Form 8-K

8-K — CNX Resources Corp

Accession: 0001070412-26-000045

Filed: 2026-04-30

Period: 2026-04-30

CIK: 0001070412

SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — cnx-20260430.htm (Primary)

EX-99.1 (ex991supplementalq126.htm)

GRAPHIC (cnxlogo2a03a.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cnx-20260430.htm · Sequence: 1

cnx-20260430

0001070412truefalse00010704122026-04-302026-04-300001070412us-gaap:CommonStockMember2026-04-302026-04-300001070412cnx:PreferredSharePurchaseRightsMember2026-04-302026-04-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): April 30, 2026

CNX Resources Corporation

(Exact name of registrant as specified in its charter)

Delaware 001-14901 51-0337383

(State or other jurisdiction

of incorporation) (Commission File Number) (IRS Employer

Identification No.)

CNX Center

1000 Horizon Vue Drive

Canonsburg, Pennsylvania 15317

(Address of principal executive offices)

(Zip code)

Registrant's telephone number, including area code:

(724) 485-4000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of exchange on which registered

Common Stock ($.01 par value) CNX New York Stock Exchange

Preferred Share Purchase Rights -- New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition.

CNX Resources Corporation (“CNX” or the “Company”) today released financial and operational results for the first quarter 2026 by posting those results on its website. A copy of those results is attached to this Current Report as Exhibit 99.1 and incorporated into this Item 2.02 by reference.

The information furnished pursuant to this Item 2.02 and Item 7.01, including Exhibit 99.1, are being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 7.01 Regulation FD

The information set forth under Item 2.02 is incorporated into this Item 7.01 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1

1Q 2026 Earnings Results & Supplemental Information of CNX Resources Corporation

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CNX RESOURCES CORPORATION

By: /s/ Everett W. Good

Everett W. Good

Chief Financial Officer

Dated: April 30, 2026

EX-99.1

Filename: ex991supplementalq126.htm · Sequence: 2

Document

1Q 2026 Earnings Results &

Supplemental Information of CNX Resources

TABLE OF CONTENTS: Page:

Production Volumes and Activity Summary........................................................................................................................ 2

Hedge Volumes and Pricing…........................................................................................................................................... 3

Gas Hedging Gain/Loss Projections and Actuals.............................................................................................................. 4

Consolidated Statements of Income.................................................................................................................................. 5

Consolidated Balance Sheets............................................................................................................................................ 6

Consolidated Statements of Cash Flows…....................................................................................................................... 7

Market Mix and Natural Gas Price Reconciliation….......................................................................................................... 8

Price and Cost Data (Per Mcfe)......................................................................................................................................... 9

Guidance…........................................................................................................................................................................ 10

Year End 2025 Acreage and Undeveloped Location Update…......................................................................................… 11

Definitions.......................................................................................................................................................................... 12

Sales of Natural Gas, NGL and Oil, including Cash Settlements and Natural Gas, NGL and Oil Production Costs.........

Quarterly Adjusted EBITDAX and Adjusted Net Income.................................................................................................... 14

Operating Margin............................................................................................................................................................... 15

Cash Operating Margin...................................................................................................................................................... 16

Net Debt and Adjusted EBITDAX TTM.............................................................................................................................. 17

Free Cash Flow.................................................................................................................................................................. 18

Risk Factors....................................................................................................................................................................... 19

NOTE: Please note that CNX is unable to provide a reconciliation of non-GAAP projected financial results contained in this presentation, including the non-GAAP measures referenced above, to their respective comparable financial measure calculated in accordance with GAAP. This is due to our inability to calculate the comparable GAAP projected metrics, including operating income, net cash provided by operating activities and total production costs, given the unknown effect, timing, and potential significance of certain income statement items.

PRODUCTION VOLUMES

GAS Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Shale Sales Volumes (Bcf) 129.8 130.5 139.2 146.9 126.0

CBM Sales Volumes (Bcf) 9.1 9.4 9.7 9.4 9.3

Other Sales Volumes (Bcf) 0.1 0.1 0.1 — 0.1

LIQUIDS*

NGLs Sales Volumes (Bcfe) 13.1 12.1 12.0 11.1 12.2

Oil and Condensate Sales Volumes (Bcfe) 0.3 0.2 0.3 0.2 0.2

TOTAL (Bcfe) 152.4 152.3 161.3 167.6 147.8

Average Daily Production (MMcfe) 1,693.0 1,654.8 1,753.3 1,841.8 1,642.3

* NGLs, Oil and Condensate are converted to Mcfe at the rate of one barrel equals six Mcf based upon the approximate relative energy content of oil and natural gas, which is not indicative of the relationship of oil, NGLs, condensate, and natural gas prices.

Q1 2026 ACTIVITY SUMMARY TD Frac TIL

Average Lateral Length(1)

Rigs at Period End

SWPA Marcellus 14 3 6 10,070 —

Utica — — — — —

CPA Marcellus — — 3 8,010 —

Utica — 3 3 13,590 1

Total 14 6 12 1

(1) Measured in lateral feet from perforation to perforation.

NATURAL GAS HEDGE VOLUMES AND PRICING(1)

Q2 2026 2026 2027 2028

NYMEX Hedges

Volumes (Bcf) 89.3 356.2 259.7 102.8

Average Prices ($/Mcf) $3.50 $3.55 $4.17 $4.03

Physical Fixed Price Sales and Index Hedges

Volumes (Bcf) 25.9 103.4 140.6 38.9

Average Prices ($/Mcf) $2.64 $2.64 $3.31 $3.11

Total Volumes Hedged (Bcf)(2)

115.1 459.6 400.3 141.6

NYMEX + Basis (fully-covered volumes)(3)

Volumes (Bcf) 110.8 445.6 400.3 141.6

Average Prices ($/Mcf) $2.71 $2.74 $3.31 $3.25

NYMEX Hedges Exposed to Basis

Volumes (Bcf) 4.36 14.0 - -

Average Prices ($/Mcf) $3.50 $3.54 - -

Total Volumes Hedged (Bcf)(2)

115.1 459.6 400.3 141.6

Estimated Conversion Factor(4)

1.060 1.063 1.064 1.060

(1) Hedge positions as of 4/15/2026.

