“42 Interest Expense For the Three Months Ended September 30, (in millions) 2025 2024 Variance Percent Change Total Interest Expense $ 43 $ 38 $ 5 13.2 % The $5 million increase in total interest expense was primarily due to higher borrowings on the CNX Credit Facility at higher interest rates and higher principal balances related to the long-term debt that was issued in 2025 offset, in part, by lower borrowings on the CNXM Credit Facility.”
“Cash flows from financing activities changed in the period-to-period comparison primarily due to the following items: • Proceeds from borrowings under the CNXM Credit Facility increased $42 million and repayments under the CNXM Credit Facility decreased $23 million.”
“Cash flows from investing activities changed in the period-to-period comparison primarily due to the following items: • Capital expenditures increased $38 million primarily due to an increase in drilling and completions activity.”