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.
Newlight Technologies and CNX Resources have entered a 15-year agreement to harness methane emissions for producing Aircarbon®, a biodegradable, carbon-negative alternative to plastic. CNX will utilize its infrastructure to capture waste methane from industrial sources, supporting Newlight's production needs. This partnership aims to reduce carbon emissions and plastic pollution while promoting economic growth in the Appalachian region. Newlight is also developing a new manufacturing facility in Ohio, further leveraging methane from this collaboration.
CONSOL Energy Inc. (NYSE: CEIX) will release its second quarter earnings on August 4, 2022, before market opening. This will be followed by a conference call at 11:00 a.m. ET. The earnings release will be available via a live webcast on the company's Investor Relations page, with an archive accessible for 30 days. The company operates significant coal mining operations in the Northern Appalachian Basin and plans to develop the Itmann metallurgical coal project.
CNX Resources Corp. (NYSE: CNX) will release its Q2 2022 financial results on July 28, 2022, at 6:45 a.m. ET. This announcement will be followed by a conference call at 10:00 a.m. ET, where details will be discussed. Investors can access the call via dial-in or webcast through the company's Investor Relations page. CNX focuses on natural gas development and boasts 9.63 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2021. The company is a member of the S&P Midcap 400 Index.
CNX Resources Corporation (NYSE: CNX) submitted a letter to the SEC addressing proposed climate rules affecting investor confidence. The letter emphasizes three main themes: the inconsistency of reporting standards for carbon emissions could mislead investors, the shift from a voluntary to involuntary compliance framework without proper standardization may lead to misallocated capital, and the need for accurate, transparent regulations across industries. CNX aims to promote responsible natural gas development while ensuring that capital allocation decisions are based on reliable data.
CNX Resources Corporation (NYSE: CNX) announced significant executive leadership changes on June 1, 2022. Donald W. Rush has been promoted to Chief Strategy Officer, while Alan K. Shepard steps up as the new Chief Financial Officer. These promotions are aimed at leveraging local talent and enhancing the company's strategic initiatives and financial management. Rush will drive growth avenues and branding, while Shepard will focus on overseeing the finance organization to support the company's free cash flow strategy. The moves reflect CNX's commitment to its future and regional value proposition.
The partnership between Pittsburgh International Airport and CNX Resources aims to reduce carbon emissions and costs in the transportation sector through innovative use of natural gas.
CNX will employ proprietary technology to convert dry natural gas into liquefied natural gas (LNG), compressed natural gas (CNG), and hydrogen feedstock, supporting local economies and job creation.
This initiative aligns with Pennsylvania's efforts towards a hydrogen hub and carbon storage system, positioning the airport as a leader in energy innovation and sustainability.
CNX Resources Corp. released its annual Corporate Responsibility Report for 2021, highlighting progress in sustainable practices and social responsibility. Key achievements include a 90% reduction in CO₂e emissions since 2011, investment in carbon capture, and a commitment to invest $30 million in local communities over six years. The company emphasizes a localized workforce and diversity initiatives, targeting 40% diversity on the executive team by 2026. The report aims to demonstrate CNX's commitment to long-term value creation for shareholders and stakeholders.
CNX Resources Corporation (NYSE: CNX) released its financial and operational results for Q1 2022 on April 28, 2022. The earnings report includes crucial data such as production volumes, hedging information, and financial statements. As of December 31, 2021, CNX held 9.63 trillion cubic feet equivalent of proved natural gas reserves. The company operates within the Appalachian basin, focusing on efficient resource development and long-term shareholder value through its comprehensive midstream and production strategy. A conference call with further details is scheduled for the same day.
CNX Resources Corp. (NYSE: CNX) will release its Q1 2022 financial results on April 28 at 6:45 a.m. ET. This will be followed by a conference call at 10:00 a.m. ET. Investors can access the results and subsequent materials on CNX's website. The company, a leader in natural gas development in the Appalachian basin, holds 9.63 trillion cubic feet of proved natural gas reserves as of December 31, 2021. CNX aims to create long-term value for its shareholders through responsible resource management. Further details will be available post-call.
CNX Resources Corp. (NYSE: CNX) announces the release of "Precipice: The Left’s Campaign to Destroy America," authored by CEO Nick Deiuliis. The book discusses the current economic, social, and geopolitical threats facing America, emphasizing the shift from value creators to appropriators. Deiuliis advocates for middle-class families and all proceeds from the book sales will benefit the CNX Foundation, aiding disadvantaged youth. Through this work, he aims to foster constructive public discourse around preserving the American dream.
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