NYSEEnergyOil & Gas Exploration & ProductionS&P MidCap 400
$34.92
-0.38 (-1.08%)
Close of Nov 06, 2026 · end-of-day data
CNX 8-K filings in 2025
Every material Form 8-K CNX Resources filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CNX Resources' Board appointed Everett Good, the company's current Vice President of Finance and Treasury, as Chief Financial Officer effective January 1, 2026. He succeeds Alan Shepard, who is set to become President and Chief Executive Officer on the same date and join the Board.
Everett Good, age 39, has been Vice President of Finance and Treasury since April 2021.
Good succeeds Alan Shepard as CFO; Shepard becomes President and CEO effective January 1, 2026.
Compensation changes tied to the CFO role will be set by the Compensation Committee at a later date.
The appointment is contingent on Good remaining an employee through the appointment date.
CNX Resources reported third quarter 2025 results in an 8-K furnished on October 30, 2025. Net income was $202.1 million, or $1.21 per diluted share, compared with $65.5 million, or $0.37 per diluted share, in the third quarter of 2024, though both measures fell from the second quarter's $432.5 million and $2.53. The company raised its 2025 guidance for adjusted EBITDAX to $1,225 million to $1,275 million and for free cash flow to about $640 million.
Net income $202.1 million in Q3 2025, versus $432.5 million in Q2 2025 and $65.5 million in Q3 2024
Diluted EPS $1.21 in Q3 2025, versus $2.53 in Q2 2025 and $0.37 in Q3 2024
Total revenue and other operating income $583.8 million in Q3 2025, versus $962.4 million in Q2 2025 and $424.2 million in Q3 2024
2025 guidance: adjusted EBITDAX raised to $1,225 million-$1,275 million from $1,200 million-$1,225 million; free cash flow raised to about $640 million from about $575 million
CNX Resources said CEO Nicholas DeIuliis will retire as chief executive on December 31, 2025, and that the board appointed CFO Alan Shepard to succeed him as President and CEO effective January 1, 2026. DeIuliis will stay on the board and remain a non-executive employee until February 2, 2026, and Shepard will join the board as the board expands from seven to eight directors.
Nicholas DeIuliis informed the company on September 17, 2025 of his plan to retire as CEO on December 31, 2025.
Alan Shepard, age 44, is currently President and CFO and will become President and CEO on January 1, 2026.
The board increased its size from seven to eight directors and elected Shepard as a member effective January 1, 2026.
Shepard's CEO compensation will be set by the Compensation Committee at a later date.
CNX Resources reported second quarter 2025 results in Exhibit 99.1 of this 8-K. Net income was $432.5 million, or $2.53 per diluted share, compared with a net loss of $197.7 million, or $1.34 per share, in the first quarter, mainly because of a $421.1 million gain on commodity derivative instruments. The company kept its 2025 adjusted EBITDAX and total free cash flow guidance unchanged, narrowed its production guidance, and raised its free cash flow per share guidance to about $4.07 from about $3.97.
Q2 2025 net income was $432.5 million (diluted EPS $2.53) versus a Q1 2025 net loss of $197.7 million (EPS of $(1.34))
Natural gas, NGL and oil revenue fell to $485.0 million from $551.1 million in Q1 2025; adjusted net income was $100 million versus $116 million in Q1
2025 production guidance narrowed to 615 to 620 Bcfe from 605 to 620 Bcfe; adjusted EBITDAX guidance stayed at $1,225 to $1,275 million
Free cash flow per share guidance rose to about $4.07 from about $3.97, based on 141,418,560 shares outstanding as of 7/15/2025
On June 11, 2025, CNX Resources' Board appointed Chief Financial Officer Alan Shepard as Company President, effective immediately, succeeding Nicholas DeIuliis in that role. DeIuliis remains Chief Executive Officer and a Board member. The filing states there is no change to Shepard's compensation tied to the appointment, and it reports no financial results.
Alan Shepard, 44, appointed President in addition to his CFO role, effective June 11, 2025
Shepard has been CFO since June 2022 and joined the company in 2020
Nicholas DeIuliis succeeded as President and continues as CEO and a Board member
No change to Shepard's compensation in connection with the appointment
CNX Resources reported first-quarter 2025 results in a Form 8-K filed April 24, 2025. The company posted a net loss of $197.7 million, or $1.34 per share, and total revenue and other operating income of $82.4 million, compared with $136.6 million in the fourth quarter of 2024. The results were driven mainly by a $528.2 million loss on commodity derivative instruments, while the 2025 production and adjusted EBITDAX guidance ranges were left unchanged.
Net loss of $197.7 million, or $1.34 per share, versus a net loss of $144.6 million in Q4 2024 and net income of $6.9 million in Q1 2024
Total revenue and other operating income of $82.4 million, down from $136.6 million in Q4 2024
Loss on commodity derivative instruments of $528.2 million, including an unrealized loss of $418 million
2025 guidance for production (605 to 620 Bcfe) and adjusted EBITDAX ($1,225 million to $1,275 million) unchanged; 2025 NYMEX natural gas price assumption lowered to $3.76 per MMBtu from $3.86
CNX Resources reported a fourth-quarter 2024 net loss of $144.6 million, or $0.97 per diluted share, compared with net income of $514.0 million, or $2.76 per diluted share, in the fourth quarter of 2023. The company's total revenue fell to $136.6 million from $968.8 million, mainly because of a $283.0 million loss on commodity derivative instruments, so shareholders face a sharp drop in reported earnings although the company also reported adjusted EBITDAX of $280 million.
Q4 2024 net loss of $144.6 million, or $0.97 per diluted share, versus net income of $514.0 million, or $2.76 per diluted share, in Q4 2023
Q4 2024 total revenue and other operating income of $136.6 million, versus $968.8 million in Q4 2023
Q4 2024 adjusted EBITDAX of $280 million, versus $262 million in Q4 2023; full-year 2024 net loss of $90.5 million
2025 guidance for adjusted EBITDAX of $1,090 million to $1,130 million; Apex Energy acquisition closed January 27, 2025, with a $505 million purchase price
CNX Resources completed a private offering of $200 million in additional 7.250% senior notes due 2032, priced at 100.500% of par with a yield to worst of 7.104%. The new notes are identical to the $400 million of notes issued in February 2024, so CNX's total notes outstanding of this series rise to $600 million, and the company plans to use the proceeds for general corporate purposes, including part of the costs of its pending Apex Energy acquisition.
$200 million of 7.250% senior notes due March 1, 2032, priced at 100.500% of par, yield to worst 7.104%
Issued as additional notes under the February 23, 2024 indenture with UMB Bank, N.A. as trustee, on identical terms to the $400 million initial notes
Proceeds for general corporate purposes, including part of transaction costs for the pending Apex Energy acquisition, and paying down revolver borrowings before that deal closes
Company may redeem notes on or after March 1, 2027 at 103.625%, declining to 100% from 2029
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CNX Resources filing is on SEC EDGAR ↗. 8-K briefs of other companies →