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 Appalachian Basin natural gas producer combining energy development with sustainable innovation. This page aggregates official announcements, financial disclosures, and operational updates directly from CNX and verified sources.
Investors and industry observers will find timely updates on earnings reports, strategic acquisitions, and technological advancements like methane capture systems. The collection emphasizes CNX's commitment to low-carbon operations through initiatives such as its Radical Transparency™ environmental monitoring program.
Key content categories include quarterly financial results, infrastructure developments, sustainability progress reports, and leadership updates. All materials maintain factual accuracy while avoiding speculative analysis, serving both casual observers and professional analysts.
Bookmark this page for streamlined access to CNX's evolving story in the energy sector, from shale production milestones to community engagement efforts. Check regularly for the latest verified information supporting informed decision-making.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
