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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

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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CNX Resources Corporation Announces Pricing of $400 Million of Senior Notes

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CNX Resources Corporation announces the pricing of $400 million senior notes due 2032, with plans to use proceeds for debt repayment and general corporate purposes, highlighting its commitment to long-term shareholder value.
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CNX Resources Corporation Announces Tender Offer for its 7.250% Senior Notes due 2027

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CNX Resources Corporation initiates a cash tender offer to repurchase its outstanding 7.250% Senior Notes due 2027, with detailed terms and conditions provided. The company also announces a redemption of all unsold notes at a specified price. The Tender Offer is contingent on the completion of a new notes offering by CNX. CNX Resources Corporation, a prominent natural gas company, emphasizes its focus on responsible resource development and long-term shareholder value creation.
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CNX Resources Corporation Announces Private Offering of $400 Million of Senior Notes

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CNX Resources Corporation announces a $400 million private placement of senior notes due 2032 and a tender offer for its 7.250% senior notes due 2027. The company plans to use the proceeds for debt repayment and general corporate purposes.
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CNX Announces 2023 Year End Reserves

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CNX Resources Corporation (NYSE: CNX) reported total proved reserves of 8,741 Bcfe as of December 31, 2023, with a 1.46x proved developed replacement ratio. The company converted 819 Bcfe of proved undeveloped reserves in 2023 and achieved upward proved reserves adjustments of 467 Bcfe due to positive well performance. However, there were downward adjustments of 709 Bcfe due to the SEC five-year booking rule and 465 Bcfe due to lower commodity prices. The company's focus on capital efficiency and a maintenance of production program has lowered the rate of inventory consumption and deferred development of certain reserves when compared to prior reserve reports.
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CNX Reports Fourth Quarter Results

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CNX Resources Corporation (NYSE: CNX) released its financial and operational results for the fourth quarter of 2023. The company's earnings results, supplemental information, and presentation materials are available on its website. The Q&A conference call details were also provided for investors and analysts.
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CNX Resources Corporation Announces Fourth Quarter 2023 Financial Results and Q&A Conference Call Schedule

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CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q4 2023 on January 25, 2024. The company will issue a press release containing links to its prepared remarks, presentation materials, and supplemental information, followed by a Q&A conference call and webcast.
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CNX Provides Update on Hydrogen Project Location and 45V Hydrogen Production Tax Credit Rules

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CNX Resources Corporation (NYSE: CNX) ends coordination with the Adams Fork project due to delays and uncertainty over hydrogen production tax credit provisions. The company is evaluating alternative sites in southern West Virginia for clean hydrogen projects, remaining committed to supporting the Appalachian Regional Clean Hydrogen Hub (ARCH2) via low-cost, low carbon intensity feedstock. CNX's final investment decision is contingent upon tax credit guidance, and the company calls on the federal government to support the burgeoning hydrogen economy.
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CNX Announces Executive Leadership Addition

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CNX Resources Corporation (NYSE: CNX) announced the appointment of Timothy S. Bedard as Executive Vice President, General Counsel, and Corporate Secretary. Mr. Bedard brings extensive legal and IP expertise from his previous roles at Visa and Johnson & Johnson, as well as his background as an IP litigator and a U.S. Navy officer. His addition to the executive team is expected to accelerate the growth of CNX's New Tech business opportunities and sustain the company's business model. The company also disclosed the departure of former Executive Vice President, General Counsel, and Secretary Alexander J. Reyes, with whom they have mutually agreed to separate without cause.
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WhiteHawk Energy Announces $54 Million Acquisition of Core Marcellus Shale Natural Gas Mineral and Royalty Assets

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WhiteHawk Energy, LLC (NYSE: WHK) acquires additional Marcellus Shale natural gas mineral and royalty assets for $54.0 million, doubling its mineral and royalty ownership in existing 475,000 gross acre position. The acquisition enhances WhiteHawk's Marcellus Shale assets by 100%, focusing on Washington and Greene counties, Pennsylvania. The assets are operated by top companies generating significant cash flow with no additional capital expenditures.
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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 $36.25 as of December 20, 2024.

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

The market cap of CNX Resources Corporation (CNX) is approximately 5.4B.

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

#1231 Ranked by Market Cap
N/A Ranked by Dividends

CNX Stock Data

5.36B
142.77M
4.35%
109.97%
19.13%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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