secwatch.observer — SEC 8-K summary
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Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001070412-22-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNX Resources Q3 net loss $427M; guides FY22 EBITDA $1.3-1.375B, FCF ~$700M
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- Net loss $427M ($2.28 diluted EPS) vs Q3 2021 loss $873M; gas revenue $1.127B up 92% YoY.
- Realized gas price after cash hedging $3.03/Mcf; cash settlement on derivatives loss $651M.
- Production 146.4 Bcfe (1,591 MMcfe/d); FY22 production guidance narrowed to 580-590 Bcfe.
- FY22 adjusted EBITDAX guided to $1.3-1.375B; capex $560-580M; FCF ~$700M ($3.88/share).
- Share repurchases totaled $138M in Q3 2022; common shares outstanding fell to 187.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041222000052/0001070412-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041222000052/cnx-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001070412-22-000052

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