3 unchanged sentences
The following performance graph compares the yearly percentage change in the cumulative total shareholder return on the common stock of CNX to the cumulative shareholder return for the same period of a peer group and the Standard & Poor's 500 Stock Index.
−Removed: The current peer group is comprised of CNX, Antero Resources Corporation, Chesapeake Energy Corporation, EQT Corporation, Gulfport Energy Corporation, Range Resources Corporation and Southwestern Energy Co.
+Added: The current peer group is comprised of CNX, Antero Resources Corporation, Expand Energy Corporation, EQT Corporation, Gulfport Energy Corporation and Range Resources Corporation.
The graph assumes that the value of the investment in CNX common stock and each index was $100 at December 31, 2019.
6 unchanged sentences
The above information is being furnished pursuant to Regulation S-K, Item 201(e) (Performance Graph).
−Removed: The determination to declare and pay dividends is made by CNX's Board of Directors.
+Added: The declaration and payment of dividends by CNX is subject to the discretion of CNX's Board of Directors, and no assurance can be given that CNX will pay dividends in the future.
CNX has not paid dividends on its common stock since 2016.
−Removed: Any determination to pay dividends in the future will depend upon, among other things, general business conditions, CNX’s financial results, contractual and legal restrictions regarding the payment of dividends by CNX, planned investments by CNX, and other factors as the Board of Directors deems relevant.
−Removed: The Company's Credit Facility currently limits CNX's ability to pay dividends in excess of an annual rate of $0.10 per share when the Company's net leverage ratio exceeds 3.00 to 1.00 and is subject to availability under the Credit Facility of at least 20% of the aggregate commitments and there being no borrowing base deficiency.
−Removed: The Credit Facility does not permit such dividend payments when an event of default has occurred and is continuing.
−Removed: The indentures to the 7.25% Senior Notes due March 2027, the 6.00% Senior Notes due January 2029, and the 7.375% Senior Notes due January 2031 limit dividends to $0.50 per share annually unless several conditions are met.
−Removed: These conditions include no defaults, ability to incur additional debt and other payment limitations under the indentures.
−Removed: There were no defaults under the Company’s Credit Facility or Notes in the year ended December 31, 2023.
−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: The determination to pay dividends in the future will depend upon, among other things, general business conditions, CNX's financial results, contractual and legal restrictions regarding the payment of dividends by CNX, planned investments by CNX, and such other factors as CNX’s Board of Directors deems relevant.
+Added: In addition, CNX’s ability to pay dividends is limited by the covenants governing the CNX Credit Facility and the indentures governing certain of CNX’s Senior Notes.
+Added: Purchases of Equity Securities by the Issuer
The following table sets forth repurchases of our common stock during the three months ended December 31, 2024:
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Total 602,785 600,064
−Removed: (1) Includes shares withheld from employees to satisfy minimum tax withholding obligations associated with the vesting of restricted stock during the period.
−Removed: (2) Shares repurchased as part of the Company's current $2,900 million share repurchase program authorized by the Board of Directors, which is not subject to an expiration date.
+Added: (1) Includes shares of common stock withheld from employees to satisfy minimum tax withholding obligations associated with the vesting of restricted stock during the period.
+Added: (2) Shares repurchased as part of the Company's current $2,900 million share repurchase program authorized by CNX’s Board of Directors, which is not subject to an expiration date.
See Note 5 – Stock Repurchase in the Notes to the Audited Consolidated Financial Statements in Item 8 of this Form 10-K for additional information.
1 unchanged sentence
“Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” for information relating to CNX's equity compensation plans.
−Removed: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.