Leadership Transition - Alan Shepard will become the President and CEO of CNX Resources Corporation effective January 1, 2026, succeeding Nick Deiuliis, who will retire at the end of 2025 after 35 years with the company [1][2] - Nick Deiuliis will remain engaged with CNX as a member of its Board of Directors after his retirement [1] - Alan Shepard has over 20 years of experience in the energy sector and has been with CNX since 2020, serving as CFO since June 2022 and President since June 2025 [1][2] Company Strategy and Vision - Alan Shepard emphasized the company's commitment to optimizing long-term per-share value, prudent capital allocation, and innovation to deliver value for stakeholders [2] - CNX Resources Corporation focuses on being a leading Appalachian energy company with a sustainable business model [2] Company Overview - CNX Resources Corporation is a premier, ultra-low carbon intensive natural gas development and production company based in Appalachia, with a significant asset base and a legacy of 161 years [3] - As of December 31, 2024, CNX had 8.54 trillion cubic feet equivalent of proved natural gas reserves [3]

Core Viewpoint - CNX Resources Corporation has promoted Alan Shepard to President while retaining his role as Chief Financial Officer, reflecting the company's confidence in his leadership and contributions to future growth [2]. Group 1: Leadership Changes - Alan Shepard has been promoted to President in addition to his current role as Chief Financial Officer [1][2]. - The Board of Directors unanimously approved this promotion, indicating strong support for Shepard's leadership [2]. Group 2: Company Vision and Strategy - CEO Nick Deiuliis emphasized the opportunity for CNX to create per-share value and positively impact Appalachian communities [2]. - The promotion of Shepard is seen as a recognition of his integral role in developing and executing CNX's sustainable business model and capital allocation approach [2]. Group 3: Company Overview - CNX Resources Corporation is a premier natural gas company focused on ultra-low carbon intensive development, production, and technology in Appalachia [3]. - As of December 31, 2024, CNX had 8.54 trillion cubic feet equivalent of proved natural gas reserves, showcasing its substantial asset base [3].