CNX Resources: Expansion & Development of Utica Shale Assets Driving Our Bullishness! 

CNX Resources Corporation has delivered its fourth-quarter results for 2024, presenting a mix of opportunities and challenges. The company continues to explore new technologies and strategic initiatives across its business segments, showcasing resilience in a fluctuating energy market. On the positive side, CNX Resources highlighted its ongoing advancements in the capture and utilization of coal mine methane (CMM), which has gained federal recognition as a low-carbon intensity feedstock for hydrogen production under the 45V guidelines. This recognition validates the environmental potential of CMM, opening up opportunities not only in hydrogen production but also across various industrial sectors such as power generation and manufacturing. The company is actively pursuing monetization avenues for these environmental attributes, with promising validation seen in the pricing of CMM in manufacturing and power sectors. Free cash flow from the New Technologies segment was robust at $30 million for the fourth quarter. However, reports suggest a potential decline going into 2025 due to the timing of volume monetization, though the underlying annual run rate remains strong at around $75 million.