CNX Resources (CNX) Proxy Filing summary

Executive summary

• Achieved 20 consecutive quarters of positive free cash flow (FCF) through 2024, generating $816 million in net cash from operations and $331 million in annual FCF despite low natural gas prices.

• Reduced outstanding shares by 36% since Q3 2020, ranking among the top in capital markets for share count reduction.

• Completed a $505 million acquisition of Apex Energy II, expanding Marcellus and Utica leasehold and infrastructure.

• Maintains a strong balance sheet with $2.2 billion in long-term debt and significant flexibility for future opportunities.

• Focus remains on disciplined capital allocation and long-term per share value creation.

Voting matters and shareholder proposals

• Annual meeting of shareholders scheduled for May 1, 2025.

Board of directors and corporate governance

• Will Thorndike transitions from Chairman to Board member, with Ian McGuire assuming the role of Chairman.

• Board and management emphasize long-term per share value and disciplined capital allocation.