(2) Excludes basis hedges in excess of NYMEX hedges of 1.9 Bcf and 58.6 Bcf for 2027 and 2028, respectively.

(3) Includes the impact of NYMEX and basis-only hedges as well as physical sales agreements.

(4) To convert Bcf to TBtu, multiply by conversion factor; to convert $/Mcf to $/MMBtu, divide by conversion factor.

HEDGING GAIN/LOSS PROJECTIONS

Q2 2026 CY2026

Hedged Volumes Wtd. Avg. Average Forecasted Hedged Volumes Wtd. Avg. Average Forecasted

($/MMBtu) (000 MMBtu) Hedged Price

Forward Market(1)

Gain/(Loss)(2) ($ in 000s)

(000 MMBtu) Hedged Price

Forward Market(1)

Gain/(Loss)(2) ($ in 000s)

NYMEX 94,640 $3.30 $2.82 $45,593 378,670 $3.34 $3.64 ($105,482)

Index 27,300 $2.49 $2.10 $10,699 109,500 $2.49 $2.93 ($48,446)

Basis:

Eastern Gas-South (DOM) 27,300 ($0.88) ($0.83) ($1,599) 110,060 ($0.88) ($0.78) ($9,225)

TCO Pool (TCO) 12,058 ($0.74) ($0.58) ($1,968) 48,643 ($0.74) ($0.57) ($7,079)

Michcon (NMC) 8,190 ($0.19) ($0.29) $771 32,850 ($0.19) ($0.37) $5,761

TETCO M3 (TMT) — — ($0.73) — — — $0.43 —

TETCO M2 (BM2) 26,618 ($1.01) ($0.82) ($4,920) 106,763 ($1.01) ($0.73) ($28,707)

STA 165 (TSD) — — ($0.67) $0 — — $0.22 —

Total Financial Basis Hedges 74,165 ($7,716) 298,315 ($39,249)

Total Projected Realized Gain / (Loss) $48,576 ($193,177)

Note: Forward market prices, hedged volumes, and hedge prices are as of 4/15/2026. Anticipated hedging activity is not included in projections.

(1) April 2026 prices are settled.

(2) Forecasted Gain/(Loss) amounts are based on sum of current monthly hedge positions vs. strip.

Actual Change in Derivatives

(Dollars in millions) Q1 2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Realized (Loss) Gain ($222) ($58) $22 ($35) ($110)

Unrealized Gain (Loss) 226 130 110 456 (418)

Gain (Loss) on Commodity Derivative Instruments $4 $72 $132 $421 $(528)

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Dollars in thousands, except per share data

Revenue and Other Operating Income: Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Natural Gas, NGL and Oil Revenue $722,044 $476,615 $400,990 $485,029 $551,094

Gain (Loss) on Commodity Derivative Instruments 3,981 72,065 131,695 421,121 (528,220)

Purchased Gas Revenue 12,687 14,365 9,026 10,408 11,550

Other Revenue and Operating Income 47,942 47,439 42,129 45,864 47,964

Total Revenue and Other Operating Income 786,654 610,484 583,840 962,422 82,388

Costs and Expenses:

Operating Expense

Lease Operating Expense 21,770 20,700 27,127 26,256 23,333

Transportation, Gathering and Compression 102,401 93,939 97,053 96,953 95,159

Production, Ad Valorem, and Other Fees 8,789 6,534 7,725 9,668 7,273

Depreciation, Depletion and Amortization 134,613 145,134 149,323 152,595 127,062

Exploration and Production Related Other Costs 4,177 5,008 1,656 1,770 2,082

Purchased Gas Costs 12,253 13,581 8,455 9,402 11,209

Selling, General, and Administrative Costs 32,245 41,846 30,375 29,068 39,013

Other Operating (Income) Expense (4,622) 14,640 19,178 21,014 14,080

Total Operating Expense 311,626 341,382 340,892 346,726 319,211

Other Expense (Income)

Other Expense 509 4,288 1,752 3,729 3,947

Gain on Asset Sales and Abandonments, net (6,365) (2,410) (67,460) (17,715) (9,583)

Loss on Debt Extinguishment 12,009 842 — — —

Interest Expense 40,470 41,975 42,964 44,041 41,612

Total Other Expense (Income) 46,623 44,695 (22,744) 30,055 35,976

Total Costs and Expenses 358,249 386,077 318,148 376,781 355,187

Earnings (Loss) Before Income Tax 428,405 224,407 265,692 585,641 (272,799)

Income Tax Expense (Benefit) 80,258 28,154 63,589 153,120 (75,084)

Net Income (Loss) $348,147 $196,253 $202,103 $432,521 $(197,715)

Earnings (Loss) per Share

Basic $2.45 $1.45 $1.45 $3.02 $(1.34)

Diluted $2.18 $1.28 $1.21 $2.53 $(1.34)

Weighted-Average Shares Outstanding Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Weighted-Average Shares of Common Stock Outstanding 142,202,197 135,514,779 139,251,482 143,429,950 147,778,141

Effect of Diluted Shares* 18,086,409 19,021,107 28,333,716 28,316,646 —

Weighted-Average Diluted Shares of Common Stock Outstanding 160,288,606 154,535,886 167,585,198 171,746,596 147,778,141

*During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards and the potential share settlement impact related to CNX's Convertible Notes are antidilutive.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

Dollars in thousands 31-Mar-26 31-Dec-25 30-Sep-25 30-Jun-25 31-Mar-25

ASSETS

Current Assets:

