Slide 1: Q1 2025 Update
Cc Q1 2025 Update April 24, 2025
Slide 2: Q1 2025 Highlights
Q1 2025 Highlights “The company had another quarter of consistent operational execution resulting in the 21st Q1 2025 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 bought back
Slide 3: CNX Has Generated ~$2.3 Billion in Free Cash Flow Since Q1 2020
CNX Has Generated ~$2.3 Billion in Free Cash Flow(1) Since Q1 2020 $600 Free Cash Flow (FCF)(1) ~$575 $500 21 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 224.5 Shares Repurchased Since Q3 2020 ~38% reduction in total CNX has (3.6) shares outstanding Shares (Millions) (18.7) since Q3 2020 repurchased 85.6 million shares, at an (33.4) (17.7) 144.7(1) (7.4) -10% CAGR, for (4.9)
Slide 5: Balance Sheet and Liquidity Strength
Balance Sheet and Liquidity Strength Significant liquidity under credit Maturities as of March 31, 2025(1) facilities – combined elected $3,000 commitments of $2.0 billion 7.4% 8% 7.3% 7.3% $2,500 6.8% 7% Significant runway before Undrawn Revolver 6% $2,000 nearest bond maturity Capacity $ in millio
Slide 6: 2025 Guidance
2025 Guidance PREVIOUS UPDATED 2025E 2025E ($ in millions) Low High Low High Production Volumes (Bcfe) 605 - 620 605 - 620 % Liquids ~7% - ~8% ~7% - ~8% % of Natural Gas Hedged 85% 85% Prices on Open Volumes (2) Natural Gas NYMEX ($/MMBtu) $3.86 $3.76 Natural Gas Differential ($/MMBtu) ($0.54) ($0.5
Slide 7: GHG Emissions
GHG Emissions 2025 increases are associated with the Revised Methane Intensity of Top US NG Basins CNX Methane Intensity EPA Greenhouse Gas Reporting Program (GHGRP) 0.05% The Appalachian Basin is the lowest methane 0.04% intensity basin in the U.S. 0.03% 0.02% 0.01% 0.00% 2021 2022 2022 2022 2022 2
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