Highest-materiality recent filing
CNX Resources Q1 net income $348M vs loss; lowers FY2026 guidance
Net income of $348M ($2.18 diluted EPS) vs loss of $198M ($1.34 loss) in Q1 2025.
CNX closes $500M 5.875% senior notes due 2034 to refinance 2029 notes
Issued $500M aggregate principal of 5.875% senior notes due March 1, 2034.
CNX Resources prices $500M of 5.875% senior notes due 2034 to refinance 6.000% notes due 2029
$500M aggregate principal amount of 5.875% senior notes due 2034 priced at 100% of face value.
CNX Q4 2025 net income $196M vs prior-year loss; Board adds $2B to share repurchase program
Q4 2025 diluted EPS $1.28 (vs $0.97 loss in Q4 2024); full-year EPS $3.98 vs $0.97 loss.
CNX Resources sets compensation for new CEO Alan Shepard and CFO Everett Good
Shepard base salary $600k, STI target 120% ($720k), LTI target $3M, plus revised CIC severance (2.5x base+STI, 30 months benefits).
CNX Resources exchanges $122.1M of 2.25% convertible notes for $0.8M cash + 9.5M shares
Company exchanged $122.1M principal of 2.25% Convertible Senior Notes due 2026.
CNX Resources appoints Everett Good CFO, Alan Shepard to become CEO effective Jan 1, 2026
Everett Good, current VP of Finance and Treasury, named CFO effective Jan 1, 2026, replacing Alan Shepard.
CNX Q3 net income $202M ($1.21 diluted EPS); raises FCF guidance to ~$640M
Net income of $202M ($1.21 diluted EPS) vs net loss of $198M in Q1 2025; gas/NGL/oil revenue $401M, up 54% YoY.
CNX Resources CEO Nicholas DeIuliis to retire Dec 31, 2025; President Alan Shepard named successor
CEO Nicholas J. DeIuliis will retire as CEO on Dec 31, 2025; remain on Board after.
CNX Q2 net income $432.5M ($2.53 EPS) vs year-ago loss; production up 25%
Net income $432.5M ($2.53 diluted EPS) vs net loss of $18.3M in Q2 2024, aided by $421M unrealized derivative gains.
CNX Resources Q1 2025 net loss $197.7M; 2025 guidance reaffirmed
Net loss of $197.7M ($1.34 basic EPS) vs. Q1 2024 net income of $6.9M ($0.04 EPS).
CNX Resources Q4 net loss $144.6M, EPS -$0.97; 2025 EBITDAX guidance $1.09-$1.13B
Net loss of $144.6M ($0.97 diluted EPS) vs Q4 2023 net income of $514.0M ($3.28 diluted EPS).
CNX Resources completes $505M acquisition of Apex upstream assets
CNX Gas Company subsidiary acquired all membership interests in three Apex entities including Apex Energy (PA), LLC.
CNX subsidiary to acquire Apex Energy entities for $505M cash, close Q1 2025
CNX Gas Company LLC signs agreement to buy all membership interests in Apex Energy (PA), Apex Energy Minerals, and Apex WML Midstream.
CNX Q3 net income $65.5M ($0.37 diluted EPS); narrows FY2024 EBITDAX guidance to $975-$1,025M
Net income $65.5M (diluted EPS $0.37) vs $21.4M ($0.12) in prior-year Q3.
CNX reports Q2 net loss of $18.3M; revenue down on lower gas prices
Net loss of $18.3M (diluted EPS -$0.12) vs net income of $475.0M in Q2 2023; adjusted EBITDAX guided $950M-$1,050M.
CNX Resources Q1 EPS $0.04 vs $3.61 YoY; lowers 2024 production & EBITDAX guidance
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.
CNX closes $400M 7.250% senior notes due 2032 to refinance 2027 notes
Issued $400M aggregate principal of 7.250% senior notes due March 1, 2032.
CNX completes tender offer for 89.2% of 7.250% notes due 2027; conditional redemption for remainder
Tenders received for $312.2M of $350M aggregate principal outstanding (89.21%).
CNX Q4 adjusted net income $79M; guides 2024 FCF ~$300M, production 570-590 Bcfe
Q4 2023 Adjusted EBITDAX $275M vs $310M in Q4 2022; full year 2023 Adjusted EBITDAX $1.152B.
CNX Resources appoints Timothy Bedard as EVP General Counsel; Alex Reyes departs with severance
Timothy Bedard appointed EVP, General Counsel and Secretary effective Dec 22, 2023; previously head of legal at Visa's Value Added Services.