Cash and Cash Equivalents $3,748 $779 $4,735 $3,391 $2,615

Restricted Cash 2,428 12,685 10,168 10,072 10,272

Accounts and Notes Receivable

Trade, net 209,523 264,658 141,264 180,152 246,765

Other Receivables, net 27,928 61,249 56,596 37,166 51,560

Supplies Inventories 30,108 26,201 30,822 39,318 27,591

Derivative Instruments 164,572 106,068 100,076 107,401 68,860

Prepaid Expenses 20,025 18,697 17,234 16,725 17,767

Total Current Assets 458,332 490,337 360,895 394,225 425,430

Property, Plant and Equipment:

Property, Plant and Equipment 14,222,717 14,057,224 13,839,517 13,771,249 13,667,826

Less—Accumulated Depreciation, Depletion and Amortization 6,310,588 6,193,871 6,054,758 5,912,645 5,771,499

Total Property, Plant and Equipment—Net 7,912,129 7,863,353 7,784,759 7,858,604 7,896,327

Other Non-Current Assets:

Operating Lease Right-of-Use Assets 137,987 150,310 167,893 91,546 85,666

Derivative Instruments 184,261 134,396 118,387 167,561 165,908

Goodwill 323,314 323,314 323,314 323,314 323,314

Other Intangible Assets 55,695 57,333 58,971 60,609 62,247

Restricted Cash — — 2,430 2,428 —

Other Non-Current Assets 59,465 75,403 87,469 89,580 87,817

Total Other Non-Current Assets 760,722 740,756 758,464 735,038 724,952

TOTAL ASSETS $9,131,183 $9,094,446 $8,904,118 $8,987,867 $9,046,709

LIABILITIES AND EQUITY

Current Liabilities:

Accounts Payable $162,043 $158,811 $110,649 $120,019 $144,376

Derivative Instruments 244,321 377,945 316,729 403,112 770,980

Current Portion of Finance Lease Obligations 5,106 5,095 5,080 4,338 4,335

Current Portion of Long-Term Debt 208,437 208,095 329,378 328,837 328,300

Current Portion of Operating Lease Obligations 47,486 48,453 48,140 47,819 50,082

Other Accrued Liabilities 260,356 325,976 255,313 293,558 284,820

Total Current Liabilities 927,749 1,124,375 1,065,289 1,197,683 1,582,893

Non-Current Liabilities:

Long-Term Debt 2,158,416 2,213,264 2,247,199 2,286,855 2,353,350

Finance Lease Obligations 23,716 24,991 26,209 19,229 20,304

Operating Lease Obligations 93,438 104,955 122,477 46,424 37,834

Derivative Instruments 107,944 158,368 251,206 342,613 439,769

Deferred Income Taxes 936,137 857,367 836,354 761,490 604,526

Asset Retirement Obligations 163,692 163,051 124,460 125,504 124,253

Other Non-Current Liabilities 93,511 111,059 115,351 115,356 113,006

Total Non-Current Liabilities 3,576,854 3,633,055 3,723,256 3,697,471 3,693,042

TOTAL LIABILITIES 4,504,603 4,757,430 4,788,545 4,895,154 5,275,935

Stockholders' Equity:

Common Stock 1,420 1,427 1,360 1,420 1,456

Capital in Excess of Par Value 2,356,077 2,357,039 2,254,021 2,298,970 2,324,116

Preferred Stock — — — — —

Retained Earnings 2,274,690 1,984,229 1,865,695 1,797,896 1,450,844

Accumulated Other Comprehensive Loss (5,607) (5,679) (5,503) (5,573) (5,642)

TOTAL STOCKHOLDERS' EQUITY 4,626,580 4,337,016 4,115,573 4,092,713 3,770,774

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $9,131,183 $9,094,446 $8,904,118 $8,987,867 $9,046,709

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Dollars in thousands

Cash Flows from Operating Activities: Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Net Income (Loss) $348,147 $196,253 $202,103 $432,521 ($197,715)

Depreciation, Depletion and Amortization 134,613 145,134 149,323 152,595 127,062

Amortization of Deferred Financing Costs 2,500 2,650 2,713 2,701 2,668

Stock-Based Compensation 5,685 4,614 5,165 5,084 8,816

Gain on Asset Sales and Abandonments, net (6,365) (2,410) (67,460) (17,715) (9,583)

Loss on Debt Extinguishment 12,009 842 — — —

(Gain) Loss on Commodity Derivative Instruments (3,981) (72,065) (131,695) (421,121) 528,220

Net Cash (Paid) Received in Settlement of Commodity Derivative Instruments (288,435) 18,441 10,405 (84,097) (88,285)

Deferred Income Taxes 78,743 21,070 74,838 156,938 (91,636)

Other 463 (4) 1,351 (605) 1,097

Changes in Operating Assets:

Accounts and Notes Receivable 62,958 (115,678) 39,266 81,874 (72,103)

Supplies Inventories (3,907) 4,621 8,496 (11,727) (13,019)

Prepaid Expenses (1,329) (1,463) (509) 1,042 (2,108)

Changes in Other Assets 14,932 (350) (291) (103) 23,277

Changes in Operating Liabilities:

Accounts Payable (9,444) 39,583 (17,917) (13,453) 13,396

Accrued Interest (25,451) 20,452 (21,309) 20,335 (14,419)

Other Operating Liabilities (26,162) 39,258 (20,769) (24,184) 24,565

Changes in Other Liabilities (17,463) (3,900) 51 2,407 (24,577)

Net Cash Provided by Operating Activities 277,513 297,048 233,761 282,492 215,656

Cash Flows from Investing Activities:

Capital Expenditures (169,906) (174,414) (75,544) (113,565) (131,465)

Proceeds from Asset Sales 32,428 2,449 67,793 20,783 16,630

Investments in Equity Affiliates (565) 7,322 — (2,140) (1,163)

Apex Acquisition (Net of Cash Acquired) (10,255) — — — (517,599)

Net Cash Used in Investing Activities (148,298) (164,643) (7,751) (94,922) (633,597)

Cash Flows from Financing Activities:

Payments on Long-Term Notes (507,965) — — — —

Proceeds from CNXM Revolving Credit Facility Borrowings 134,650 86,300 72,500 88,175 92,250

Repayments of CNXM Revolving Credit Facility Borrowings (62,400) (74,050) (74,000) (88,875) (85,600)

