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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 published its financial and operational results for Q1 2021. Key highlights include access to detailed earnings, E&P data, production volumes, and financial statements via their website. An earnings conference call is scheduled for April 29, 2021, at 10:00 a.m. ET, with a replay available post-call. CNX focuses on natural gas development in the Appalachian basin, boasting 9.55 trillion cubic feet equivalent of proved reserves as of December 31, 2020.
CNX Resources Corp. (NYSE: CNX) announced a $30 million multi-year investment aimed at enhancing local communities in the tri-state region. This initiative, lasting six years, focuses on addressing issues like food insecurity, health and wellness, and career training. The investment aims to create long-term economic benefits while supporting previously established cash flow goals. Initial projects include significant funding for broadband access, vocational training, and technological support for disadvantaged schools, reinforcing CNX's commitment to Environmental, Social, and Governance (ESG) principles.
CNX Resources Corp. (NYSE: CNX) is set to announce its Q1 2021 financial results on April 29 at 6:45 a.m. ET. Following the announcement, a conference call will take place at 10:00 a.m. ET, with dial-in options available. Investors can access presentation materials via the company's Investor Relations website. As of December 31, 2020, CNX reported 9.55 trillion cubic feet equivalent of proved reserves. CNX is a leading natural gas exploration and production company operating primarily in the Appalachian basin.
CNX Resources Corp. (NYSE: CNX) announced a partnership with Bettis Brothers and The Bus Stops Here Foundation aimed at promoting awareness and job opportunities in the natural gas sector for disadvantaged communities in the Pittsburgh area. The initiative includes a commitment to sourcing services from local providers and achieving diversity in its supply chain. Key goals involve 90% local hiring, 40% small business expenditure in the tri-state area, and 6% Diverse Business Enterprise spending for 2021. CNX's leadership emphasizes their dedication to enhancing the regional workforce through this partnership.
CNX Resources Corporation (NYSE: CNX) reported total proved reserves of 9.55 Tcfe as of December 31, 2020, reflecting a 13% increase year-over-year. The company achieved a remarkable 440% reserve replacement ratio, adding 2,247 Bcfe through discoveries. The acquisition of CNX Midstream Partners positively impacted operational costs, offsetting lower SEC commodity prices. PV-10 value of proved reserves was $3.60 billion, down from $4.18 billion in 2019 due to decreased natural gas and oil prices. Drilling costs for extensions were $480 million, yielding a cost of $0.21 per Mcfe.
CNX Resources Corporation (NYSE: CNX) released its financial results for Q4 and FY 2020, showcasing its performance in the natural gas sector. The company reported that as of December 31, 2019, it held 8.4 trillion cubic feet equivalent of proved natural gas reserves. The earnings call is scheduled for 10:00 a.m. ET on January 28, 2021, providing insights into operational data, production volumes, and financial statements. Investors can access detailed information via the company's website and related resources.
CNX Resources Corp. (NYSE: CNX) will announce its Q4 2020 financial results on January 28, 2021, at 6:45 a.m. ET. A brief press release will provide a link to presentation materials on the Investor Relations website. This will be followed by a conference call at 10:00 a.m. ET, with dial-in options available for domestic and international participants. CNX has 8.4 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2019, and is a member of the S&P Midcap 400 Index.
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.
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