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.
CNX Resources grants special performance share units to three executives
CFO Alan K. Shepard, COO Navneet Behl, and President Ravi Srivastava each received 383,334 PSUs on August 1, 2023.
CNX Resources Q2 net income $475M on derivative gains; boosts buyback by $1B to $1.3B
Net income $475M (diluted EPS $2.47) vs $33M in Q2 2022; includes $542M derivative gain.
CNX Resources subsidiary agrees to sell Appalachian basin oil & gas assets for $125M
Definitive PSA to sell non-operated producing assets; cash proceeds ~$125M, effective date April 1, 2023.
CNX Resources Q1 net income $710M but guidance slashed; gas price drop pressures 2023 outlook
Diluted EPS $3.61 vs ($4.62) YoY, includes $762M unrealized derivative gain; adjusted free cash flow guidance cut to ~$250M from ~$375M.
CNX Q4 net income $1.175B (incl $1.14B unrealized gain); FY net loss $142M; guides 2023 FCF ~$375M
Q4 net income $1.175B ($5.68 diluted EPS) vs $630M ($2.90) in Q4 2021; includes $1.138B unrealized derivatives gain.
CNX Resources Q3 net loss $427M; guides FY22 EBITDA $1.3-1.375B, FCF ~$700M
Net loss $427M ($2.28 diluted EPS) vs Q3 2021 loss $873M; gas revenue $1.127B up 92% YoY.
Issued $500M principal of 7.375% senior notes due Jan 15, 2031; interest payable semi-annually.
CNX Resources prices $500M of 7.375% senior notes due 2031 for tender offer and debt repayment
$500M aggregate principal of 7.375% senior notes due 2031 priced at 100% of face value; closing expected Sept 26, 2022.
CNX Resources announces $500M senior note offering and $350M tender offer for 2027 notes
CNX intends to offer $500 million senior notes due 2031 in a private placement.
CNX Q2 net income $33M vs loss; raises capex guidance; holds FCF outlook
Natural gas, NGL and oil revenue $1.0B (+171% YoY); net income $33.4M ($0.15 diluted EPS) vs net loss $354.1M.
Mr. Shepard succeeds Nicholas DeIuliis in the role of Company President (Mr. DeIuliis continues to serve as the Company’s Chief Executive Officer and as a member of the Board).
On June 11, 2025, the Board of Directors (the “Board”) of CNX Resources Corporation (“the Company”) appointed Alan Shepard, the Company’s current Chief Financial Officer, to serve as the Company’s President in addition to his role as Chief Financial Officer, effective immediately.
On November 29, 2023, it was mutually agreed that Mr. Alexander J. Reyes, Executive Vice President, General Counsel and Secretary of CNX, will separate from service without cause from the Company.
The Board of Directors announced that it has appointed Mr. Timothy S. Bedard as the Executive Vice President, General Counsel and Secretary of CNX Resources Corporation (“CNX” or the “Company”) effective December 22, 2023
On May 24, 2023, it was determined that Mr. Olayemi Akinkugbe, Chief Excellence Officer (“CXO”) of CNX Resources Corporation (“CNX” or the “Company”), will separate from service without cause from the Company effective June 30, 2023 (the “Departure Date”).
In connection with the previously announced departure of Mr. Chad Griffith, former Chief Operating Officer (“COO”) of CNX Resources Corporation (“CNX” or the “Company”), Mr. Griffith executed a letter agreement
Mr. Chad Griffith will no longer serve as the Chief Operating Officer (“COO”) of CNX Resources Corporation (“CNX” or the “Company”).
Mr. Navneet Behl will assume the role of COO of CNX left vacant by Mr. Griffith’s departure.
The Board appointed Donald W. Rush, the Company’s Chief Financial Officer, to a newly created position of Chief Strategy Officer.
Concurrently, the Board appointed Alan Shepard, age 41 to serve as the Company’s Chief Financial Officer, including serving as its principal financial and principal accounting officer, effective as of the Effective Date.
On January 26, 2022, the Board of Directors (the “Board”) of the Company approved (i) an increase in the size of the Board from six directors to seven directors and (ii) election of Robert O. Agbede as a director to fill the resulting vacancy, with a term expiring at the Company’s 2022 Annual Meeting of Shareholders, each effective January 26, 2022.
Max materiality 0.85 · Median 0.60 · Most common event debt