STOCK TITAN

CNX Resources Corporation - CNX STOCK NEWS

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

News
Rhea-AI Summary

CNX Resources (NYSE: CNX) has released its financial and operational results for the third 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. A Q&A conference call is scheduled for October 24 at 10:00 a.m. ET, with both domestic and international dial-in options available.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
Tags
-
Rhea-AI Summary

Arch Resources (NYSE: ARCH) and CONSOL Energy (NYSE: CEIX) have announced the expiration of the Hart-Scott-Rodino Act waiting period for their pending merger. This expiration, which occurred at 11:59 p.m. Eastern Time on October 11, 2024, marks a significant milestone in the merger process. The HSR Act waiting period expiration was a key condition for closing the combination. However, the transaction's completion still depends on meeting other customary closing conditions, including approval from both companies' stockholders. This development brings Arch and CONSOL one step closer to finalizing their merger, potentially creating a stronger entity in the energy sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
-
Rhea-AI Summary

CNX Resources (NYSE: CNX) has announced the schedule for its third quarter 2024 financial results and Q&A conference call. The company will release its financial results on Thursday, October 24, at 6:45 a.m. Eastern Time. This release will include links to prepared remarks, presentation materials, and supplemental information providing a Q3 2024 update, all of which will be available on CNX's Investor Relations website.

Following the release, CNX will host a Q&A conference call and webcast at 10:00 a.m. ET on the same day. Interested parties can dial in using the following numbers: 855-656-0928 (domestic) or 412-902-4112 (international), referencing 'CNX Resources Call'. The webcast will be available at investors.cnx.com. A replay of the Q&A conference call and webcast will be maintained on CNX's Investor Relations page for future access.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.87%
Tags
conferences earnings
Rhea-AI Summary

CNX Resources has released initial results from its Radical Transparency™ program, a public-private collaboration with Pennsylvania's government to monitor air emissions at natural gas well sites and compressor stations. After nine months of continuous monitoring, the data indicates that CNX's natural gas development poses no public health risk.

Key findings include:

  • PM2.5 concentrations below NAAQS standards at all sites
  • BTEX concentrations well below minimum risk levels
  • Over 100,000 data measurements collected and reported

CNX urges industry peers to adopt similar transparency measures and criticizes the University of Pittsburgh Health Study for using loose statistical associations. The company aims to expand the program to cover all its unconventional operations, providing more data points across its operational footprint.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
Rhea-AI Summary

CNX Resources (NYSE: CNX) has released its financial and operational results for the second quarter of 2024. The company has made available its prepared remarks, earnings results, supplemental information, and presentation materials on its website. These documents include details on quarterly E&P data, production volumes, hedging information, financial statements, and non-GAAP reconciliations.

CNX will host a Q&A conference call on Thursday, July 25, at 10:00 a.m. ET. Investors can access the call via phone or webcast. A replay of the call will be maintained on the company's Investor Relations page.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
-
Rhea-AI Summary

CNX Resources will release its Q2 2024 financial results on July 25, 2024, at 6:45 a.m. Eastern Time. The company will provide prepared remarks, presentation materials, and supplemental information on its Investor Relations website.

A Q&A conference call will follow at 10:00 a.m. Eastern Time, accessible via domestic and international dial-in numbers or webcast. The call can be replayed later on CNX's Investor Relations page.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
conference call earnings
Rhea-AI Summary

CNX Resources published its thirteenth Corporate Sustainability Report, highlighting its innovative Tangible, Impactful, Local ESG efforts.

The report emphasizes significant achievements, including a 30% reduction in methane intensity, 171,000 tons of methane CO₂e emissions cuts since 2020, and a $7 million investment in methane reduction.

Collaborating with Pennsylvania's government, CNX established real-time environmental monitoring, sharing data via CNXRadicalTransparency.com. They also invested over $19 million in water infrastructure and $5.6 million in community initiatives.

Additionally, they spent $347 million with local businesses and paid $45 million in taxes and fees. Workforce development includes a 35% increase in CNX Mentorship Academy participation. Corporate governance highlights include a 41% decrease in lost-time incidents.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
none
-
Rhea-AI Summary

On May 15, 2024, KeyState Energy, CNX Resources, and Pittsburgh International Airport announced a collaboration to develop a major hydrogen and sustainable aviation fuel (SAF) hub at PIT. The facility aims to produce up to 68,000 metric tons of hydrogen or 70 million gallons of SAF annually, and will tailor production to meet specific demands. The $1.5 billion project, supported by a Letter of Intent, anticipates creating 3,000 construction jobs, aiding the region’s decarbonization goals by 2030. SAF, derived from waste feedstocks, could replace traditional jet fuel at PIT, reducing emissions and cutting transportation costs. The collaboration seeks federal grants to study logistics and infrastructure for spreading SAF throughout the Northeast and Midwest.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
none
-
News
Rhea-AI Summary
CNX Resources (NYSE: CNX) released its first quarter 2024 financial and operational results. The company provided earnings results, E&P data, financial statements, and a presentation. Details on the Q&A conference call were also shared.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
Rhea-AI Summary
Deep Well Services and CNX Resources have partnered to launch AutoSep Technologies, a new oilfield service company that aims to revolutionize conventional flowback operations. The collaboration combines CNX's proprietary technology with Deep Well's expertise to provide automated solutions that reduce costs, improve safety, and minimize environmental impact. The joint venture introduces an automated flowback system for high-rate shale wells, offering significant market potential domestically and internationally. AutoSep's innovative approach eliminates methane emissions and streamlines operations, marking a significant advancement in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
partnership

FAQ

What is the current stock price of CNX Resources Corporation (CNX)?

The current stock price of CNX Resources Corporation (CNX) is $40.11 as of November 20, 2024.

What is the market cap of CNX Resources Corporation (CNX)?

The market cap of CNX Resources Corporation (CNX) is approximately 5.9B.

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 Resources Corporation

NYSE:CNX

CNX Rankings

CNX Stock Data

5.90B
142.77M
4.35%
109.95%
18.49%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
CANONSBURG