CNX Resources (CNX)
In Q1 2025, CNX successfully closed on the previously announced acquisition of Apex Energy, increasing the company’s net debt to approximately $2.7 billion. The company’s completions team set a monthly record with 504 pumping hours, up from the previous record of 443 hours. The team also broke another daily pumping hour record at 23.2 hours, compared to the previous record of 22.9 hours.
Looking ahead, the company expects to continue to execute their initial planned activity set for the remainder of 2025. CNX will continue to monitor market conditions over the coming months and will provide any updates regarding changes to capital or production guidance. CNX’s full year 2025 production guidance is unchanged from the prior reporting quarter after adjusting for the acquisition of Apex Energy
