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4Q 2022 Earnings Presentation – CNX Resources

CNX Resources · Jan 26, 2023 · 8 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q 2022 Earnings Presentation – CNX Resources – slide 1
    Q4 2022 Update January 26, 2023
  2. 4Q 2022 Earnings Presentation – CNX Resources – slide 2
    Q4 2022 Highlights The fourth quarter represented the 12th consecutive quarter of significant free cash flow RESULTS SNAPSHOT(1) generation, making 2022 the best year ever for CNX as a public company, commented Nick Deiuliis, president…
  3. 4Q 2022 Earnings Presentation – CNX Resources – slide 3
    CNX has Generated 1.6 Billion in Free Cash Flow since Q1 2020 400 Free Cash Flow (FCF)(1) 375 12 consecutive 300 quarters of 276 generating significant FCF, in millions 234 used to return 200 capital to shareholders and 158 pay…
  4. 4Q 2022 Earnings Presentation – CNX Resources – slide 4
    Balance Sheet and Liquidity Strength Significant liquidity under credit Maturities as of December 31, 2022(1) facilities Combined elected 2500 7.1% 7.2% 7.4% 7.5% 8% commitments of 1.9 billion 7% 2000 6% Undrawn Revolver…
  5. 4Q 2022 Earnings Presentation – CNX Resources – slide 5
    Balance Sheet and Hedge Book Drive Capacity to Retire Shares and Reduce Debt CNX has 24% reduction in total shares outstanding repurchased 57.0 since Q3 2020 million shares for 868 million(1) 170.1(1) since Q3 2020 at an average price of…
  6. 4Q 2022 Earnings Presentation – CNX Resources – slide 6
    2023 Guidance 2023E ( in millions) Low High We expect to return to 1.6 Bcfe/day production level run- Production Volumes (Bcfe) 555 - 575 rate around mid-year 2023 % Liquids 7% - 8% 2024 production volumes expected to be % of Natural…
  7. 4Q 2022 Earnings Presentation – CNX Resources – slide 7
    Programmatic Hedging Strategy is Locking in Higher Prices Percentage of Volumes by Class: Hedges vs. Open(1)(2) NYMEX Forward Prices(3) 4.06 4.34 4.48 4.54 4.59 100% 90% 4.06 4.34 Consistent execution of 80% 4.48 4.46 4.54…
  8. 4Q 2022 Earnings Presentation – CNX Resources – slide 8
    2022 Methane Emissions Methane Intensity By Segment Methane Emissions Intensity(1) -41% 0.07% 0.06% 0.04% 0.04% The Appalachian Basin is the 0.03% 0.02% lowest methane intensity basin CNX is driving meaningful 2020 2021 2022…

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