CNX Resources announced the expiration of its cash tender offer for its 6.00% Senior Notes due 2029, receiving valid tenders totaling $420.2 million, or 84.04% of the $500 million outstanding principal. The offer expired at 5:00 p.m. New York City time on February 23, 2026.

On the settlement date of February 26, 2026, CNX will pay $1,016.10 per $1,000 principal amount of notes validly tendered, plus accrued and unpaid interest from the last interest payment date up to, but not including, the settlement date. Interest on accepted notes will cease to accrue on the settlement date, and all purchased notes will be retired thereafter.

CNX issued a conditional notice to redeem any notes not purchased in the tender offer at 101.50% of principal plus accrued interest, with a scheduled redemption date of March 19, 2026. This redemption is contingent on closing a new senior notes offering and receipt of its net proceeds, and may be rescinded if conditions are unmet.

The tender offer and potential redemption will reduce CNX’s debt outstanding and extend its debt maturity profile through a new notes issuance. The move is expected to lower average interest costs and improve cash flow flexibility as the company reallocates free cash flow toward value-creating priorities.