Proceeds from CNX Revolving Credit Facility Borrowings 496,450 352,500 436,350 365,300 772,950

Repayments of CNX Revolving Credit Facility Borrowings (620,150) (399,750) (475,550) (431,900) (463,350)

Proceeds from Issuance of CNX Senior Notes 500,000 — — — 198,500

Payments on Other Debt (1,265) (1,375) (1,181) (948) (960)

Proceeds from Issuance of Common Stock 1,506 1,108 56 110 820

Shares Withheld for Taxes (15,216) (167) (348) (406) (13,086)

Purchases of Common Stock (54,039) (100,335) (182,374) (115,714) (125,138)

Debt Issuance and Financing Fees (8,074) (505) (21) (308) (631)

Net Cash (Used in) Provided by Financing Activities (136,503) (136,274) (224,568) (184,566) 375,755

Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (7,288) (3,869) 1,442 3,004 (42,186)

Cash, Cash Equivalents and Restricted Cash at Beginning of Period 13,464 17,333 15,891 12,887 55,073

Cash, Cash Equivalents and Restricted Cash at End of Period $6,176 $13,464 $17,333 $15,891 $12,887

MARKET MIX AND NATURAL GAS PRICE RECONCILIATION

2026E

Gas Sold (%)(1)

Basis(2)

Eastern Gas-South 27% ($0.82)

ETNG Mainline 4% ($0.58)

TCO Pool 22% ($0.69)

TETCO ELA & WLA 2% ($0.43)

TETCO M3 2% $0.00

TETCO M2 26% ($0.85)

Michcon 8% ($0.38)

Physical basis sales 9% ($0.31)

Weighted Average Basis 100% ($0.64)

NYMEX $3.64

Weighted Average Basis (Not considering hedging) ($0.64)

Realized Price (per MMBtu) $3.00

Conversion Factor (MMBtu/Mcf) 1.063

Realized Price Before Financial Hedging (per Mcf) $3.19

(1) Individual market percentages exclude physical basis sales, which are shown separately.

(2) Reflects actual realized basis for three months ended March 31; April - December forward market basis prices as of 4/15/2026.

PRICE AND COST DATA (PER MCFE) - NON-GAAP

Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Average Sales Price - Natural Gas $4.74 $3.12 $2.43 $2.84 $3.66

Average Gain (Loss) on Natural Gas Commodity Derivative Instruments - Cash Settlement ($1.59) ($0.42) $0.15 ($0.23) ($0.81)

Average Sales Price - Oil and Condensate* $9.68 $8.83 $9.49 $8.74 $9.61

Average Sales Price - NGLs* $4.59 $3.15 $3.04 $3.58 $4.42

Average Sales Price of Natural Gas, NGL and Oil, including Cash Settlement

$3.28 $2.75 $2.62 $2.68 $2.99

Lease Operating Expense (LOE) $0.14 $0.14 $0.17 $0.16 $0.16

Production, Ad Valorem, and Other Fees $0.06 $0.04 $0.05 $0.05 $0.05

Transportation, Gathering and Compression $0.67 $0.62 $0.60 $0.58 $0.64

Depreciation, Depletion and Amortization (DD&A) $0.85 $0.92 $0.89 $0.88 $0.83

Total Natural Gas, NGL and Oil Production Costs

$1.72 $1.72 $1.71 $1.67 $1.68

Total Natural Gas, NGL and Oil Production Cash Costs, before DD&A

$0.87 $0.80 $0.82 $0.79 $0.85

Natural Gas, NGL and Oil Production Cash Margin, before DD&A $2.41 $1.95 $1.80 $1.89 $2.14

Fully Burdened Cash Costs, before DD&A(1)

$0.95 $1.11 $1.09 $1.05 $1.11

Fully Burdened Cash Margin, before DD&A $2.33 $1.64 $1.53 $1.63 $1.88

Note: "Total Natural Gas, NGL and Oil Production Costs" excludes Selling, General, and Administration and Other Operating Expenses.

*NGLs, Oil, and Condensate are converted to Mcfe at the rate of one barrel equals six Mcf based upon the approximate relative energy content of oil and natural gas, which is not indicative of the relationship of oil, NGLs, condensate, and natural gas prices.

(1) Fully burdened cash costs include production cash costs, selling, general and administrative (SG&A) cash costs, other operating cash expense, other cash expense (income), other revenue and operating income, and cash interest expense.

Q1 2026, Q4 2025, Q3 2025, Q2 2025 and Q1 2025 total fully burdened cash costs exclude a (gain)/loss on asset sales of ($0.04) per Mcfe, ($0.02) per Mcfe,($0.42) per Mcfe, ($0.11) per Mcfe and $0.06 per Mcfe, respectively. Q1 2026, Q4 2025, Q3 2025, Q2 2025 and Q1 2025 exclude unrealized losses on interest rate swaps and noncash amortization of $0.02 per Mcfe, $0.02 per Mcfe, $0.02 per Mcfe, $0.02 per Mcfe and $0.02 per Mcfe, respectively. Q1 2026, Q4 2025, Q3 2025, Q2 2025 and Q1 2025, exclude loss on debt extinguishment and inventory adjustments of $0.08 per Mcfe, $0.01 per Mcfe, $0.00 per Mcfe, $0.00 per Mcfe and $0.01 per Mcfe, respectively.

