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CNX Resources Corporation

Company Summary

Description

CNX Resources Corporation is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. The company deploys an organic growth strategy focused on responsibly developing its resource base. As of December 31, 2016, CNX had 6.3 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index.

Website

http://www.cnx.com/

Operational Regions

  • Marcellus Shale
  • Utica

Financial Data:

NYSE:CNX from Google Finance

Tickers:

  • CNX - New York Stock Exchange

Related Entities

Recent news

  • 12/1/2020 - CNX Resources Closes on... (subscriber access)
  • 11/25/2020 - CNX Resources Offering... (subscriber access)
  • 11/25/2020 - CNX Resources Prices... (subscriber access)
  • 9/28/2020 - CNX Resources Completes... (subscriber access)
  • 9/23/2020 - CNX Resources Closes on... (subscriber access)

Investor Presentations

  • 3Q20 Earnings Presentation
  • 2Q20 Investor Presentation (subscriber access)
  • 1Q20 Earnings Presentation (subscriber access)
  • 4Q19 Investor Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Slideshow (subscriber access)
  • 3Q17 Earnings Presentation (subscriber access)
  • 2Q17 Investor Presentation (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • Fourth Quarter 2016 Earnings Presentation (subscriber access)
  • December 2016 Analyst Day Presentation (subscriber access)
  • December 2016 Analyst Day (subscriber access)
  • 3rd Quarter 2016 Earnings Presentation (subscriber access)
  • Second Quarter 2016 Investor Presentation (subscriber access)

Company Transactions

Date: 9/30/2020
Type: Acquisition

DETAILS:

COST: 357 $MM

NOTES:
CNX Resources announced plans to acquire all outstanding common units of CNX Midstream which they do not currently own, which equates to $357 million in value. Under the deal, each unit of CNX Midstream not already owned will be converted into 0.88 shares of CNX Resources common stock, which is a 15% premium to the average exchange ratio for the 30-days before July 24, 2020.
REGIONS:
  • Marcellus Shale
  • Utica
  • Date: 8/15/2018
    Type: Acquisition

    DETAILS:

    COST: 400 $MM

    VOLUMES: 14 MBOE/d

    ACRES: 39000 Acres

    NOTES:
    The acreage covers the wet gas Utica Shale areas of Belmont, Guernsey, Harrison, and Noble counties in Ohio.
    REGIONS:
  • Utica
  • Date: 3/31/2018
    Type: Acquisition

    DETAILS:

    COST: 85 $MM

    VOLUMES: 54 Mmcfe/d

    NOTES:
    The acquisition from CNX Resources includes conventional natural gas assets in Appalachia
    REGIONS:
  • Appalachia
  • Date: 3/19/2018
    Type: Acquisition

    NOTES:
    CNX Resources will be selling its 95% stake in the Shirley-Pennsboro Gathering System
    REGIONS:
  • Marcellus Shale
  • Date: 2/15/2018
    Type: Acquisition

    REGIONS:
  • Appalachia
  • Marcellus Shale
  • Utica
  • Date: 9/30/2017
    Type: Acquisition

    DETAILS:

    COST: 82 $MM

    NOTES:
    The sales included $55 million in non-core Marcellus Shale assets and other non-core positions totaling $27 million.
    REGIONS:
  • Marcellus Shale
  • Appalachia
  • Date: 11/15/2016
    Type: Joint Venture

    DETAILS:

    COST: 205 $MM

    NOTES:
    Noble & CONSOL are splitting from the Joint-Venture that was entered into in 2011. CONSOL's Post-Split Position: - 306,000 net acres, primarily in Pennsylvania - 620 MMcfe/d of production Noble's Post-Split Position: - 363,000 net acres, primarily in West Virginia - 450 MMcfe/d of production
    REGIONS:
  • Marcellus Shale
  • Date: 9/30/2016
    Type: Acquisition

    NOTES:
    CNX Coal Resources LP and CONSOL Energy Inc. has acquired an additional 5% undivided interest in the Pennsylvania Mining Complex and associated infrastructure from the Sponsor for $88.8 million. The transaction is effective September 30, 2016.
    REGIONS:
  • Northeast
  • Date: 8/2/2016
    Type: Acquisition