CNX Resources Corporation
CNX Center , 1000 Consol Energy Drive , Canonsburg, Pennsylvania, United States

Focused on the future and fueled by a proud pedigree of energy leadership that stretches back more than 150 years, CNX is a premiere independent oil and gas exploration and production company with operations centered in the Appalachian Basin. Embodying a renowned spirit of innovation, were pioneering a new tomorrow through technological advancements in shale gas exploration and production in the most prolific natural gas basin in the world. Like few other companies can, were drawing on our proud past while embracing fresh thinking and leveraging the ingenuity of our people to, once again, forge a new energy future for the Pittsburgh region and beyond.

Singularly focused and poised to fuel the future

  From the well head to diverse end-user markets for natural gas, resources from the Marcellus and Utica shale are disrupting the energy paradigm at home and abroad. Low cost natural gas from the Appalachian Basin doesnt just generate the electricity that powers daily life; it also heats our homes, provides the feedstock that will ignite a manufacturing renaissance and continues to bring about great benefits to American consumers, workers and the environment.  With deep roots in Pittsburghs illustrious past and having played a vital role in powering an industrial revolution that changed the world, were now poised to responsibly fuel the regions resurgence and serve as a model of American success—today, tomorrow and always.

• 480 employees; Nearly 5,000 producing gas wells
• 507 net billion cubic feet equivalent of gas produced in 2018; 7.9 trillion cubic feet equivalent of proved gas reserves
• Member of Standard & Poors Midcap 400 Index
• Over 1 million net acres of opportunity in the Marcellus and Utica shales.

Mission Statement

At CNX, our mission is to empower our team to embrace and drive innovative change that creates long-term per share value for our investors, enhances our communities and delivers energy solutions for today and tomorrow.

Our values serve as the compass for our road map and guide every aspect of our business as we strive to achieve our corporate mission:

• Responsibility: Be a safe and compliant operator; be a trusted community partner and respected corporate citizen; act with pride and integrity.

• Ownership: Be accountable for our actions and learn from our outcomes, both positive and negative; be calculated risk-takers and seek creative ways to solve problems.

• Excellence: Be prudent capital allocators; be a lean, efficient, nimble organization; be a disciplined, reliable, performance-driven company.

Our Strong Commitment To Corporate Governance

CNX Resources Corporations Board of Directors and management team believe that corporate governance goes hand in hand with strong financial performance. Plus, we firmly believe that sound principles of corporate governance are essential in making good decisions on behalf of our shareholders, employees, and other stakeholders.  Our Board of Directors regularly reviews our governance policies to ensure that we are in compliance with applicable laws and regulations as well as best practices. On the following pages, you can find our corporate governance documents, including our Bylaws, Corporate Governance Guidelines, Code of Director Business Conduct and Ethics, Code of Employee Business Conduct and Ethics, Charters for each of our Board Committees, and Related Party Transaction Policy.

The CNX Board of Directors operates in accordance with these principles and corporate governance processes:

• CNX holds an annual election of directors, and each director must receive a majority of votes cast. Directors who are elected, but who fail to receive a majority of the votes cast, must submit an offer of resignation to the Board.
• The Board has a retirement age policy that generally provides that no member of the Board who has attained the age of 75 shall be nominated for re-election or re-appointment to the Board at the next Annual Meeting of Shareholders.
• At least a majority of the Board must be independent.
• The Audit, Compensation, and Nominating and Corporate Governance Committees of the Board are required to be composed entirely of independent directors.
• The Board has the authority to hire independent advisors.
• Each member of the Audit Committee has been deemed an Audit Committee financial expert for purposes of the Securities and Exchange Commission rules.
• Our nonemployee directors meet regularly in executive session without the presence of management.
• Our directors and executives are subject to stock ownership guidelines, and our executives are further subject to stock retention guidelines.
• We adopted an executive compensation clawback policy, which provides that we may seek to recover performance-based cash and equity incentive awards that were paid to an executive officer in the three years prior to any restatement resulting from material noncompliance with the financial reporting requirements of the securities laws.
• We have “no-hedging” and “no-pledging” policies in our insider-trading policy that generally prohibit directors and employees from engaging in hedging or pledging transactions with our stock.
• We instituted Board and management risk oversight processes and procedures.
• We conduct annual Board and Board Committee performance evaluations.
• We maintain a related-party policy administered by the Audit Committee to ensure the Board has oversight over potential transactions between CNX and its directors, executive officers and their immediate family members, and our largest shareholders.

How we are fueling America forward.

We are committed to providing the resources that power our communities and nation. And we are committed, as a company and as individuals, to doing our jobs in a way that positively impacts the communities in which we live and work.

The leader in our field. The natural gas field, that is

CNX is a leader in the natural gas industry and one of the largest independent natural gas exploration, development and production companies in the Appalachian Basin. We have access to 7.6 trillion cubic feet equivalents of proved clean-burning natural gas reserves. With a leading acreage footprint in both the Marcellus and Utica shales, CNX is at the forefront of providing the energy to power America for generations to come.