Cash FlowCNX's cash costs of $0.93/Mcfe were significantly below expectations, driving higher free cash flow of $188MM, which was 68% above consensus.
Financial StrategyCNX's extensive hedging strategy, with 82% hedged on 2026, provides visibility on continued buybacks and financial stability.
Operational EfficiencyCNX delivered a definitive beat in 2Q on the benefits of operating efficiency uptime and well performance, with production beat by 6% and capex 16% below consensus.