---
schema_version: "secwatch.filing_event.v1"
accession: "0001070412-24-000025"
form_type: "8-K"
ticker: "CNX"
cik: "0001070412"
company_name: "CNX Resources Corp"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:23:30.767286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CNX Resources Q1 EPS $0.04 vs $3.61 YoY; lowers 2024 production & EBITDAX guidance

## Summary
- Q1 2024 net income $6.9M ($0.04 diluted EPS) vs $710M ($3.61) in Q1 2023; revenue from gas sales down 28% to $326M.
- Adjusted EBITDAX guidance cut to $925M-$1,075M from $1,000M-$1,150M; production guidance lowered to 540-560 Bcfe from 570-590.
- Capital expenditure reduced to $525M-$575M; NYMEX gas price assumption lowered to $2.34/MMBtu from $2.89.
- Free cash flow guidance maintained at ~$300M (~$1.96 per share).
- Realized natural gas price (incl hedging) $2.71/Mcfe vs $2.90 in Q1 2023; hedge book delivered $55M realized gain.

## SEC filing metadata
- accession: 0001070412-24-000025
- form_type: 8-K
- ticker: CNX
- cik: 0001070412
- company_name: CNX Resources Corp
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070412/000107041224000025/0001070412-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070412/000107041224000025/cnx-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070412-24-000025
- JSON: https://secwatch.observer/filing/0001070412-24-000025.json
- Plain text: https://secwatch.observer/filing/0001070412-24-000025.txt

## Key facts
- Earnings Releases
  CNX Resources Corp reported financial results for first quarter 2024.
  - Period: first quarter 2024
  - Result: reported results
  source text: CNX Resources Corporation (“CNX” or the “Company”) today released financial and operational results for the first quarter 2024 by posting those results on its website. A copy of those results is attached to this Current Report as Exhibit 99.1 and incorporated into this Item 2.02 by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070412/000107041224000025/0001070412-24-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.