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CNX Resources Corp (CNX.N)

CNX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CNX Resources Corp Announces Tender Offer For Its 8 Pct Senior Notes Due 2023
Thursday, 15 Mar 2018 

March 15 (Reuters) - Cnx Resources Corp ::CNX RESOURCES CORPORATION ANNOUNCES TENDER OFFER FOR ITS 8.000% SENIOR NOTES DUE 2023.CNX RESOURCES CORP - OFFER WILL EXPIRE AT 5:00 P.M. NEW YORK CITY TIME ON MARCH 21, 2018.CNX RESOURCES CORP - ‍SETTLEMENT FOR NOTES TENDERED PRIOR TO EXPIRATION TIME, ACCEPTED FOR PURCHASE IS EXPECTED TO BE MARCH 22, 2018​.  Full Article

CNX Resources Corp Announces Private Offering Of $500 Mln Of Senior Notes
Thursday, 15 Mar 2018 

March 15 (Reuters) - CNX Resources Corp ::CNX RESOURCES CORPORATION ANNOUNCES PRIVATE OFFERING OF $500 MILLION OF SENIOR NOTES.CNX RESOURCES CORP - ‍INTENDS TO OFFER AND SELL TO ELIGIBLE PURCHASERS $500 MILLION OF SENIOR NOTES DUE 2026​.CNX RESOURCES - TO USE NET PROCEEDS OF NOTES SALE TO PURCHASE ANY, ALL OF ABOUT $500 MILLION PRINCIPAL AMOUNT OUTSTANDING OF 8.000% SENIOR NOTES DUE 2023.  Full Article

Diversified Gas & Oil Buys Some Assets of CNX and Alliance for $180 Mln
Monday, 12 Feb 2018 

Feb 12 (Reuters) - Diversified Gas & Oil Plc ::DIVERSIFIED GAS & OIL ACQUISITIONS TO INCREASE PRODUCTION BY NEARLY 175 PERCENT.DIVERSIFIED GAS & OIL - ENTERED CONDITIONAL PURCHASE & SALE AGREEMENTS FOR ACQUISITIONS OF ALLIANCE PETROLEUM & APPALACHIAN ASSETS OF CNX RESOURCES.DIVERSIFIED GAS & OIL PLC - DEAL FOR COMBINED PURCHASE PRICE OF $180 MILLION.DIVERSIFIED GAS & OIL PLC - INTENDS TO FUND CASH PURCHASE PRICE WITH CURRENT CASH BALANCE, NET PROCEEDS OF RECENTLY COMPLETED EQUITY OFFERING.DIVERSIFIED GAS & OIL PLC - WOULD ASSUME OPERATIONS OF CNX'S CONVENTIONAL NATURAL GAS ASSETS WITH PRODUCTION OF 54,000 MCFE/D OR 9,000 BOE/D.DIVERSIFIED GAS & OIL PLC - PROPOSED DEAL WILL INCREASE CO'S TOTAL PROVED DEVELOPED PRODUCING RESERVES TO 173 MILLION BOE.  Full Article

CNX Announces 21 Pct Increase In Proved Reserves To 7.6 Tcfe
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Cnx Resources Corp ::CNX ANNOUNCES 21% INCREASE IN PROVED RESERVES TO 7.6 TCFE.CNX RESOURCES CORP - FUTURE DEVELOPMENT COSTS FOR PROVED UNDEVELOPED RESERVES ARE ESTIMATED TO BE ABOUT $1.283 BILLION, OR $0.40 PER MCFE.CNX RESOURCES CORP - TOTAL PROVED RESERVES IS 7.6 TCFE AS OF DECEMBER 31, 2017, WHICH IS A 21% INCREASE, COMPARED TO PREVIOUS YEAR.  Full Article

CNX Resources Posts Fourth Quarter Production Of 118.9 Bcfe
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - Cnx Resources Corp ::CNX REPORTS FOURTH QUARTER RESULTS; RECORD QUARTERLY PRODUCTION OF 118.9 BCFE; TOTAL PRODUCTION COSTS FALL TO $2.17 PER MCFE; REPURCHASES $103 MILLION OF COMMON STOCK TO DATE.Q4 EARNINGS PER SHARE $1.24 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE VIEW $0.01 -- THOMSON REUTERS I/B/E/S.Q4 ADJUSTED EARNINGS PER SHARE $0.98 FROM CONTINUING OPERATIONS.DURING Q4 OF 2017, CNX SOLD 118.9 BCFE OF NATURAL GAS, OR AN INCREASE OF 17% FROM 101.3 BCFE SOLD IN YEAR-EARLIER QUARTER.QTRLY TOTAL REVENUE AND OTHER OPERATING INCOME $476.95 MILLION VERSUS $74 MILLION LAST YEAR.CONTINUES TO EXPECT 2018 PRODUCTION VOLUMES OF 520-550 BCFE.CNX PLANS TO RUN THREE RIGS THROUGH FIRST HALF OF 2018 AND ADD A FOURTH RIG STARTING IN JULY.DURING QUARTER, CNX RECEIVED A FEDERAL TAX REFUND FOR TAX YEARS 2010-2014 OF $97 MILLION.CNX RE-AFFIRMS 2018 CAPITAL EXPENDITURE FORECAST OF $790 MILLION-$880 MILLION.CNX RESOURCES -$97 MILLION TAX REFUND IN Q4 RESULT OF PRIVATE LETTER RULING REQUEST FILED WITH IRS TO REQUEST ABILITY TO CLAIM UNELECTED BONUS DEPRECATION.  Full Article

