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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) released its second quarter 2021 financial and operational results on July 29, 2021. Key metrics and supplemental information regarding earnings, production volumes, and hedging can be accessed on their website. The earnings conference call is scheduled for 10:00 a.m. ET on the same day, with details available for international and domestic participants. CNX, a leader in natural gas production in the Appalachian basin, holds 9.55 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2020, and focuses on sustainable resource development.
CNX Resources Corp. (NYSE: CNX) released its annual Corporate Responsibility Report, highlighting its commitment to environmental, social, and governance (ESG) principles. The report emphasizes CNX's unique position as a net carbon negative company in the natural gas sector and details significant methane abatement efforts, achieving over 300,000 metric tons annually. CNX also outlines social responsibility initiatives, including a median employee compensation package exceeding $150,000 and a $30 million investment in local communities. Additionally, the company commits to enhancing diversity within its workforce and aligning management compensation with ESG performance.
CNX Resources Corp. (NYSE: CNX) will announce its Q2 2021 financial results on July 29, 2021, at 6:45 a.m. ET. A press release will follow, with a link to presentation materials on CNX’s Investor Relations website. A conference call will occur at 10:00 a.m. ET on the same day, with details for dial-in and a webcast available. CNX, a leading independent natural gas company, focuses on responsibly developing resources within the Appalachian basin, boasting 9.55 trillion cubic feet of proved natural gas reserves as of December 31, 2020.
CNX Resources Corp. (NYSE: CNX) has launched the CNX Foundation, a 501(c)(3) nonprofit, to manage a $30 million community investment commitment aimed at fostering socio-economic growth in the Appalachian region. The Foundation will direct funds towards social ($17.5M) and environmental ($12.5M) initiatives, addressing issues such as food insecurity, health, and vocational training. So far, CNX has allocated $1.7M towards projects, including $1M for broadband access in Greene County, PA. This initiative aligns with CNX's ESG philosophy and is expected to enhance long-term economic returns while maintaining its cash flow generation plan.
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.
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