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

Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001070412-23-000090
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNX Resources Q2 net income $475M on derivative gains; boosts buyback by $1B to $1.3B
--------------------------------------------------------------------------------

- Net income $475M (diluted EPS $2.47) vs $33M in Q2 2022; includes $542M derivative gain.
- Natural gas, NGL & oil revenue $257M, down 74% YoY from $1,003M on lower prices.
- Production 134.2 Bcfe (-6% YoY); avg daily 1,474 MMcfe.
- Board approved $1.0B stock buyback increase; total available ~$1.3B with no expiration.
- Updated 2023 guidance: production 545-555 Bcfe (narrowed lower); FCF ~$325M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000090/0001070412-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000090/cnx-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001070412-23-000090

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