Natural Gas Price Reconciliation Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

NYMEX Natural Gas ($/MMBtu) $5.04 $3.55 $3.07 $3.44 $3.65

Average Differential (0.55) (0.62) (0.77) (0.76) (0.26)

BTU Conversion (MMBtu/Mcf)* 0.25 0.19 0.12 0.15 0.27

Average Gain (Loss) on Natural Gas Commodity Derivative Instruments - Cash Settlement (1.59) (0.42) 0.15 (0.23) (0.81)

Realized Natural Gas Price per Mcf $3.15 $2.70 $2.57 $2.61 $2.85

*Conversion factor 1.06 1.07 1.05 1.06 1.08

GUIDANCE

PREVIOUS UPDATED

($ in millions) 2026E 2026E

Low High Low High

Production Volumes (Bcfe) 605 - 620 605 - 620

% Liquids ~7% - ~8% ~7% - ~8%

% of Natural Gas Hedged 81% 81%

Prices on Open Volumes(1)

Natural Gas NYMEX ($/MMBtu) $4.07 $3.64

Natural Gas Differential ($/MMBtu) ($0.56) ($0.64)

NGL Realized Price ($/Bbl) ~$20.75 ~$24.75

($ in millions)

Adjusted EBITDAX(2)

$1,310 - $1,360 $1,265 - $1,315

Capital Expenditures

Drilling & Completions (D&C) $390 - $410 $390 - $410

Non-D&C $150 - $160 $150 - $160

Base Capital Expenditures $540 - $570 $540 - $570

Utica Shale rights payment $16 - $16 $16 - $16

Total Capital Expenditures 556 - 586 556 - 586

Environmental Attributes Sales Free Cash Flow (FCF) Impact(2)

~$70 ~$70

Free Cash Flow (FCF)(2)(3)

~$550 ~$525

FCF Per Share(2)(3)(4)

~$3.55 ~$3.41

(1) Forward market prices for 2026 guidance as of 4/15/2026.

(2) Non-GAAP measures. See “Non-GAAP Financial Measures” for definitions.

(3) Guidance for FCF includes approximately $45 million in expected asset sales in 2026 and approximately $20 million from the sale of 45Z tax credits for 8 months of remediation activities in 2025.

(4) Previous guidance for 2026 FCF per share based on shares outstanding of 142,402,658, as of 1/23/2026, plus 12.4 million net shares expected to be issued to settle the remaining CNX Convertible Notes. Updated guidance for 2026 FCF per share based on shares outstanding of 141,477,594, as of 4/15/2026, plus 12.4 million net shares expected to be issued to settle the remaining CNX Convertible Notes.

2026E ACTIVITY SUMMARY TIL

Average Lateral Length(1)

SWPA Marcellus 24 13,750

CPA Marcellus 3 7,880

Utica 7 13,400

Total 34

(1) Measured in lateral feet from perforation to perforation.

YEAR END 2025 ACREAGE AND UNDEVELOPED LOCATION UPDATE

YE2024 MARCELLUS ACREAGE YE2025 MARCELLUS ACREAGE

SWPA Central Greater TOTAL SWPA SWPA Central Greater TOTAL SWPA

Total Net Acres 108,000 26,600 134,600 Total Net Acres 106,400 26,300 132,700

Net Developed Acres 66,800 3,600 70,400 Net Developed Acres 70,900 3,600 74,600

Net Undeveloped Acres 41,200 23,000 64,200 Net Undeveloped Acres 35,500 22,700 58,100

WV SHR/PENS East TOTAL WV WV SHR/PENS East TOTAL WV

Total Net Acres 14,300 10,900 83,900 Total Net Acres 14,300 8,900 81,900

Net Developed Acres 10,900 800 11,700 Net Developed Acres 10,900 800 11,700

Net Undeveloped Acres 3,400 10,100 72,200 Net Undeveloped Acres 3,400 8,100 70,200

CPA South North TOTAL CPA CPA South North TOTAL CPA

Total Net Acres 112,500 87,200 301,000 Total Net Acres 151,100 87,200 340,100

Net Developed Acres 6,400 1,000 7,300 Net Developed Acres 21,500 1,000 22,400

Net Undeveloped Acres 106,100 86,200 293,700 Net Undeveloped Acres 129,600 86,200 317,700

OH TOTAL OH OH TOTAL OH

Total Net Acres 8,300 Total Net Acres 1,700

Net Developed Acres 200 Net Developed Acres 200

Net Undeveloped Acres 8,100 Net Undeveloped Acres 1,500

Total Net Acres 527,800 Total Net Acres 556,400

YE2024 UTICA ACREAGE YE2025 UTICA ACREAGE

SWPA Central Greater TOTAL SWPA SWPA Central Greater TOTAL SWPA

Total Net Acres 113,900 56,000 169,800 Total Net Acres 113,000 56,100 169,100

Net Developed Acres 8,200 — 8,200 Net Developed Acres 8,200 — 8,200

Net Undeveloped Acres 105,700 56,000 161,600 Net Undeveloped Acres 104,800 56,100 160,900

WV SHR/PENS East TOTAL WV WV SHR/PENS East TOTAL WV

Total Net Acres 11,600 84,300 133,600 Total Net Acres 11,400 82,500 131,600

Net Developed Acres — — — Net Developed Acres — — —

Net Undeveloped Acres 11,600 84,300 133,600 Net Undeveloped Acres 11,400 82,500 131,600

CPA South North TOTAL CPA CPA South North TOTAL CPA

Total Net Acres 113,800 86,900 238,800 Total Net Acres 126,200 87,000 247,700

Net Developed Acres 3,400 200 3,600 Net Developed Acres 8,300 200 8,400

Net Undeveloped Acres 110,400 86,700 235,200 Net Undeveloped Acres 117,900 86,800 239,300

OH Dry TOTAL OH OH Dry TOTAL OH

Total Net Acres 15,600 63,500 Total Net Acres 15,400 63,400

Net Developed Acres 13,200 13,200 Net Developed Acres 13,200 13,200

Net Undeveloped Acres 2,400 50,300 Net Undeveloped Acres 2,200 50,200

Total Net Acres 605,700 Total Net Acres 611,800

Note: The YE2025 acreage does not include the Utica Shale rights across approximately 23,000 acres that CNX agreed to acquire beneath the Apex Energy footprint since the transaction closed in Q1 2026.

Acres by type curve area do not equal total acres because some CNX-controlled acres fall outside of identified type curve areas. The table includes results of leasing activity and expirations; and future development, lateral lengths and inter-lateral spacing, will ultimately vary as the assets are developed.

