CNX Resources (CNX) Cuts 2024 Production & Capital Investment

CNX Resources Corporation (CNX) , to accommodate continued lower outlook for near- term natural gas prices, decided to lower its 2024 production volumes and also reduce planned capital expenditure. The strategic move of the company will allow it from pushing incremental natural gas volumes into the current oversupplied market.Reduction in Annual GuidanceCNX Resources now expects its 2024 annual production volumes in the range of 540-560 billion cubic feet equivalent (Bcfe), down from the previous expectatio ...