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2Q 2023 Earnings Presentation – CNX Resources

CNX Resources · Jul 27, 2023 · 7 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. 2Q 2023 Earnings Presentation – CNX Resources – slide 1
    Q2 2023 Update July 27, 2023
  2. 2Q 2023 Earnings Presentation – CNX Resources – slide 2
    Q2 2023 Highlights The second quarter represented the 14th consecutive quarter of significant free cash flow RESULTS SNAPSHOT(1) generation, commented Nick Deiuliis, president and CEO. Utilizing this free cash flow, we continued to pay…
  3. 2Q 2023 Earnings Presentation – CNX Resources – slide 3
    CNX has Generated 1.8 Billion in Free Cash Flow(1) since Q1 2020 Free Cash Flow (FCF)(1) 800 707 700 14 consecutive quarters of 600 generating 506 significant FCF, 500 used to return in millions capital to 400 356 shareholders and…
  4. 2Q 2023 Earnings Presentation – CNX Resources – slide 4
    Balance Sheet and Hedge Book Drive Capacity to Retire Shares and Reduce Debt 30% reduction in total shares outstanding CNX has since Q3 2020 repurchased 66.3 161.5(1) million shares for 1.0 billion(1) since Q3 2020 at an average price…
  5. 2Q 2023 Earnings Presentation – CNX Resources – slide 5
    Balance Sheet and Liquidity Strength Significant liquidity under credit Maturities as of June 30, 2023(1) facilities Combined elected 2500 7.5% 7.6% 8% 7.3% 7.4% commitments of 1.95 billion 7% 2000 6% Undrawn Revolver…
  6. 2Q 2023 Earnings Presentation – CNX Resources – slide 6
    2023 Guidance Update PREVIOUS UPDATED Wellhead production on- Activit 2023E track & on schedule 2023E 2023E ( in millions) Low High Low High Volumes adjusted 15 Bcfe: Production Volumes (Bcfe) 555 - 575 545 - 555 9 Bcfe decrease from…
  7. 2Q 2023 Earnings Presentation – CNX Resources – slide 7
    GHG Emissions Methane Intensity of Top US NG Basins CNX Methane Intensity by segment 0.06% The Appalachian Production Segment G&B Segment CNX is driving Basin is the lowest meaningful methane intensity 0.04% reductions on basin in the…

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