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Cnx Res Corp - CNX STOCK NEWS

Welcome to our dedicated page for Cnx Res news (Ticker: CNX), a resource for investors and traders seeking the latest updates and insights on Cnx Res stock.

CNX Resources Corporation (NYSE: CNX) is a leading independent natural gas exploration, development, and production company, primarily operating in the Appalachian Basin’s major shale formations. With over 150 years of legacy and a robust asset base, CNX focuses on organic growth and responsible resource development to create long-term value for shareholders, employees, and the communities in which it operates.

As of December 31, 2023, CNX had 8.74 trillion cubic feet equivalent of proved natural gas reserves, making it a significant player in the energy sector. The company is also a member of the Standard & Poor's Midcap 400 Index. CNX's core business operations include two primary segments: Shale and Coalbed Methane, with the Shale segment generating the maximum revenue.

CNX is committed to environmental sustainability and low carbon intensity in its operations. The company has been actively involved in innovative projects such as ZeroHP CNG and Clean mLNG, which leverage natural high gas pressures and advanced technologies to produce compressed and liquefied natural gas efficiently. These projects aim to reduce costs and environmental footprint significantly.

Recent achievements include substantial donations to the CNX Foundation by President and CEO Nick Deiuliis, aimed at supporting underserved rural and urban communities. The foundation focuses on impactful and local investments to foster community growth and opportunities.

Moreover, CNX has partnered with Chemstream Inc. to enhance operational transparency under the Radical Transparency initiative, ensuring comprehensive chemical additive disclosures. This collaboration aims to set new standards for public policy decisions around energy and environmental issues.

Financially, CNX has maintained a strong position despite market fluctuations. The company has strategically delayed certain projects to avoid oversupply and continue its disciplined capital allocation. CNX's operational and guidance updates reflect its adaptability and commitment to long-term value creation.

CNX is also actively developing proprietary technologies through its New Technologies business unit. This includes automated flowback systems in partnership with Deep Well Services, aiming to revolutionize flowback operations in the oil and gas industry.

For more information about CNX Resources Corporation, visit their website at www.cnx.com.

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CNX Resources (NYSE: CNX) and the CNX Foundation announced a new campaign focused on community support initiatives in Appalachia. The campaign, part of the Company's Appalachia First strategic vision, will address three main areas: erasing school lunch debt in Western Pennsylvania communities, supporting veterans throughout the Appalachian region through organizations like Veterans of Foreign Wars, and addressing essential needs of individuals and families in CNX's operating footprint.

The initiative will be fully funded by CEO Nick Deiuliis through a reduction in his 2025 compensation, following $4 million in cumulative offset compensation since 2022. This funding approach has supported the Foundation's Mentorship Academy initiative and other community efforts without additional company costs. The program aims to create direct, localized impact rather than following traditional corporate donation practices to large non-profits.

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CNX Resources (NYSE: CNX) has released its financial and operational results for the fourth quarter 2024. The company has made available its quarterly earnings results, prepared remarks, and supplemental information regarding E&P data, including production volumes, hedging information, financial statements, and non-GAAP reconciliations on its website.

CNX is hosting a Q&A conference call on Thursday, January 30, at 10:00 a.m. ET. Investors can access the call through domestic (855-656-0928) and international (412-902-4112) dial-in numbers. A replay of the conference call and webcast will be available on CNX's Investor Relations webpage.

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CNX Resources has completed the acquisition of Apex Energy II's natural gas upstream and associated midstream business in the Appalachian Basin for approximately $505 million in cash. The transaction, effective from October 1, 2024, represents a strategic bolt-on acquisition that expands CNX's existing stacked Marcellus and Utica undeveloped leasehold in the CPA region.

The acquisition provides an existing infrastructure footprint for future development and is expected to be immediately accretive to CNX's free cash flow per share. The company plans to implement its Radical Transparency environmental monitoring and real-time disclosure initiative across the newly acquired assets, working in collaboration with Pennsylvania Governor Shapiro and the state Department of Environmental Protection.

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CNX Resources (NYSE: CNX) has successfully closed a private placement of $200.0 million in 7.250% senior notes due 2032 at 100.500% of par, with a yield to worst of 7.104%. These notes are additional to the previously issued $400.0 million aggregate principal amount under the same terms.

The new notes are guaranteed by CNX's restricted subsidiaries that guarantee its revolving credit facility. The proceeds will be used for general corporate purposes, including funding transaction costs for the pending acquisition of Apex Energy entities and temporarily paying down revolving credit facility borrowings.

The notes are being offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. As of December 31, 2023, CNX had 8.74 trillion cubic feet equivalent of proved natural gas reserves.

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CNX Resources (NYSE: CNX) has announced the pricing of $200.0 million of additional 7.250% senior notes due 2032 at 100.500% of par, with a yield to worst of 7.104%. These New Notes are being offered under an existing indenture where CNX previously issued $400.0 million of similar notes.

The offering is expected to close on January 21, 2025. The New Notes will be guaranteed by CNX's restricted subsidiaries that guarantee its revolving credit facility. The proceeds will be used for general corporate purposes, including funding transaction costs for the pending acquisition of Apex Energy entities and temporarily paying down revolving credit facility borrowings.

