver Significant runway before $1,500 4% $ in millions nearest
Slide 6: 2026 Guidance
2026 Guidance PREVIOUS UPDATED 2026E Activity Summary 2026E 2026E Avg ($ in millions) Low High Low High TILs Lateral Length Production Volumes (Bcfe) 605 - 620 605 - 620 SWPA Marcellus 24 13,750 % Liquids ~7% - ~8% ~7% - ~8% % of Natural Gas Hedged 81% 81% CPA Marcellus 3 7,880 (1) Utica 7 13,400 Pr
Slide 7: GHG Emissions
GHG Emissions 2025 increases are associated with the Revised EPA Greenhouse Methane Intensity of Top US NG Basins CNX Methane Intensity Gas Reporting Program (GHGRP) 0.08% The Appalachian Basin is the lowest methane 0.06% intensity basin in the U.S. 0.04% 0.02% 0.00% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
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