Cnx Resources Corporation · NYSE:CNX
Cnx Resources — Q3 2024 Earnings Presentation
8 slides from Cnx Resources's earnings presentation, Oct 24, 2024
Slide 1: Q3 2024 Update
Q3 2024 Update October 24, 2024
Slide 2: Q3 2024 Highlights
Q3 2024 Highlights “The company had another quarter of consistent operational execution resulting in the 19th Q3 2024 RESULTS SNAPSHOT AND 2024E (1) consecutive quarter of free cash flow generation," commented Nick Deiuliis, president and CEO. “Utilizing this free cash flow, we continued to repurcha
Slide 3: CNX Has Generated ~$2.0 Billion in Free Cash Flow Since Q1 2020
CNX Has Generated ~$2.0 Billion in Free Cash Flow (1) Since Q1 2020 $400 Free Cash Flow (FCF)(1) ~$300 19 consecutive $300 $276 quarters of generating positive $234 FCF, used to return $ in millions capital to $200 shareholders and $158 pay down/manage $135 $135 $129 $130 debt $121 $117 $101 $100 $8
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 ~36% reduction in total 224. shares outstanding CNX has 3. since Q3 2020 Shares (Millions) repurchased 80.3 18. million shares, at an 33.4 149.3(1) 1 . .0 -10% CAGR, for $1.3 billion(1) sinc
Slide 5: Balance Sheet and Liquidity Strength
Balance Sheet and Liquidity Strength Significant liquidity under credit Maturities as of September 30, 2024(1) facilities – combined elected $3,000 8% commitments of $2.0 billion $2,500 7% 6.4% 6.2% 6.0% 6.1% 6% Undrawn Revolver $2,000 Significant runway before $ in millions 5% Capacity nearest bond
Slide 6: 2024 Guidance
2024 Guidance PREVIOUS (1) UPDATED 2024E 2024E ($ in millions) Low High Low High Production Volumes (Bcfe) 545 - 555 545 - 555 Guidance range remains unchanged % Liquids ~8% - ~9% ~8% - ~9% % of Natural Gas Hedged 86% 86% (2) Prices on Open Volumes Natural Gas NYMEX ($/MMBtu) $2.37 $2.30 Natural Gas
Slide 7: GHG Emissions
GHG Emissions CNX is driving Methane Intensity of Top US NG Basins CNX Methane Intensity meaningful by activity reductions on methane intensity Production Gathering and Boosting Production Gathering and Boosting emissions and 0.06% continues to target The Appalachian Basin is further progress the lo
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