CNX Resources Corporation (NYSE:CNX) Q4 2017 Earnings Conference Call Transcript
Jan 30, 2018 • 10:00 am ET
Ladies and gentlemen, thank you for standing by, and welcome to the CNX Resources Fourth Quarter 2017 Results Conference Call. As a reminder, today's call is being recorded.
I'd now like to turn the conference over to the Vice President of Investor Relations, Tyler Lewis. Please go ahead.
Thank you, and good morning to everybody. Welcome to CNX Resources fourth quarter conference call. We have in the room today, Nick DeIuliis, our President and CEO; Don Rush, our Executive Vice President and Chief Financial Officer; and Tim Dugan, our Chief Operating Officer. Today, we will be discussing our fourth quarter results, and we've posted an updated slide presentation to our website.
(Forward-Looking Cautionary Statements)
We will begin our call today with prepared remarks by Nick, followed by Don, and then Tim, and then we will open the call up for Q&A. A couple of housekeeping items first. Similar to last quarter, you will notice on Slide 3 of our slide presentation as well as in this morning's press release, a description of the post-spin company names and stock trading symbols, along with the recent midstream acquisition. Again, a summary of these changes are laid out in detail on Slide 3 of the fourth quarter slide presentation, which is accessible on the Investor Relations portion of the Company's website.
Also, CNX's financial results for the fourth quarter reflect provisional amounts related to the December 2017 enactment of the Tax Cuts and Jobs Act. These provisional estimates are based on CNX's initial analysis and current interpretation of the legislation. Given the complexity of the legislation, anticipated guidance for the US Treasury and the potential for additional guidance from the Securities and Exchange Commission or the Financial Accounting Standards Boards, these estimates may be adjusted during 2018. As a result, despite our historical practice disclosing full financial statements as part of our earnings release, we have only provided the income statement in conjunction with the fourth quarter and full-year 2017 results.
CNX continues to evaluate the impacts of the Company's balance sheet and cash flow statements and expects to provide an update with its 10-K filing, which the Company anticipates to file on February 7. Also, CNX and CNXM plan to host a joint Analyst and Investor Day on Tuesday, March 13, located at the CNX headquarters in Pittsburgh, Pennsylvania. The Analyst and Investor Day, which is expected to last approximately four hours, will feature presentations from members of CNX and CNXM's senior leadership team, followed by a question-and-answer session. We plan to distribute additional details in the coming weeks. Lastly, CNX will be participating in the upcoming Scotia Howard Weil Energy Conference from March 26 to 28, and we look forward to seeing everyone in New Orleans.
With that, let me turn the call over to you, Nick.
Thank you, Tyler, and good morning, everybody. Fourth quarter marks a watershed period in the history of our Company as we completed the separation of our gas and former coal businesses. This final separation was