CNX Resources Announces 2018 Capital Budget Of $790-$880 Mln
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Cnx Resources Corp ::CNX RESOURCES CORPORATION ANNOUNCES 2018 CAPITAL BUDGET OF $790-$880 MILLION AND OPERATIONAL FORECAST; 35-DAYS OF DATA FOR THE AIKENS 5J AND 5M DRY UTICA WELLS.CNX RESOURCES CORP - ‍CNX IS MAINTAINING ITS 2018 EXPECTED PRODUCTION VOLUMES OF 520-550 BCFE​.CNX RESOURCES CORP - ‍CNX EXPECTS MIDSTREAM CAPITAL IN 2018 TO BE APPROXIMATELY $100 MILLION​.CNX RESOURCES CORP - CNX PLANS TO RUN THREE RIGS THROUGH FIRST HALF OF 2018 AND WILL ADD A FOURTH RIG STARTING IN JULY.CNX RESOURCES - ‍BASED ON CURRENT NYMEX NATURAL GAS PRICES, AS OF JAN 3, 2018, EXPECTS ADJUSTED 2018 EBITDA ATTRIBUTABLE TO CNX OF $845 MILLION-$895 MILLION​.CNX RESOURCES - EXPECTS TO CONTINUE PREVIOUSLY ANNOUNCED SHARE BUYBACK PROGRAM, OF WHICH CO HAS BOUGHT BACK ABOUT $100 MILLION TO-DATE.  Full Article

Noble Energy Divests Interest in General Partner of Cone Midstream to CNX Resources
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Noble Energy Inc ::NOBLE ENERGY DIVESTS ITS INTEREST IN THE GENERAL PARTNER OF CONE MIDSTREAM TO CNX RESOURCES.NOBLE ENERGY INC- DEAL FOR $305 MILLION.NOBLE ENERGY INC - ‍COMPANY HAS TERMINATED ITS PRIOR AGREEMENT TO DIVEST ITS ENTIRE MARCELLUS MIDSTREAM HOLDINGS TO WHEELING CREEK MIDSTREAM​.NOBLE ENERGY - CO IS RETAINING ITS 21.7 MILLION COMMON LIMITED PARTNER UNITS AND PLANS TO MAXIMIZE VALUE THROUGH DIVESTMENT OF UNITS OVER NEXT FEW YEARS.NOBLE ENERGY INC- SIGNED A DEFINITIVE AGREEMENT WITH CNX RESOURCES TO DIVEST CO'S 50 PERCENT INTEREST IN CONE GATHERING LLC.  Full Article

CNX Resources Says Entered Into Amendment No. 4 With Certain Lenders, Others
Friday, 1 Dec 2017 

Dec 1 (Reuters) - CNX Resources Corp ::CNX RESOURCES CORP - ENTERED INTO AMENDMENT NO. 4, DATED AS OF NOVEMBER 27, 2017 WITH CERTAIN LENDERS, OTHERS - SEC FILING.CNX RESOURCES CORP - AMENDMENT AMENDS AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF JUNE 18, 2014.CNX RESOURCES- AMENDMENT AMENDS AGREEMENT TO ALLOW SPINOFF OF COAL ASSETS OF CO AS CONTEMPLATED BY FORM 10 OF CONSOL MINING FILED WITH U.S. SEC.CNX RESOURCES CORP - AMENDMENT ALSO REDUCES MAXIMUM FACILITY AMOUNT UNDER CREDIT AGREEMENT FROM $2.5 BILLION TO $2.0 BILLION.CNX RESOURCES CORP - AMENDMENT ALSO REDUCES LETTER OF CREDIT SUBLIMIT AVAILABLE TO COMPANY, AND CAPS REVOLVING CREDIT COMMITMENTS AT $1.5 BILLION.  Full Article

Consol Energy - Q3 loss per share $0.11
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Consol Energy Inc :Consol Energy reports third quarter results; Utica Shale production increased by 45% quarter-over-quarter; E&P division operating costs were lowered to $2.26 per Mcfe; closed on asset sales totaling $427 million year-to-date.Q3 loss per share $0.11.Q3 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Consol Energy Inc - qtrly adjusted loss per share ‍$0.15​.Consol Energy Inc - qtrly total revenue and other income $‍671​.3 million versus $745.6 million last year.Consol Energy Inc - ‍maintains its E&P division production guidance for 2017 of approximately 405-415 Bcfe​.Consol Energy Inc - ‍maintains its total E&P capital expenditures guidance in 2017 of about $620 million -$645 million​.Consol Energy Inc - qtrly ‍total dilutive loss per share​ $0.11.Consol Energy Inc - ‍during Q3, Consol's E&P division sold 101.0 Bcfe, or an increase of 5% from 96.4 Bcfe sold in year-earlier quarter​.Q3 revenue view $626.2 million -- Thomson Reuters I/B/E/S.Consol Energy Inc - ‍total hedged natural gas production for E&P division in 2017 Q4 is 83.1 Bcf​.Consol Energy Inc - qtrly coal production 6.1 million tons versus 6.2 million tons‍​.Consol Energy Inc - sees ‍2018 production guidance of 520-550 Bcfe​.  Full Article

Consol Mining Corp announces pricing of $300 mln of senior secured second lien notes
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Consol Energy Inc :Consol Mining Corporation announces pricing of $300 million of senior secured second lien notes.Consol Energy Inc - ‍pricing of $300 million of its 11.00 pct senior secured second lien notes due 2025​.Consol Energy - ‍pricing of $300 million of 11.00 pct senior secured second lien notes due 2025 at price of 100 pct of their face value in a private offering​.  Full Article

UPDATE 2-Baltimore lawsuit blames oil and gas companies for climate change

July 20 The city of Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp , for knowingly contributing to what the city called the catastrophic consequences of climate change.