CNX Resources Corporation (NYSE:CNX) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET

Company Participants

Tyler Lewis - Vice President, Investor Relations
Nick DeIuliis - President & Chief Executive Officer
Alan Shepard - Chief Financial Officer
Navneet Behl - Chief Operating Officer
Ravi Srivastava - President, New Technologies Group

Conference Call Participants

Zach Parham - JPMorgan
Leo Mariani - Roth MKM
Bertrand Donnes - Truist
Jake Roberts - TPH & Company

Operator

Good morning, and welcome to the CNX Resources First Quarter 2024 Q&A Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Tyler Lewis, Vice President of Investor Relations. Please go ahead.

Tyler Lewis

Thanks, and good morning everybody. Welcome to CNX's first quarter Q&A conference call. Today we will be answering questions related to our first quarter results. This morning we posted to our Investor Relations website an updated slide presentation and detailed first quarter earnings release data, such as quarterly E&P data, financial statements and non-GAAP reconciliations, which can be found in a document titled 1Q 2024 earnings results and supplemental information of CNX Resources.

Also, we posted to our Investor Relations website, our prepared remarks for the quarter, which we hope everyone had a chance to read before the call. The call today will be used exclusively for Q&A.

With me today for Q&A are Nick DeIuliis, our President and CEO; Alan Shepard, our Chief Financial Officer; Navneet Behl, our Chief Operating Officer; and Ravi Srivastava, President of our New Technologies Group.

Please note that the company's remarks made during this call including answers to questions, include forward-looking statements, which are subject to various risks and uncertainties. These statements are not guarantees of future performance and our actual results may differ materially as a result of many factors. A discussion of risks and uncertainties related to those factors and CNX’s business is contained in its filings with the Securities and Exchange Commission and in the release issued today.

With that, thank you for joining us this morning. And operator, can you please open the call for Q&A at this time

Question-and-Answer Session

Operator

We will now begin the question-and-answer session. [Operator Instructions] First question is from Zach Parham with JPMorgan. Please go ahead.

Zach Parham

Hey, thanks for taking my question. First, just wanted to ask on New Tech. Earlier this week you announced two new ventures in that business one in OFS, and one in alternative fuels. Could you just quantify the potential cash flow generation potential of these two ventures and give us some detail on the timing of these two ventures generating some cash flow.