Cnx Resources Corporation · NYSE:CNX
Cnx Resources — Q3 2025 Earnings Presentation
8 slides from Cnx Resources's earnings presentation, Oct 30, 2025
Slide 1: Q3 2025 Update
Q3 2025 Update October 30, 2025
Slide 2: Q3 2025 Highlights
Q3 2025 Highlights “The third quarter represented the 23rd consecutive quarter of free cash flow generation, Q3 2025 RESULTS SNAPSHOT AND 2025E (1) highlighting our Sustainable Business Model and consistent execution that are the cornerstones of growing our long-term per share value," commented Nick
Slide 3: CNX Has Generated ~$2.7 Billion in Free Cash Flow Since Q1 2020
CNX Has Generated ~$2.7 Billion in Free Cash Flow(1) Since Q1 2020 $700 Free Cash Flow (FCF)(1) ~$640 $600 23 consecutive $500 quarters of generating positive FCF, used to return $400 $ in millions capital to shareholders and $300 $276 pay down/manage $234 $226 debt $200 $199 $188 $158 $129 $130 $13
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 Shares Repurchased Since Q3 2020 Reduce Debt 224.5 (3.6) ~43% reduction in total shares outstanding (18.7) Shares (Millions) CNX has since Q3 2020 (33.4) repurchased 95.7 (17.7) (7.4) 134.8(1) million shares, at an (15.0) -11% CAGR, fo
Slide 5: Balance Sheet and Liquidity Strength
Balance Sheet and Liquidity Strength Significant liquidity under credit Maturities as of September 30, 2025(1) facilities – combined elected $3,000 commitments of $2.0 billion 8% $2,500 7% 6.0% 6.0% 6.1% 5.9% 6% Undrawn Revolver $2,000 Capacity $ in millions 5% Significant runway before $1,732 neare
Slide 6: 2025 Guidance
2025 Guidance PREVIOUS UPDATED 2025E 2025E ($ in millions) Low High Low High Production Volumes (Bcfe) 615 - 620 620 - 625 % Liquids ~7% - ~8% ~7% - ~8% % of Natural Gas Hedged 85% 84% Prices on Open Volumes (1) Natural Gas NYMEX ($/MMBtu) $3.59 $3.33 Natural Gas Differential ($/MMBtu) ($0.67) ($0.6
Slide 7: GHG Emissions
GHG Emissions 2025 increases are associated with the Revised EPA Greenhouse Gas Methane Intensity of Top US NG Basins CNX Methane Intensity Reporting Program (GHGRP) 0.05% The Appalachian Basin is 0.04% the lowest methane intensity basin in the U.S. 0.03% 0.02% 0.01% 0.00% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
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