Cnx Res Corp Stock Price, News & Analysis

On January 19, 2023, CONSOL Energy Inc. (NYSE: CEIX) announced the promotion of Mitesh B. Thakkar to President, in addition to his role as Chief Financial Officer. This strategic promotion is part of the company's succession planning and aims to enhance operational leadership. Thakkar has successfully reduced net debt by 83% since 2020 and has been pivotal in navigating the company through challenges posed by the COVID-19 pandemic. The board also approved a capital expenditure of approximately $28 million for 2023-2026 to support sustainability goals, including a 50% reduction in greenhouse gas emissions by 2026. This investment reflects a commitment to growth and shareholder value.

CNX Resources Corp. (NYSE: CNX) will announce its Q4 2022 financial results on January 26, 2023, at 6:45 a.m. ET. A brief press release will accompany the announcement, providing a link to presentation materials available on CNX's Investor Relations website. This will be followed by a conference call at 10:00 a.m. ET the same day, with dial-in details provided. CNX is positioned as a low carbon intensive natural gas company with significant assets in Appalachia, holding 9.63 trillion cubic feet of proved natural gas reserves as of December 31, 2021.

CNX Resources Corp. announced its Appalachia First initiative, aiming to transform the Appalachian region into a hub for energy, manufacturing, and technology. The strategy focuses on leveraging the region's natural gas resources to drive economic growth while promoting sustainable practices. Key objectives include enhancing local economies through low-emission natural gas, deploying innovative technologies, and reducing reliance on higher carbon fuels. The initiative aligns with CNX's commitment to ESG excellence and job creation, reinforcing its legacy in the energy sector.

CNX Resources Corporation (NYSE: CNX) and New Frontier Aerospace, Inc. (NFA) have announced a partnership to utilize abated methane emissions for their advanced hypersonic aircraft's flight tests. The agreement aims for carbon-neutral air travel, significantly reducing environmental impacts compared to current jets. CNX will sell its carbon-negative methane to NFA at a premium, funding further methane capture initiatives. This collaboration positions CNX as a leader in sustainable energy, targeting a low carbon intensity future for air travel.

CNX Resources Corporation (NYSE: CNX) released its third quarter financial results on October 27, 2022. The earnings report includes detailed information on production volumes, hedging data, and financial statements. CNX highlights its status as a low carbon natural gas development company, with over 9.63 trillion cubic feet of proved natural gas reserves as of December 31, 2021. Investors can access the full earnings report and presentation materials via the company's website.

CONSOL Energy Inc. (NYSE: CEIX) plans to release its third quarter earnings on November 1, 2022, before market opening. A conference call with management will follow at 11:00 a.m. ET, accessible via a live webcast on its Investor Relations page. CONSOL is a leading producer of high-Btu thermal and metallurgical coal, operating the productive Pennsylvania Mining Complex and developing the Itmann project. The complex has a production capacity of 28.5 million tons annually, with substantial coal reserves across various basins in the eastern U.S.

CNX Resources Corp. (NYSE: CNX) will release its Q3 2022 financial results on October 27, 2022, at 6:45 a.m. ET. Following the press release, a conference call will occur at 10:00 a.m. ET, allowing investors and analysts to gain insights into the company’s performance. CNX, known for its low carbon-intensive natural gas operations in Appalachia, reported 9.63 trillion cubic feet of proved gas reserves as of December 31, 2021. The call can be accessed via dial-in or webcast, with a replay available on the Investor Relations website.

CNX Resources Corporation (NYSE: CNX) announced the closing of a private placement of $500 million in senior notes with a 7.375% interest rate due in 2031. The proceeds will be utilized to buy back up to $350 million of its 7.25% senior notes due 2027 and to repay borrowings from its revolving credit facility. The notes are not registered under the Securities Act and are offered only to qualified institutional buyers. CNX operates mainly in the Appalachian basin, focusing on natural gas development and production.

CNX Resources Corporation (NYSE: CNX) has received tenders for $385,586,000 of its 7.25% Senior Notes due 2027 in a cash tender offer initially set to purchase up to $350 million. The offer was oversubscribed by the Early Tender Deadline on September 23, 2022, resulting in a prorated acceptance rate of approximately 90.8%. The offer expires on October 7, 2022. Citigroup Global Markets Inc. is acting as the Dealer Manager for this process. The company is focused on natural gas development in the Appalachian basin.