Appalachian Basin pure-play CNX Resources Corp. is bullish on the long-term prospects for natural gas prices and demand despite the current market slump, management said Thursday.

CEO Nick Deluliis and his management team hosted a conference call to discuss second quarter earnings for Canonsburg, PA-based CNX. The company ranked No. 12 in natural gas volumes among U.S. publicly traded producers as of 1Q2023, according to NGI calculations.

“Despite some near-term cyclical challenges that the industry is currently experiencing, the long-term outlook for CNX and for the natural gas industry as being the cornerstones of our collective energy and economic future…has never been brighter,” Deluliis said.

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