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.
CNX Resources Corporation (NYSE: CNX) has successfully closed a private placement of $500 million in 6.00% senior notes due 2029. The proceeds will be utilized for general corporate purposes, including the repayment of existing debt on its revolving credit facility. The notes are guaranteed by all wholly-owned domestic subsidiaries of CNX and will not be registered under the Securities Act, limiting their sale to qualified institutional buyers and non-U.S. persons. As of December 31, 2019, CNX had 8.4 trillion cubic feet of proved natural gas reserves.
CNX Resources Corporation (NYSE: CNX) has priced $500 million in senior notes at 6.00% due 2029, set to close on November 30, 2020. Proceeds will be used for general corporate purposes, including repaying existing debt. Post-offering, CNX expects no debt maturities until 2025, apart from approximately $186 million drawn from its revolving credit facility. The notes will be guaranteed by CNX's wholly-owned domestic subsidiaries and offered only to qualified buyers under specific regulations. CNX aims for a leverage ratio of 1.5 to 1.0 using future cash flow for debt repayment and share repurchases.
CNX Resources Corporation (NYSE: CNX) plans to offer $400.0 million in senior notes due 2029. The notes will be guaranteed by its wholly-owned domestic restricted subsidiaries and are intended for general corporate purposes, including repaying existing debt. This offering is limited to qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act and hence cannot be sold in the U.S. without an exemption. CNX had 8.4 trillion cubic feet equivalent of proved reserves as of December 31, 2019, and is part of the S&P Midcap 400 Index.
CNX Resources Corporation (NYSE: CNX) released its third-quarter 2020 financial and operational results, which can be accessed on its website. The earnings results include detailed information on production volumes, hedging data, financial statements, and non-GAAP reconciliations. CNX, a leading independent natural gas production company focused on the Appalachian basin, holds 8.4 trillion cubic feet of proved natural gas reserves as of December 31, 2019. The earnings conference call is scheduled for 10:00 a.m. ET on October 29, 2020, with a subsequent Q&A for analysts.
CNX Resources Corp. (NYSE: CNX) will announce its Q3 2020 financial results on October 29 at 6:45 a.m. ET. The announcement will be accompanied by a press release that includes links to presentation materials available on their Investor Relations website. A conference call is scheduled for 10:00 a.m. ET on the same day, with dial-in options provided.
CNX is a major player in natural gas exploration and production, focusing on organic growth and holds 8.4 trillion cubic feet of proved natural gas reserves.
On October 5, 2020, CNX Resources Corporation (NYSE: CNX) announced an updated investor presentation and video featuring CEO Nick DeIuliis and CFO Don Rush. The presentation highlights the company's strategic focus on organic growth within the Appalachian basin and its substantial natural gas reserves, totaling 8.4 trillion cubic feet as of December 31, 2019. CNX aims to effectively manage its capital markets communication post-merger with CNX Midstream Partners. For more information, the video and presentation can be accessed through the provided links.
CNX Resources Corporation has completed the acquisition of all outstanding common units of CNX Midstream Partners LP, suspending the latter's trading on the NYSE. This strategic move consolidates CNX's position in the natural gas sector, enhancing its operational capabilities in the Appalachian Basin where it holds 8.4 trillion cubic feet of proved natural gas reserves. The merger is expected to yield cost savings and benefits, although potential risks exist, including economic conditions and integration challenges.
CNX Resources Corporation (NYSE: CNX) announced the successful closing of its private placement of $200 million in 7.250% senior notes due 2027. Offered at 103.5% of par, these notes yield 6.34% and will be combined with previously issued notes under a 2019 indenture. Proceeds will be used to redeem existing 5.875% senior notes due 2022, thus eliminating near-term maturities before 2026. The new notes are unregistered and will be offered only to qualified institutional buyers.
CNX Resources Corporation (NYSE: CNX) announced the pricing of $200.0 million in 7.250% senior notes due 2027 at a price of 103.5% of par and an effective yield of 6.34%. This offering, expected to close on September 22, 2020, follows a previously issued $500.0 million of identical notes. The company estimates net proceeds of about $204.0 million to redeem all outstanding 5.875% senior notes due 2022, thereby eliminating senior note maturities before 2026. The notes will be offered to qualified institutional buyers only.
CNX Resources Corporation (NYSE: CNX) announced a conditional notice to redeem all outstanding 5.875% Senior Notes due 2022 on or around October 8, 2020, contingent on issuing $200.0 million of 7.250% Senior Notes due 2027. The redemption price will be 100% of the principal plus accrued interest. After this redemption, CNX will have no senior note maturities until 2026. As of December 31, 2019, CNX possessed 8.4 trillion cubic feet of proved natural gas reserves.
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