Non-GAAP Measures (Definitions, Purpose, and Reconciliations)

CNX's management uses certain non-GAAP financial measures for planning, forecasting and evaluating business and financial performance, and believes that they are useful for investors in analyzing the company. Although these are not measures of performance calculated in accordance with generally accepted accounting principles (GAAP), management believes that these financial measures are useful to an investor in evaluating CNX because (i) analysts utilize these metrics when evaluating company performance and have requested this information as of a recent practicable date, (ii) these metrics are widely used to evaluate a company’s operating performance, and (iii) we want to provide updated information to investors. Investors should not view these metrics as a substitute for measures of performance that are calculated in accordance with GAAP. In addition, because all companies do not calculate these measures identically, these measures may not be comparable to similarly titled measures of other companies.

Definitions: EBIT is defined as earnings before deducting net interest expense (interest expense less interest income) and income taxes. EBITDAX is defined as earnings before deducting net interest expense (interest expense less interest income), income taxes, depreciation, depletion and amortization, and exploration. Adjusted EBITDAX is defined as EBITDAX after adjusting for the discrete items listed below. Although EBIT, EBITDAX, and adjusted EBITDAX are not measures of performance calculated in accordance with generally accepted accounting principles, management believes that they are useful to an investor in evaluating CNX Resources because they are widely used to evaluate a company's operating performance. We exclude stock-based compensation from adjusted EBITDAX because we do not believe it accurately reflects the actual operating expense incurred during the relevant period and may vary widely from period to period irrespective of operating results. Investors should not view these metrics as a substitute for measures of performance that are calculated in accordance with generally accepted accounting principles. In addition, because all companies do not calculate EBIT, EBITDAX or adjusted EBITDAX identically, the presentation here may not be comparable to similarly titled measures of other companies. Sales of natural gas, NGL and oil, including cash settlements excludes the impacts of changes in the fair value of commodity derivative instruments prior to settlement, which are often volatile, and only includes the impact of settled commodity derivative instruments. Natural gas, NGL and oil production costs excludes certain expenses that are not directly related to CNX’s natural gas producing activities and are managed outside our production operations. Adjusted Net Income (Loss) is defined as net income after adjusting for the discrete items listed below as well as the tax effectiveness. Operating Margins are defined as adjusted EBIT divided by Total Revenue after adjusting for unrealized (gain) loss on commodity derivative instruments. Adjusted Trailing-Twelve-Months (TTM) EBITDAX is defined as EBITDAX over the trailing-twelve-months after adjusting for the discrete items listed below. Cash Operating Margins are defined as adjusted EBITDA divided by total Revenue after adjusting for unrealized (gain) loss on commodity derivative instruments. Net Debt is defined as total long-term debt minus cash, cash equivalents, and restricted cash. Adjusted Net Debt is defined as total long-term debt plus the historical impact of recent accounting pronouncement, minus cash, cash equivalents, and restricted cash. Free Cash Flow (FCF) is defined as net cash provided by operating activities minus capital expenditures plus proceeds from asset sales and minus investments in equity affiliates.

Reconciliations of EBIT, EBITDAX, adjusted EBITDAX, adjusted EBIT, adjusted EBITDA, sales of natural gas, NGL and oil, including cash settlements, natural gas, NGL and oil production costs, adjusted net income, operating margins, cash operating margins, net debt, adjusted net debt, adjusted TTM EBITDAX and FCF to the most directly comparable GAAP financial measures are as follows:

Non-GAAP Measures

Sales of Natural Gas, NGL and Oil, including cash settlements excludes the impacts of changes in the fair value of commodity derivative instruments prior to settlement, which are often volatile, and only includes the impact of settled commodity derivative instruments. Sales of Natural Gas, NGL and Oil, including cash settlements is a non-GAAP measure that excludes purchased gas revenue and other revenue and operating income, which are not directly related to CNX’s natural gas producing activities. Natural Gas, NGL and Oil Production Costs is a non-GAAP measure that excludes certain expenses that are not directly related to CNX’s natural gas producing activities and are managed outside our production operations (See Note 21 - Segment Information of the Notes to the Audited Consolidated Financial Statements in Item 8 of CNX's 2025 Annual Report on Form 10-K as filed with the SEC on February 10, 2026). These expenses include, but are not limited to, interest expense and other corporate expenses such as selling, general and administrative costs in the current periods presented.

(Dollars in millions) Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Total Revenue and Other Operating Income $787 $611 $584 $962 $82

(Deduct) Add:

Purchased Gas Revenue (13) (15) (9) (10) (11)

Unrealized (Gain) Loss on Commodity Derivative Instruments (226) (130) (110) (456) 418

Other Revenue and Operating Income (48) (47) (42) (46) (48)

Sales of Natural Gas, NGL and Oil, including Cash Settlements, a Non-GAAP Financial Measure $500 $419 $423 $450 $441

Total Operating Expense $312 $342 $341 $346 $319

(Deduct):

Depreciation, Depletion and Amortization (DD&A) - Corporate (6) (5) (5) (4) (6)

Exploration and Production Related Other Costs (4) (5) (2) (2) (2)

Purchased Gas Costs (12) (14) (9) (9) (11)

Selling, General and Administrative Costs (32) (42) (30) (29) (39)

Other Operating Income (Expense) 4 (15) (19) (21) (14)

Natural Gas, NGL and Oil Production Costs, a Non-GAAP Financial Measure1

$262 $261 $276 $281 $247

1 Natural Gas, NGL and Oil production costs consists primarily of lease operating expense, production ad valorem and other fees, transportation, gathering and compression and production related depreciation, depletion and amortization.

Non-GAAP Measures

EBIT is defined as earnings before deducting net interest expense (interest expense less interest income) and income taxes. EBITDAX is defined as earnings before deducting net interest expense (interest expense less interest income), income taxes, depreciation, depletion and amortization, and exploration. Adjusted EBITDAX is defined as EBITDAX after adjusting for the discrete items listed below.

(Dollars in millions) Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Net Income (Loss) $348 $196 $202 $433 ($198)

Interest Expense 41 42 43 43 42

Interest Income — — — (1) —

Income Tax Expense (Benefit) 80 28 64 153 (75)

Earnings (Loss) Before Interest & Taxes (EBIT) 469 266 309 628 (231)

Depreciation, Depletion & Amortization 135 145 149 153 127

Exploration Expense 4 5 2 2 2

Earnings (Loss) Before Interest, Taxes, DD&A and Exploration (EBITDAX) $608 $416 $460 $783 ($102)

Adjustments:

Unrealized (Gain) Loss on Commodity Derivative Instruments (226) (130) (110) (456) 418

Gain on Non-Core Asset Sale — — (57) — —

Stock-Based Compensation 6 5 5 5 9

Loss on Debt Extinguishment 12 1 — — —

Total Pre-tax Adjustments (208) (124) (162) (451) 427

Adjusted EBITDAX $400 $292 $298 $332 $325

Adjusted Net Income is defined as net income after adjusting for the discrete items listed below as well as the related tax effect.

(Dollars in millions) Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Net Income (Loss) from EBITDAX Reconciliation $348 $196 $202 $433 ($198)

Adjustments:

Total Pre-tax Adjustments from EBITDAX Reconciliation (208) (124) (162) (451) 427

Tax Effect of Adjustments 53 31 42 119 (113)

Adjusted Net Income $193 $103 $82 $101 $116

Non-GAAP Measures

Operating Margin: Adjusted EBIT divided by Total Revenue and Other Operating Income after adjusting for unrealized (gain) loss on commodity derivative instruments.

(Dollars in millions) Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Total Revenue and Other Operating Income $787 $611 $584 $962 $82

Net Income (Loss) $348 $196 $202 $433 ($198)

Interest Expense 41 42 43 43 42

Interest Income — — — (1) —

Income Tax Expense (Benefit) 80 28 64 153 (75)

Earnings (Loss) Before Interest & Taxes (EBIT) 469 266 309 628 (231)

Depreciation, Depletion & Amortization 135 145 149 153 127

Earnings (Loss) Before Interest, Taxes, DD&A (EBITDA) $604 $411 $458 $781 ($104)

Adjustments:

Unrealized (Gain) Loss on Commodity Derivative Instruments ($226) ($130) ($110) ($456) $418

Total Adjustments ($226) ($130) ($110) ($456) $418

Total Revenue and Other Operating Income Minus Unrealized (Gain) Loss on Commodity Derivative Instruments $561 $481 $474 $506 $500

Adjusted EBIT $243 $136 $199 $172 $187

Operating Margin 43 % 28 % 42 % 34 % 37 %

Non-GAAP Measures

Cash Operating Margin: Adjusted EBITDA divided by Total Revenue and Other Operating Income after adjusting for unrealized (gain) loss on commodity derivative instruments, stock based compensation and the other discrete items listed below.

(Dollars in millions) Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025

Total Revenue and Other Operating Income $787 $611 $584 $962 $82

Net Income (Loss) $348 $196 $202 $433 ($198)

Interest Expense 41 42 43 43 42

Interest Income — — — (1) —

Income Tax Expense (Benefit) 80 28 64 153 (75)

Earnings (Loss) Before Interest & Taxes (EBIT) 469 266 309 628 (231)

Depreciation, Depletion & Amortization 135 145 149 153 127

Earnings (Loss) Before Interest, Taxes, DD&A (EBITDA) $604 $411 $458 $781 ($104)

Adjustments:

Unrealized (Gain) Loss on Commodity Derivative Instruments $(226) $(130) ($110) ($456) $418

Gain on Non-Core Asset Sale — — (57) — —

Stock-Based Compensation 6 5 5 5 9

Loss on Debt Extinguishment 12 1 — — —

Total Adjustments ($208) ($124) ($162) ($451) $427

Total Revenue and Other Operating Income Minus Unrealized (Gain) Loss on Commodity Derivative Instruments $561 $481 $474 $506 $500

Adjusted EBITDA $396 $287 $296 $330 $323

Cash Operating Margin 71 % 60 % 62 % 65 % 65 %

Non-GAAP Measures

Management uses net debt to determine the company's outstanding debt obligations that would not be readily satisfied by its cash, cash equivalents, and restricted cash on hand. Management believes that using net debt is useful to investors in determining the company's leverage ratio since the company could choose to use its cash, cash equivalents, and restricted cash to retire debt.

Net Debt: Total long-term debt minus cash, cash equivalents, and restricted cash.

Adjusted Net Debt: Total long-term debt, plus the historical impact of accounting pronouncement, minus cash, cash equivalents, and restricted cash.

(Dollars in millions)

Net Debt 31-Mar-26 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 30-Sep-20

Total Long-Term Debt (GAAP)(1)

$2,367 $2,421 $2,166 $2,214 $2,206 $2,214 $2,424 $2,600

Less: Cash, Cash Equivalents, and Restricted Cash 6 13 55 — 21 4 22 156

Net Debt $2,361 $2,408 $2,111 $2,214 $2,185 $2,210 $2,402 $2,444

(1) Includes current portion

(Dollars in millions)

Adjusted Net Debt 31-Mar-26 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 30-Sep-20

Total Long-Term Debt (GAAP)(1)

$2,367 $2,421 $2,166 $2,214 $2,206 $2,214 $2,424 $2,600

Plus: Impact of Recent Accounting Pronouncement(2)

— — — — — 82 98 101

Less: Cash, Cash Equivalents, and Restricted Cash 6 13 55 — 21 4 22 156

Adjusted Net Debt $2,361 $2,408 $2,111 $2,214 $2,185 $2,292 $2,500 $2,545

(1) Includes current portion

(2) On January 1, 2022, the Company adopted Accounting Standards Update (ASU) 2020-06 - Accounting for Convertible Instruments and Contracts in an Entity's Own Equity and upon adoption long-term debt increased by $82MM (See Note 12 - Long-Term Debt in the Notes to the Audited Consolidated Financial Statements in Item 8 of CNX’s December 31, 2022 Form 10-K for additional information). As this adjustment was recorded on a prospective basis, Management believes that presenting investors with the net debt on a historical basis would be beneficial.

