Q3 2021 Update October 28 2021 – CNX Resources

CNX Resources · Oct 28, 2021 · 6 slides

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Q3 2021 Update October 28, 2021
Q3 2021 Highlights CNX quietly executed through yet another strong quarter, commented Nick Deiuliis, 3RD QUARTER SNAPSHOT(1) president and CEO. Free cash flow generation was substantial, and we allocated over 60% of it to buy back our…
Seven Consecutive Quarters of Generating Significant FCF 500 500 Free Cash Flow (FCF)(1) 450 Seven 400 consecutive 350 quarters of generating in millions 300 significant FCF, used to pay down 250 debt and return 200 capital to…
Balance Sheet and Liquidity Strength After the close of the quarter, Current Maturity Schedule (Adjusted)(1) CNX and CNXM credit facilities extended to 2026 maturity 2,500 6% 4.8% 5% 2,000 4.5% 4.3% Undrawn Revolver Nearest…
Balance Sheet and Hedge Book Drive Capacity to Retire Shares and Reduce Debt 224.5 CNX has repurchased 14.7 million shares for 211.2(1) 175 million since Q3 2020 CNX has reduced 523 million of net debt since Q4 2019, which includes…
2021 Guidance Update PREVIOUS UPDATED 2021E 2021E ( in millions) Low High Low High Total Capital Expenditures 430 - 470 460 - 470 Plan optimization to pull forward Production Volumes (Bcfe) 540 - 570 570 - 580 activity driving…