CNX Resources maintains steady production outlook into 2027
1 report, 1 independent
Updated Mon 00:00
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What happened
Alan Shepard, the new CEO of CNX Resources, stated that the company expects to maintain a steady production posture heading into 2027. He noted that U.S. gas storage is near its five-year average and could approach 4 trillion cubic feet entering winter.
From themarketsdaily.com
Why it matters
CNX Resources indicated its current outlook supports steady production because the company is 'pretty hedged' going into 2027. The company stated it would only increase output if natural-gas prices provide a strong incentive.
From themarketsdaily.com
Who's involved
- Alan ShepardCEO of CNX Resources
- CNX ResourcesUS natural gas company providing the production outlook
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The entities involved
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Alan Shepard
Canadian academic and president and vice-chancellor of Western University in London, Ontario
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CNX Resources
US natural gas company