CNX Q4 adjusted net income $79M; guides 2024 FCF ~$300M, production 570-590 Bcfe

CNX Resources Corp

2023-FY EPS reported $8.99 revenue$3,434,948,000

Q4 2023 Adjusted EBITDAX $275M vs $310M in Q4 2022; full year 2023 Adjusted EBITDAX $1.152B.
Natural gas revenue $334M (-57% YoY); realized price after hedging $2.57/Mcfe.
Full year free cash flow $105M; 2024 FCF guidance ~$300M.
Share repurchases $320M in 2023; diluted share count fell to 187M from 207M.
2024E production 570-590 Bcfe; capex $575-625M; Adjusted EBITDAX guidance $1.0-1.15B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CNX Resources Corp reported financial results for fourth quarter 2023.

Period: fourth quarter 2023
Result: reported results

Exact text from the filing

CNX Resources Corporation (“CNX” or the “Company”) today released financial and operational results for the fourth quarter and full fiscal year 2023 by posting those results on its website.

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

CNX Resources Corp filing history →

Source: SEC EDGAR

accession 0001070412-24-000004

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