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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

NuBlu Energy and CNX Resources Team Up to Deploy CNG & LNG Tech Solutions

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NuBlu Energy and CNX Resources have partnered to deploy innovative CNG and LNG technology solutions, revolutionizing the energy industry. The collaboration introduces ZeroHP CNG and Clean mLNG, offering cost-effective and environmentally friendly alternatives to traditional production methods. These advancements aim to meet the growing demand for clean, affordable energy, while reducing carbon footprint and operating costs. The partnership signifies a transformative shift in energy production, ushering in a more sustainable future for the industry.
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Westmoreland Co. Kiski Water Line to Minimize Water Trucking, Establish Community Co-Benefit Opportunities, Improve Water Resource Resilience

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CNX Resources (CNX) is nearing completion of its Kiski Water Line project, a $20 million initiative expected to enhance local operational needs, reduce the impact of natural gas development, and optimize regional water resources. The project aims to improve water infrastructure, offer potential future opportunities, and minimize community impact. CNX's Chief Operating Officer expressed enthusiasm for the project's benefits and the company's commitment to environmental stewardship. CNX's water usage and economic contributions to the local area demonstrate its ongoing positive impact.
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CNX Resources Corporation Announces First Quarter 2024 Financial Results and Q&A Conference Call Schedule

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CNX Resources Corp. (CNX) will release its Q1 2024 financial results on April 25, 2024, followed by a Q&A conference call and webcast. Investors can access prepared remarks, presentation materials, and updates on CNX's Investor Relations website.
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CONSOL Energy Issues Notice on Francis Scott Key Bridge Collapse in Baltimore, MD

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A tragedy occurred as a container ship struck a support column of the Francis Scott Key Bridge in Baltimore, impacting vessel access at CONSOL Marine Terminal. Operations are delayed, and restoration efforts are ongoing.
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CNX Announces Operational and Guidance Update

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CNX Resources Corporation delays completions activities due to lower natural gas prices, resulting in decreased production volumes and reduced capital expenditures for 2024.
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Chemstream Inc. Announces Full Compliance with Historic Radical Transparency Initiative

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Chemstream Inc., in partnership with CNX Resources Corporation, becomes the first service provider to fully comply with the Radical Transparency initiative, ensuring disclosure of chemical additives. The collaboration with Pennsylvania Governor Josh Shapiro's Administration aims to enhance operational transparency in the chemical industry.
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CNX Resources Corporation Announces Closing of $400 Million Senior Notes Offering

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CNX Resources Corporation closes $400 million private placement of senior notes due 2032. Proceeds to retire outstanding notes, repay credit facility, and for general corporate purposes. Notes offered to qualified institutional buyers and non-U.S. persons. CNX is a natural gas company with significant reserves and a focus on long-term shareholder value.
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Three Years Since Inception, CNX Foundation and Mentorship Academy Build on Success Addressing Region's Complex Societal Challenges

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CNX CEO announces a $1.5 million donation to the CNX Foundation and Mentorship Academy, along with a compensation reduction for 2024. The donation will support community-directed projects and expand existing partnerships in underserved areas.
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CNX Resources Corporation Announces Final Results and Expiration of Tender Offer for its 7.250% Senior Notes due 2027

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CNX Resources Corporation announces the final results of its cash tender offer for its 7.250% Senior Notes due 2027, with 89.21% of the notes tendered. The company will pay $1,018.97 per $1,000 principal amount of the notes accepted for purchase. CNX also issued a conditional notice to redeem all notes not purchased in the offer.
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CNX Resources Corporation Announces Pricing Terms of Cash Tender Offer for its 7.250% Senior Notes due 2027

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CNX Resources Corporation announces pricing terms for cash tender offer of 7.250% Senior Notes due 2027, offering Purchase Price and accrued interest. The Tender Offer is conditioned on a new notes offering. CNX also issues conditional notice for Redemption of unsold Notes.
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FAQ

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

The current stock price of CNX Resources Corporation (CNX) is $39.02 as of November 18, 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.

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CNX Resources Corporation

NYSE:CNX

CNX Rankings

#1175 Ranked by Market Cap
N/A Ranked by Dividends

CNX Stock Data

5.92B
149.27M
4.35%
118.23%
20.1%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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