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

Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001070412-23-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNX reports Q3 net income of $21.4M, EPS $0.13; revenue down 77% YoY on lower gas prices
--------------------------------------------------------------------------------

- Net income $21.4M ($0.12 diluted) vs loss of $427.1M ($2.28 loss) in Q3 2022.
- Natural gas, NGL & oil revenue $255.1M, down from $1,127.3M YoY as realized gas price fell to $1.64/Mcf from $7.82.
- Total Bcfe production 143.4 (1,559 MMcfe/d), down 2% YoY but up 7% sequentially.
- Including cash settlement of derivatives, realized price was $2.49/Mcfe vs $3.25 in Q3 2022.
- 2023 full-year guidance reaffirmed: production 545-555 Bcfe, capex $625-675M, FCF ~$325M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000101/0001070412-23-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000101/cnx-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001070412-23-000101

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