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CNX Resources Corp (CNX.N)

CNX.N on New York Stock Exchange

10.46USD
22 Feb 2019
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Latest Key Developments (Source: Significant Developments)

CNX Reports Qtrly Earnings Per Share of $0.50
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - CNX Resources Corp ::CNX REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS AND PROVIDES UPDATED 2019 GUIDANCE.CNX RESOURCES - QTRLY EARNINGS PER SHARE $0.50.CNX RESOURCES - EXPECTS 2019 DRILLING AND COMPLETION CAPITAL OF AT LEAST $575 MILLION -$625 MILLION.CNX RESOURCES - EXPECTS ABOUT $175 MILLION OF CAPITAL ASSOCIATED WITH LAND, MIDSTREAM, AND WATER INFRASTRUCTURE FOR 2019.CNX RESOURCES - ON CONSOLIDATED BASIS, EXPECTS 2019 CAPITAL BUDGET OF $1,000 MILLION -$1,080 MILLION.CNX RESOURCES - EXPECTS MINIMUM BASE OF 2019 PRODUCTION VOLUMES OF AT LEAST 495 BCFE-515 BCFE.CNX RESOURCES - EXPECTS 2019 CONSOLIDATED ADJUSTED EBITDAX OF $945 MILLION-$985 MILLION.CNX RESOURCES - TOTAL HEDGED NATURAL GAS PRODUCTION IN Q1 IS 88.7 BCF.CNX RESOURCES - DURING Q4, CNX SOLD 136 BCFE OF NATURAL GAS.CONSOL ENERGY - QTRLY TOTAL REVENUE AND OTHER OPERATING INCOME $435.5 MILLION VERSUS $477 MILLION.Q4 EARNINGS PER SHARE VIEW $0.28, REVENUE VIEW $432.5 MILLION -- REFINITIV IBES DATA.  Full Article

CNX Reports Q4 Earnings Per Share $0.50
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Cnx Resources Corp ::CNX REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS AND PROVIDES UPDATED 2019 GUIDANCE.Q4 EARNINGS PER SHARE $0.50.Q4 EARNINGS PER SHARE ESTIMATE $0.28 -- REFINITIV IBES DATA.CNX MIDSTREAM PARTNERS - EXPECTS 2019 DRILLING & COMPLETION CAPITAL OF AT LEAST $575-$625 MILLION.CNX MIDSTREAM PARTNERS - EXPECTS ABOUT $175 MILLION OF CAPITAL ASSOCIATED WITH LAND, MIDSTREAM, WATER INFRASTRUCTURE FOR 2019.CNX MIDSTREAM PARTNERS LP - ON A CONSOLIDATED BASIS, EXPECTS 2019 CAPITAL BUDGET OF $1,000-$1,080 MILLION.  Full Article

CNX Resources Q3 Adjusted Earnings Per Share $0.17
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - CNX Resources Corp ::CNX REPORTS THIRD QUARTER RESULTS AND PROVIDES UPDATED GUIDANCE.Q3 EARNINGS PER SHARE $0.59.Q3 EARNINGS PER SHARE VIEW $0.19 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED EARNINGS PER SHARE $0.17.SAYS CO EXPECTS PRODUCTION TO PEAK FOR YEAR IN Q4 OF 2018 .MIDPOINT OF 2018 PRODUCTION GUIDANCE REMAINS UNCHANGED, BUT CO NARROWS RANGE TO 497.5-507.5 BCFE.EXPECTS 2018 CONSOLIDATED ADJUSTED EBITDAX TO INCREASE TO $990-$1,010 MILLION, COMPARED TO PREVIOUS GUIDANCE OF $945-$970 MILLION.EXPECTS 2018 CONSOLIDATED ADJUSTED EBITDAX PER OUTSTANDING SHARE TO BE $4.91, BASED ON MIDPOINT OF GUIDANCE RANGE.  Full Article

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
Saturday, 28 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