secwatch.observer — SEC 8-K summary
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Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001070412-24-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNX reports Q2 net loss of $18.3M; revenue down on lower gas prices
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- Net loss of $18.3M (diluted EPS -$0.12) vs net income of $475.0M in Q2 2023; adjusted EBITDAX guided $950M-$1,050M.
- Total production 134.0 Bcfe (down 4% from Q1); avg daily production 1,473 MMcfe.
- Realized natural gas price incl. cash hedges $2.58/Mcfe, down from $2.71/Mcfe in Q1.
- 2024 production guidance narrowed to 545-555 Bcfe; free cash flow guidance ~$300M, FCF per share ~$1.98.
- Capital expenditures unchanged at $525-$575M; D&C $380-$400M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041224000037/0001070412-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041224000037/cnx-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001070412-24-000037

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