secwatch.observer — SEC 8-K summary
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Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001070412-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041224000004/0001070412-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041224000004/cnx-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001070412-24-000004

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