CNX Resources Corporation

Good day and welcome to the CNX Resources 2025 fourth quarter Q&A conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your questions, Vice President of Finance and Treasurer. Please go ahead.

Thank you, and good morning, everybody. Welcome to CNX's fourth quarter Q&A conference call. Today, we will be answering questions related to our fourth quarter results. This morning, we posted to our investor relations website an updated slide presentation and detailed fourth quarter earnings release data, such as quarterly E&P data, financial statements, and non-GAAP reconciliations. which can be found in a document titled 4Q 2025 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, as the call today will be used for Q&A. With me today for Q&A are Alan Shepard, our President and Chief Executive Officer, Everett Good, our Chief Financial Officer, and Navneet Bell, our Chief Operating Officer. 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 in CNX's business is contained in its filings with the Securities and Exchange Commission, and in the release issued today. Before we get into Q&A, I'm going to turn it over to Alan for a couple of comments related to the recent cold weather events. Alan?

Thanks, Tyler, and good morning, everyone. We normally don't provide opening remarks on these calls, but I'd be remiss today if I didn't take a moment to acknowledge the hard work and incredible efforts of not just our CNX team, but of all the men and women of the natural gas industry who are working to keep the heat and lights on across America during this extraordinary cold weather event we are experiencing. Speaking on behalf of myself, everyone in the room with me, and all of our fellow citizens who are staying warm today, thank you for everything you've done, everything you will continue to do in the days, weeks, and years ahead. With that being said, operator, can you please now open the line for questions?