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CNX Resources Swings to $90M Net Loss on Derivative Hits, Eyes 10-13% Volume Growth

CNX10-KFiling Date: 2/11/2025
CNX Resources Corporation
Description

What this story covers

CNX Resources reported a $90M 2024 net loss due to $453M unrealized derivative losses, despite steady $816M cash flow and 551 Bcfe production. Reserves at 8.5 Tcfe support 2025 guidance of 605-620 Bcfe volumes and $450-500M capex, bolstered by Apex acquisition and hedging. Focus on low-cost Appalachian ops and environmental attributes generated $95M revenue.

Story snapshot

CompanyCNX Resources Corporation
TickerCNX
VariantStandard detailed
Duration11:35
Filing type10-K
PeriodAnnual 2024
IndustryEnergy
Accession0001070412-25-000049

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