CNX Resources Corp (N:CNX)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1000 Consol Energy Dr CANONSBURG PA 15317-6506 |
| Tel: | N/A |
| Website: | https://www.cnx.com |
| IR: | See website |
| Key People | ||
| Nicholas J. DeIuliis President, Chief Executive Officer, Director | Alan Shepard Chief Financial Officer | Ravi Srivastava President - New Technologies |
| Navneet Behl Chief Operating Officer | Timothy S. Bedard Executive Vice President, General Counsel, Corporate Secretary | Hayley F. Scott Chief Risk Officer |
| Business Overview |
| CNX Resources Corporation is an independent low carbon intensity natural gas development, production, midstream and technology company centered in the Appalachian Basin. The majority of its operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, it operates and develops Coalbed Methane (CBM) properties in Virginia. It has rights to extract natural gas from Shale formations in Pennsylvania, West Virginia, and Ohio from approximately 527,000 net Marcellus Shale acres and approximately 607,000 net Utica Shale acres. The Company holds approximately 53,000 acres of incremental Upper Devonian acres. It has rights to extract CBM in Virginia from approximately 278,000 net CBM acres. It extracts CBM natural gas primarily from the Pocahontas #3 seam. It has rights to extract natural gas from other Shale and shallow oil and gas formations, primarily in Illinois, Indiana, New York, and others. |
| Financial Overview |
| For the three months ended 31 March 2024, CNX Resources Corp revenues decreased 31% to $340.2M. Net income decreased 99% to $6.9M. Revenues reflect Shale segment decrease of 2% to $359.4M, Natural Gas Production (CF)-Coalbed meth decrease of 9% to 9.5B cubic feet. Net income also reflects Gain on Commodity Derivative Instruments decrease of 99% to $7.5M (income). |
| Employees: | 470 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,843M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,224M as of Mar 31, 2024 |
| EBITDA (TTM): | $623.72M as of Mar 31, 2024 |
| Net annual income (TTM): | $1,017M as of Mar 31, 2024 |
| Free cash flow (TTM): | $73.36M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $2,274M as of Mar 31, 2024 |
| Shares outstanding: | 153,245,448 as of Apr 11, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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