The New Notes will be offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. As of December 31, 2023, CNX had 8.74 trillion cubic feet equivalent of proved natural gas reserves.

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CNX Resources (NYSE: CNX) has announced a private placement offering of $200 million in 7.250% senior notes due 2032. These notes are additional to the previously issued $400 million aggregate principal amount under the same terms. The new notes will be guaranteed by CNX's restricted subsidiaries that guarantee its revolving credit facility.

The proceeds will be used for general corporate purposes, including funding transaction costs for the pending acquisition of Apex Energy entities and temporarily paying down borrowings under the company's senior secured revolving credit facility. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

As of December 31, 2023, CNX had 8.74 trillion cubic feet equivalent of proved natural gas reserves.

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Arch Resources (NYSE: ARCH) and CONSOL Energy (NYSE: CEIX) announced that stockholders of both companies have approved all proposals related to their pending merger. The combination is expected to complete on January 14, 2025, subject to remaining customary closing conditions.

Following the merger, the combined entity will be renamed Core Natural Resources, Inc. and will be headquartered in Canonsburg, Pennsylvania. The company's common stock is expected to begin trading on the New York Stock Exchange under the new ticker symbol CNR on January 15, 2025.

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CNX Resources Corp. (NYSE: CNX) has announced it will release its fourth quarter 2024 financial results on Thursday, January 30, 2025, at 6:45 a.m. Eastern Time. The company will publish a brief press release containing links to prepared remarks, presentation materials, and supplemental information about Q4 2024 performance on its Investor Relations website.

Following the release, CNX will host a Q&A conference call and webcast at 10:00 a.m. ET. Investors can access the call through domestic (855-656-0928) and international (412-902-4112) dial-in numbers. A replay of the conference call and webcast will be available on CNX's Investor Relations website.

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CNX Resources (NYSE: CNX) has responded to the Department of Treasury's final rules regarding the Section 45V Hydrogen Production Tax Credit under the Inflation Reduction Act. While the company welcomes the recognition of captured waste coal mine methane (CMM) as a feedstock for hydrogen production, CNX finds the implementation rules too restrictive and economically insufficient to warrant expanding their CMM capture operations for hydrogen production.

Despite these limitations, CNX plans to explore alternative incentive pathways for CMM volumes, including voluntary markets, other tax incentives, and compliance program commercial opportunities that acknowledge waste mine methane capture.

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CNX Resources has announced a strategic acquisition of Apex Energy II's natural gas upstream and midstream business in the Appalachian Basin for $505 million. The transaction, expected to close in Q1 2025, expands CNX's Marcellus and Utica operations with approximately 36,000 total net acres in Westmoreland County, Pennsylvania.

The acquisition includes expected 2025 daily production of 180-190 MMcfe/d and EBITDA of $150-160 million. The assets feature low operating costs of $0.16/Mcfe and significant existing infrastructure. The deal will be funded through CNX's secured credit facility, with minimal impact on leverage ratios. The company expects the acquisition to be immediately accretive to free cash flow per share.

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FAQ

What is the current stock price of Cnx Res (CNX)?

The current stock price of Cnx Res (CNX) is $29.49 as of February 21, 2025.

What is the market cap of Cnx Res (CNX)?

The market cap of Cnx Res (CNX) is approximately 4.4B.

What does CNX Resources Corporation specialize in?

CNX specializes in the exploration, development, and production of natural gas, primarily in the Appalachian Basin's major shale formations.

How many proved natural gas reserves does CNX have?

As of December 31, 2023, CNX had 8.74 trillion cubic feet equivalent of proved natural gas reserves.

What are CNX's latest innovative projects?

CNX's latest projects include ZeroHP CNG and Clean mLNG, which utilize advanced technologies for efficient natural gas production with reduced environmental impact.

How is CNX contributing to community development?

CNX contributes through the CNX Foundation, focusing on tangible, impactful, and local investments to support underserved rural and urban communities.

What partnerships has CNX recently formed?

CNX has partnered with Chemstream Inc. for operational transparency and with Deep Well Services to develop automated flowback systems.

What is the Radical Transparency initiative?

Launched by CNX and the Pennsylvania Governor's Administration, the Radical Transparency initiative ensures comprehensive chemical additive disclosures to enhance operational transparency.

How does CNX plan to handle market fluctuations?

CNX strategically delays projects to avoid market oversupply and focuses on disciplined capital allocation to maintain long-term value.

What is the CNX New Technologies business unit?

Launched in 2021, the CNX New Technologies unit develops proprietary technology aimed at waste methane capture and abatement, and partnerships for low carbon intensity feedstocks.

What is the significance of CNX's shale segment?

The shale segment is CNX's primary revenue generator, focusing on the development and production of natural gas in major shale formations.

Where can I find more information about CNX Resources Corporation?

More information about CNX Resources Corporation is available at their website: www.cnx.com.
Cnx Res Corp

NYSE:CNX

CNX Rankings

CNX Stock Data

4.41B
141.82M
4.35%
108.77%
18.23%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States
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