CNX Resources names new president in executive shift

CNX Resources Corporation (NYSE:CNX), a player in the crude petroleum and natural gas industry currently valued at $4.6 billion, announced a significant change in its executive team. According to InvestingPro data, the company’s stock has shown relatively low volatility, trading at $32.04. On June 11, 2025, the company’s Board of Directors appointed Alan Shepard as the new President, in addition to his ongoing role as Chief Financial Officer. This strategic move is effective immediately, as detailed in the company’s latest SEC filing.

Shepard steps into the role previously held by Nicholas DeIuliis, who maintains his positions as the CEO and a member of the Board. The appointment does not alter Shepard’s compensation package.

With a tenure beginning in 2020 at CNX Resources, Shepard has been pivotal in the company’s financial and strategic planning. He became the Chief Financial Officer in June 2022 after serving as Vice President -- Accounting and Chief Accounting Officer. Under his financial leadership, the company has maintained a strong gross profit margin of 66% and achieved revenue growth of 19% in the last twelve months. His leadership was instrumental in the development of the company’s seven-year plan and the execution of the Apex Energy acquisition.

Shepard’s industry experience extends beyond CNX Resources, including a stint as Chief Financial Officer for EdgeMarc Energy. His academic credentials include a bachelor’s degree from Thiel College and an MBA from Carnegie Mellon University’s Tepper School of Business.

The company’s announcement clarifies that there are no new compensatory arrangements for Shepard and he has no direct or indirect material interest in any transactions that would require disclosure under SEC regulations.

This executive realignment comes as CNX Resources continues to navigate the dynamic energy sector, with a focus on strategic growth and financial stewardship. InvestingPro analysis indicates that net income is expected to grow this year, with analysts projecting profitability. For deeper insights into CNX’s financial health and detailed valuation metrics, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering over 1,400 US equities. The information for this article is based on a press release statement and InvestingPro data.

In other recent news, CNX Resources reported its Q1 2025 earnings, revealing a significant shortfall with an earnings per share (EPS) of -1.34, which missed the anticipated 0.61. Despite this, the company’s revenue outperformed expectations, reaching 551.09 million dollars compared to the projected 517.08 million dollars. CNX Resources also maintained a robust share buyback program, spending 125 million dollars in the first quarter. Additionally, the company highlighted the successful performance of its Apex acquisition wells, which exceeded expectations. In a separate development, CNX Resources appointed Alan Shepard as president while he continues his role as chief financial officer. This move was unanimously approved by the board of directors, reflecting their confidence in Shepard’s leadership. Analyst firms, such as JPMorgan, have expressed interest in CNX’s future activity levels and production trajectory, indicating a focus on the company’s strategic plans. The company remains committed to its production range and strategic focus on free cash flow per share, despite anticipating a production lull in Q3.

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