CNX Resources Corporation: Update following outlook change to positive
High level of growth investment keeps CNX on the path to generate significant negative FCF in the next few years, with leverage profile supported by improved capital returns and hedging.CNX Resources is an independent oil and gas company focused on the exploration, development, production, gathering, processing and acquisition of natural gas properties primarily in the Appalachian Basin. The company's operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale. The company operates, develops and explores for natural gas in Appalachia (Pennsylvania, West Virginia, Ohio, and Virginia).
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