secwatch.observer — SEC 8-K summary
======================================

Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001070412-22-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNX Q2 net income $33M vs loss; raises capex guidance; holds FCF outlook
------------------------------------------------------------------------

- Natural gas, NGL and oil revenue $1.0B (+171% YoY); net income $33.4M ($0.15 diluted EPS) vs net loss $354.1M.
- Realized gas price before hedging $7.02/Mcf; after cash settlements $3.04/Mcf due to hedging loss of $3.98/Mcf.
- 2022 capex guidance raised to $550-590M from $470-500M; production guidance unchanged at 575-605 Bcfe.
- Free cash flow outlook ~$700M unchanged; FCF per share improved to $3.69 from $3.59 on share buybacks.
- Bought back $59.5M shares in Q2; diluted share count fell to 194M from 220M a year earlier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041222000042/0001070412-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041222000042/cnx-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001070412-22-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer