CNX Releases Presentation Outlining Company Investment Thesis and Capital Markets Communication Approach Following Upstream/Midstream Merger
On October 5, 2020, CNX Resources Corporation (NYSE: CNX) announced an updated investor presentation and video featuring CEO Nick DeIuliis and CFO Don Rush. The presentation highlights the company's strategic focus on organic growth within the Appalachian basin and its substantial natural gas reserves, totaling 8.4 trillion cubic feet as of December 31, 2019. CNX aims to effectively manage its capital markets communication post-merger with CNX Midstream Partners. For more information, the video and presentation can be accessed through the provided links.
- Update on investor communication strategy following merger with CNX Midstream Partners.
- Focus on organic growth strategy enhances market positioning.
- Large natural gas reserves of 8.4 trillion cubic feet provide a solid foundation for future operations.
- Potential risks associated with the merger, including difficulties in achieving expected synergies and cost savings.
- External uncertainties such as economic conditions and regulatory changes can impact performance.
PITTSBURGH, Oct. 5, 2020 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) announced today that it has released an updated investor presentation and accompanying video featuring CEO Nick DeIuliis and CFO Don Rush.
Watch the video by clicking here.
Access the presentation by clicking here.
About CNX Resources Corporation
CNX Resources Corporation (NYSE: CNX) is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. The company deploys an organic growth strategy focused on responsibly developing its resource base. As of December 31, 2019, CNX had 8.4 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information may be found at www.cnx.com.
Forward-Looking Statements
All statements in this release and the referenced video and presentation (and oral statements made regarding the subjects of this communication, including those in the referenced video), including those that express a belief, expectation or intention, may be considered forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended (the "Securities Act")). These forward looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results, including those referenced in the above noted communications. Without limiting the generality of the foregoing, forward-looking statements contained or referenced in this communication include statements relying on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of CNX, which could cause actual results to differ materially from such statements. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include, but are not limited to, statements regarding: the expected future performance of the company; the company's generation and anticipated use of free cash flow, including any tax refund proceeds; and plans and objectives of management for future operations. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. While CNX believes that the assumptions concerning future events are reasonable, they caution that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of their businesses.
Among the factors that could cause results to differ materially from those indicated by such forward-looking statements are: the failure to realize the anticipated costs savings, synergies and other benefits of our completed merger with CNX Midstream Partners LP; local, regional and national economic conditions and the impact they may have on CNX and its customers; the impact of outbreaks of communicable diseases, such as the novel COVID-19 virus, on business activity, the Company's operations and national and global economic conditions, generally; conditions in the oil and gas industry, including an overabundance in the level of supply of, or sustained decrease in demand for or price of, oil or natural gas; the financial condition of CNX's customers; any non-performance by customers of their contractual obligations; changes in safety, health, environmental and other regulations; the results of any reviews, investigations or other proceedings by government authorities; and the performance of CNX.
The forward-looking statements in this release and the referenced presentation and video speak only as of the date of this release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks, contingencies and uncertainties relate to, among other matters, the risks and uncertainties set forth in the "Risk Factors" section of CNX's Annual Report on Form 10-K for the year ended December 31, 2019, and Quarterly Reports on Form 10-Q for the three month periods ended March 31, 2020 and June 30, 2020, as filed with the Securities and Exchange Commission (the "SEC"), and any subsequent reports filed with the SEC.
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SOURCE CNX Resources Corporation
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