Adjusted TTM EBITDAX: EBITDAX over the trailing-twelve-months after adjusting for the discrete items listed below.

Three Months Ended Twelve Months Ended

(Dollars in millions) 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 31-Mar-26

Net Income $433 $202 $196 $348 $1,179

Interest Expense 43 43 42 41 169

Interest Income (1) — — — (1)

Income Tax Expense 153 64 28 80 325

Earnings Before Interest & Taxes (EBIT) 628 309 266 469 1,672

Depreciation, Depletion & Amortization 153 149 145 135 582

Exploration Expense 2 2 5 4 13

Earnings Before Interest, Taxes, DD&A, and Exploration (EBITDAX) 783 460 416 608 2,267

Adjustments:

Unrealized Gain on Commodity Derivative Instruments (456) (110) (130) (226) (922)

Gain on Non-Core Asset Sale — (57) — — (57)

Stock Based Compensation 5 5 5 6 21

Loss on Debt Extinguishment — — 1 12 13

Total Pre-tax Adjustments (451) (162) (124) (208) (945)

Adjusted EBITDAX TTM $332 $298 $292 $400 $1,322

Non-GAAP Measures

The Company's management believes that the following measures provide useful information to external users of the Company's consolidated financial statements, such as industry analysts, lenders and ratings agencies. Free cash flow should not be considered as alternatives to net cash provided by operating activities or any other measure of liquidity presented in accordance with GAAP.

Free Cash Flow (FCF): Net cash provided by operating activities minus capital expenditures plus proceeds from asset sales and minus investments in equity affiliates.

2026 Free Cash Flow

(Dollars in millions) Q1-2026

Net Cash Provided by Operating Activities $278

Capital Expenditures (170)

Proceeds from Asset Sales 32

Investments in Equity Affiliates (1)

Free Cash Flow $139

2025 Free Cash Flow

(Dollars in millions) Q4-2025 Q3-2025 Q2-2025 Q1-2025 YTD-2025

Net Cash Provided by Operating Activities $296 $234 $283 $216 $1,029

Capital Expenditures (174) (76) (114) (131) (495)

Proceeds from Asset Sales 3 68 21 16 108

Investments in Equity Affiliates 7 — (2) (1) 4

Free Cash Flow $132 $226 $188 $100 $646

2024 Free Cash Flow

(Dollars in millions) Q4-2024 Q3-2024 Q2-2024 Q1-2024 YTD-2024

Net Cash Provided by Operating Activities $269 $170 $192 $185 $816

Capital Expenditures (105) (115) (152) (168) (540)

Proceeds from Asset Sales 37 8 7 8 60

Investments in Equity Affiliates (2) (3) — — (5)

Free Cash Flow $199 $60 $47 $25 $331

2023 Free Cash Flow

(Dollars in millions) Q4-2023 Q3-2023 Q2-2023 Q1-2023 YTD-2023

Net Cash Provided by Operating Activities $161 $206 $199 $248 $814

Capital Expenditures (107) (206) (196) (170) (679)

Proceeds from Asset Sales 8 19 132 11 170

Free Cash Flow $62 $19 $135 $89 $305

2022 Free Cash Flow

(Dollars in millions) Q4-2022 Q3-2022 Q2-2022 Q1-2022 YTD-2022

Net Cash Provided by Operating Activities $442 $265 $192 $336 $1,235

Capital Expenditures (173) (134) (137) (122) (566)

Proceeds from Asset Sales 7 4 7 20 38

Free Cash Flow $276 $135 $62 $234 $707

2021 Free Cash Flow

(Dollars in millions) Q4-2021 Q3-2021 Q2-2021 Q1-2021 YTD-2021

Net Cash Provided by Operating Activities $254 $215 $239 $219 $927

Capital Expenditures (117) (97) (129) (123) (466)

Proceeds from Asset Sales 21 12 7 5 45

Free Cash Flow $158 $130 $117 $101 $506

2020 Free Cash Flow

(Dollars in millions) Q4-2020 Q3-2020 Q2-2020 Q1-2020 YTD-2020

Net Cash Provided by Operating Activities $161 $223 $144 $267 $795

Capital Expenditures (92) (108) (135) (152) (487)

Proceeds from Asset Sales 16 6 12 14 48

Free Cash Flow $85 $121 $21 $129 $356

Risk Factors

This presentation, including the oral statements made in connection herewith, contains forward-looking statements estimates and projections within the meaning of the federal securities laws. Statements that are not historical are forward-looking and may include our operational and strategic plans; estimates of gas reserves and resources; projected timing and rates of return of future investments; and projections and estimates of future production revenues, income and capital spending. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those statements estimates and projections. Investors should not place undue reliance on forward-looking statements as a prediction of future actual results. The forward-looking statements in this presentation speak only as of the date of this presentation; we disclaim any obligation to update the statements, and we caution you not to rely on them unduly.

Specific factors that could cause future actual results to differ materially from the forward-looking statements are described in detail under the captions “Cautionary Statement Regarding Forward-looking Statements” and “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (SEC) on February 10, 2026, as supplemented by our quarterly reports on Form 10-Q, and any other reports filed with the SEC. Those risk factors discuss, among other matters, pricing volatility or pricing decline for natural gas and NGLs; local, regional and national economic conditions and the impact they may have on our customers; events beyond our control, including a global or domestic health crisis or global instability; our operations and national and global economic conditions, generally; conditions in the oil and gas industry; the financial condition of our customers; any nonperformance by customers of their contractual obligations; changes in customer, employee or supplier relationships; ability to quality for environmental attribute credits and the volatility of environmental attribute markets; and changes in safety, health, environmental and other regulations.

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Cover Page Cover Page

Apr. 30, 2026

Entity Information [Line Items]

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CNX Resources Corporation

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CNX Center

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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No definition available.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true only for a security having no trading symbol.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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