Cnx Resources Corporation · NYSE:CNX
Cnx Resources — Q1 2022 Earnings Presentation
8 slides from Cnx Resources's earnings presentation, Apr 28, 2022
Slide 1: Q1 2022 Update
Cc Q1 2022 Update April 28, 2022
Slide 2: Q1 2022 Highlights
Q1 2022 Highlights “Our sustainable business model includes building a non-replicable and resilient business 1ST QUARTER SNAPSHOT(1) to deliver on our ‘why,’ which is to bring quality of life and security to society," commented Nick Deiuliis, president and CEO. “Our sustainable business model also i
Slide 3: Nine Consecutive Quarters of Generating Significant FCF
Nine Consecutive Quarters of Generating Significant FCF ~$700 $700 Free Cash Flow (FCF)(1) $600 Nine consecutive quarters of $500 generating CNX has generated $1.1 billion in Free Cash Flow significant FCF, since beginning of 7-year plan $400 $ in millions used to return capital to shareholders and
Slide 4: Balance Sheet and Liquidity Strength
Balance Sheet and Liquidity Strength Significant liquidity under credit Maturities as of March 31, 2022(1) 2500 7% facilities – Combined elected 6.0% commitments of $1.9 billion 5.7% 5.8% 6% 2000 Undrawn Revolver 5% Capacity 1500 $ in millions $1,594 4% Approximately $74 million of adjusted net debt
Slide 5: 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 224.5 CNX has repurchased 31.6 million shares for $438 million(1) since 195.0(1) Q3 2020 for an average price of $13.83 Historical debt for this chart has been updated to reflect the adoption of ASU 2020-06. This FASB stand
Slide 6: 2022 Guidance Update & Cash Taxes
2022 Guidance Update & Cash Taxes 2022 Guidance Taxes PREVIOUS UPDATED As of December 31, 2021, the company’s future federal 2022E 2022E and state cash tax obligation will be impacted by, among ($ in millions) Low High Low High other things: Total Capital Expenditures $470 - $500 $470 - $500 ▪ Feder
Slide 7: Q1 2022 GHG Emissions
Q1 2022 GHG Emissions Scope 1 CO2e Emissions Q1 2022 CNX Methane Intensity (000 Metric Tons)(1) 0.120% ONE Future Production Segment: CY2020 Actuals Combustion Equipment 80 Significantly 0.100% Natural Gas Pneumatic Venting 25 outperforming 0.080% industry Dehydrators 11 0.060% benchmark in 0.040% O
Slide 8: Investor Contacts & Notices
Investor Contacts & Notices facilities and other midstream facilities owned by others; conditions in the oil and gas industry; our current long-term debt obligations, and the terms of the agreements that govern that debt; strategic determinations, including the allocation of capital and Investor Rel