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CNX Resources Corp (CNX.N)

CNX.N on New York Stock Exchange

14.55USD
18 Sep 2018
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Latest Key Developments (Source: Significant Developments)

CNX Q2 Adjusted Earnings Per Share $0.33
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - CNX Resources Corp ::CNX REPORTS SECOND QUARTER RESULTS; QUARTERLY PRODUCTION OF 122.6 BCFE; TOTAL PRODUCTION COSTS FALL TO $2.00 PER MCFE; REDUCES TOTAL SHARES OUTSTANDING BY 8% SINCE OCTOBER 2017.Q2 ADJUSTED EARNINGS PER SHARE $0.33.Q2 EARNINGS PER SHARE $0.19.Q2 EARNINGS PER SHARE VIEW $0.14 -- THOMSON REUTERS I/B/E/S.REAFFIRMS 2018 PRODUCTION GUIDANCE OF 490-515 BCFE.SEES 2018 NET CAPITAL EXPENDITURES, TO INCREASE TO APPROXIMATELY $900 MILLION -$950 MILLION.  Full Article

CNX Announces Deal To Sell Ohio Utica JV Assets For $400 Mln
Friday, 29 Jun 2018 

June 29 (Reuters) - CNX Resources Corp ::PRESS RELEASE - CNX ANNOUNCES AGREEMENT TO SELL OHIO UTICA JOINT VENTURE ASSETS FOR $400 MILLION.CNX RESOURCES SAYS AS A RESULT OF TRANSACTION, CNX EXPECTS TO RECORD A NON-CASH GAIN OF APPROXIMATELY $135 MILLION IN Q3 2018.CNX RESOURCES SAYS DOES NOT EXPECT TO PAY TAXES ON TRANSACTION DUE TO UTILIZATION OF EXISTING NET OPERATING LOSSES.CNX RESOURCES- SEES DIVESTITURE RESULTING IN 10 BCFE REDUCTION TO 2018 PRODUCTION OUTLOOK BASED ON OHIO WET UTICA VOLUMES PLANNED FROM Q3 CLOSE DATE TO YEAR END.CNX RESOURCES - FULL-YEAR 2018 PRODUCTION GUIDANCE IS EXPECTED TO BE 490-515 BCFE, COMPARED TO PREVIOUS GUIDANCE OF 500-525 BCFE.CNX RESOURCES -FOR 2019, 2020, DIVESTITURE EXPECTED TO REDUCE TOTAL PRODUCTION VOLUMES BY 20-25 BCFE, ADJUSTED EBITDAX TO SHAREHOLDERS BY $25-$35 MILLION.CNX RESOURCES SAYS EXPECTS REDUCTION OF ABOUT $15 MILLION TO 2018 EBITAX ATTRIBUTABLE TO CNX SHAREHOLDERS, OR $810-$835 MILLION, VERSUS PREVIOUS GUIDANCE.  Full Article

Hess Announces $400 Mln Sale Of Utica Acreage
Friday, 29 Jun 2018 

June 29 (Reuters) - Hess Corp ::HESS ANNOUNCES SALE OF UTICA ACREAGE.HESS CORP - DEAL FOR APPROXIMATELY $400 MILLION.HESS CORP - DEAL FOR NET CASH CONSIDERATION OF APPROXIMATELY $400 MILLION.HESS CORP - DIVESTITURE CONSISTS OF APPROXIMATELY 39,000 NET ACRES INCLUDING 26,000 NET UNDEVELOPED ACRES.HESS CORP - HESS HOLDS A 50 PERCENT WORKING INTEREST AS PART OF A JOINT VENTURE WITH CNX RESOURCES.HESS CORP - DECIDED TO RETAIN INTERESTS IN DENMARK, WHERE COMPANY HOLDS A 61.5 PERCENT INTEREST IN SOUTH ARNE FIELD AND IS OPERATOR.HESS CORP - OFFERS RECEIVED IN A PREVIOUSLY ANNOUNCED DENMARK SALE PROCESS DID NOT MEET COMPANY'S VALUE EXPECTATIONS.HESS CORP - IN NORMAL COURSE OF BUSINESS, COMPANY WILL CONTINUE TO LOOK AT STRATEGIC OPTIONS FOR DENMARK ASSET.  Full Article

CNX Reports Preliminary First Quarter Results
Friday, 27 Apr 2018 

April 27 (Reuters) - CNX Resources Corp ::CNX REPORTS PRELIMINARY FIRST QUARTER RESULTS.PRELIMINARY Q1 TOTAL REVENUES AND OTHER OPERATING INCOME $471 MILLION TO $521 MILLION.Q1 REVENUE VIEW $389.1 MILLION -- THOMSON REUTERS I/B/E/S.PRELIMINARY Q1 NET INCOME OF BETWEEN $518 MILLION AND $573 MILLION.PRELIMINARY Q1 PRODUCTION VOLUMES OF BETWEEN 123 BCFE AND 136 BCFE, COMPARED TO 95 BCFE SOLD IN Q1 OF 2017.CNX RESOURCES - PRELIMINARY Q1 CAPITAL EXPENDITURES OF BETWEEN $221 MILLION AND $244 MILLION VERSUS $104 MILLION IN Q1 2017.CNX RESOURCES - PRELIMINARY Q1 PRODUCTION COSTS OF BETWEEN $2.00 PER MCFE AND $2.21 MCFE VERSUS $2.32 PER MCFE IN Q1 2017.  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

Consol Energy board of directors gives final approval to separation of the coal and E&P businesses
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Consol Energy Inc :Consol Energy board of directors gives final approval to separation of the coal and E&P businesses; board authorizes increase to share repurchase program.Consol Energy Inc - ‍board approved an increase in aggregate amount of repurchase plan to $450 million​.Consol Energy - stockholders to get one share of common stock of Coalco for every 8 shares of Consol stock held as of close of business on Nov. 15​.Consol Energy Inc - ‍in connection with distribution, Consol Energy will change its name to CNX Resources Corporation​.Consol Energy Inc - ‍Consol Energy will retain its ticker symbol "CNX" on New York Stock Exchange​.Consol Energy - ‍Consol Mining Corporation to change name to Consol Energy Inc, and stock will trade on NYSE under ticker symbol "CEIX"​.Consol Energy Inc - ‍CNX Coal Resources LP will change its name to Consol Coal Resources LP​.Consol Energy - ‍CNX Coal Resources to change NYSE ticker symbol to "CCR" from "CNXC", and common units will continue to be listed on NYSE​.  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.