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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 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

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

CNX Coal Resources qtrly ‍coal sales up 5 pct to 1.6 mln tons​
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Cnx Coal Resources LP : :CNX Coal Resources LP announces results for the third quarter 2017.CNX Coal Resources LP qtrly ‍coal sales improve 5% to 1.6 million tons​.CNX Coal Resources LP sees 2017 coal sales of 6.50-6.75 million tons​.CNX Coal Resources LP qtrly ‍total coal revenue $69.8 million versus $66.9 million​.CNX Coal Resources LP sees 2017 adjusted EBITDA of $95-$102 million​.CNX Coal Resources LP - ‍demand and pricing for co's export coal continued to strengthen throughout Q3 and into october​.CNX Coal Resources LP - ‍"reviewing various cost reduction measures to offset soft Q3 results​".CNX Coal Resources LP - ‍reducing planned capital spending for remainder of year, adjusting guidance ranges to reflect soft Q3 results​.  Full Article

Consol Mining announces private offering of $350 mln of senior secured second lien notes
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Consol Energy Inc -:Consol Mining Corporation announces private offering of $350 million of senior secured second lien notes.Consol Energy Inc - intends to offer and sell to eligible purchasers $350 million of senior secured second lien notes due 2025​.Consol Energy says to use net proceeds of sale of notes to refinance existing indebtedness of CNX coal resources under revolving credit facility​.  Full Article

Consol Energy Q3 EPS $0.11; sees FY E&P division production 390-395 Bcfe
Tuesday, 1 Nov 2016 

Consol Energy Inc : Consol Energy inc - sees 2016 E&P division total yearly production 390-395 Bcfe . Consol Energy inc says q3 total revenue and other income $745.6 million versus. $720.9 million last year . Consol Energy -during q3 of 2016, E&P division produced 96.4 bcfe, or an increase of 12% from 86.1 Bcfe produced in year-earlier quarter . Consol Energy inc - consol Energy's PA mining operations sold 6.0 million tons in 2016 q3, compared to 5.7 million tons during year-earlier quarter . Consol Energy inc - is currently in borrowing base reaffirmation process and expects it to be complete in November . Consol Energy inc - consol Energy's 2016 total consolidated pa mining operations capital expenditures is reduced to now be between $60-$76 million . Consol Energy inc - consol Energy now expects total consolidated annual 2016 pa mining operations sales to be approximately 23.6-24.4 million tons . Consol Energy inc - total hedged natural gas production in 2016 q4 is 63.6 bcf . Consol Energy reports third quarter results; net income of $25 million, or $0.11 per diluted share; dry utica well in Westmoreland County, Pennsylvania, cumulative production of 6.04 bcf; total liquidity improves to $1.4 billion . Q3 earnings per share $0.26 from continuing operations . Q3 earnings per share $0.11 . Q3 adjusted loss per share $0.15 from continuing operations.  Full Article

BRIEF-CNX Resources Q1 EPS $2.35

* CNX REPORTS FIRST QUARTER RESULTS; RECORD QUARTERLY PRODUCTION OF 129.5 BCFE; TOTAL PRODUCTION COSTS FALL TO $2.10 PER MCFE; REPURCHASES $200 MILLION OF COMMON STOCK SINCE OCTOBER 2017