CNX Resources Corp Q1 FY2025 earnings call

Tyler Lewis welcomed participants and mentioned the posted materials on the Investor Relations website. Alan Shepard discussed TIL timing with bulk completions in first half, de minimis cash taxes, and buyback value. Navneet Behl noted Apex wells are performing better than expected and EA sales not impacted by certain facility deactivations.

Alan Shepard mentioned free cash flow guidance is unchanged, a range around a number, and production trajectory and CapEx related to maintaining production levels. He also stated they're 85% hedged and free cash flow guidance is a range reaffirmed.

Q: Zachary Parham asked on activity levels, TILs, and production trajectory.

A: Alan Shepard said bulk completions in first half, TILs in Q2, lull in Q3, TILs in Q4, and flexibility with gas prices.

Q: Leo Mariani asked about cash taxes, buyback, and 45Q.

A: Alan Shepard talked about de minimis cash taxes, buyback value, and no info on 45Q changes.

Q: Gabriel Daoud asked about volume trajectory, production level, and CapEx.

A: Alan Shepard discussed production range and not tied to specific quarterly/annual levels.

Q: Noah Hungness asked about free cash flow resiliency and basin demand.

A: Alan Shepard talked about hedging and basin demand optimism.

Q: Jacob Roberts asked about Apex wells performance and EA sales.

A: Navneet Behl said Apex wells performing better than expected, EA sales not impacted by certain facility deactivations.