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CNX Resources Corp (CNX.N)

CNX.N on New York Stock Exchange

7.44USD
21 Nov 2019
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Latest Key Developments (Source: Significant Developments)

CNX Reports Q3 Earnings Per Share $0.61
Tuesday, 29 Oct 2019 

Oct 29 (Reuters) - CNX Resources Corp ::CNX REPORTS THIRD QUARTER RESULTS AND PROVIDES UPDATED 2019 AND 2020 GUIDANCE.Q3 EARNINGS PER SHARE $0.61.Q3 EARNINGS PER SHARE ESTIMATE $-0.02 -- REFINITIV IBES DATA.SAYS UPDATING 2019 PRODUCTION VOLUMES TO 530-540 BCFE, COMPARED TO PREVIOUS GUIDANCE OF 510-530 BCFE.SAYS UPDATING 2020 PRODUCTION VOLUMES TO 535-565 BCFE, COMPARED TO PREVIOUS GUIDANCE OF 570-595 BCFE.SAYS FOR 2019 AND 2020 COMBINED, COMPANY EXPECTS TO SPEND APPROXIMATELY $80 MILLION LESS CAPITAL THAN PREVIOUSLY ANNOUNCED.QUARTERLY TOTAL REVENUE AND OTHER OPERATING INCOME $530 MILLION VERSUS $397.1 MILLION.NOW SEES FY 2019 CAPEX IN RANGE OF $1.2 BILLION-$1.245 BILLION.  Full Article

CNX Resources Posts Q1 Loss Per Share of $0.44
Tuesday, 30 Apr 2019 

April 30 (Reuters) - CNX Resources Corp ::CNX REPORTS FIRST QUARTER RESULTS AND PROVIDES UPDATED 2019 GUIDANCE.Q1 LOSS PER SHARE $0.44.Q1 EARNINGS PER SHARE ESTIMATE $0.22 -- REFINITIV IBES DATA.QTRLY SALES VOLUMES OF 133 BCFE, OR AN INCREASE OF 3% FROM 130 BCFE SOLD IN Q1 OF 2018.UPDATED ACTIVITY SET AND CAPITAL PROGRAM IS POSITIONING CO TO DELIVER ABOUT $500 MILLION IN FREE CASH FLOW IN 2020.QTRLY UPDATED ACTIVITY SET AND CAPITAL PROGRAM IS POSITIONING COMPANY TO DELIVER APPROXIMATELY $500 MILLION IN FREE CASH FLOW IN 2020.REAFFIRMS 2019 PRODUCTION VOLUMES OF 495-515 BCFE.SEES 2019 TOTAL CONSOLIDATED CAPITAL CAPITAL EXPENDITURES $1,205 MILLION - $1,275 MILLION.CNX RESOURCES - FOR 2019 AND 2020 COMBINED, UPDATED CAPITAL SPEND IS ABOUT $885 MILLION IN D&C CAPITAL TO TURN-IN-LINE 86 WELLS.SEES 2020 FREE CASH FLOW OF ABOUT $500 MILLION.SEES 2020 PRODUCTION OF ABOUT 555 BCFE.SEES 2020 CASH MARGIN OF $1.00/MCFE.QTRLY TOTAL REVENUE AND OTHER OPERATING INCOME $278.4 MILLION VERSUS $495.7 MILLION.  Full Article

Cnx Resources Corporation Announces Final Results And Expiration Of Tender Offer For Its 5.875% Senior Notes Due 2022
Thursday, 28 Mar 2019 

CNX Resources Corp ::CNX RESOURCES CORPORATION ANNOUNCES FINAL RESULTS AND EXPIRATION OF TENDER OFFER FOR ITS 5.875% SENIOR NOTES DUE 2022.  Full Article

CNX Announces Increase In Proved Reserves To 7.9 Tcfe
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - CNX Resources Corp ::CNX ANNOUNCES INCREASE IN PROVED RESERVES TO 7.9 TCFE.CNX RESOURCES CORP - TOTAL PROVED RESERVES OF 7.9 TCFE, AS OF DECEMBER 31, 2018, WHICH IS A 4% INCREASE.CNX RESOURCES CORP - FUTURE DEVELOPMENT COSTS FOR PROVED UNDEVELOPED RESERVES (PUDS) ARE ESTIMATED TO BE APPROXIMATELY $1.434 BILLION, OR $0.42 PER MCFE..  Full Article

Hi-Crush announces integrated agreement for Northern White Frac sand with Cnx Resources
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Hi Crush Partners LP ::HI-CRUSH ANNOUNCES INTEGRATED AGREEMENT FOR NORTHERN WHITE FRAC SAND WITH CNX RESOURCES.HI CRUSH PARTNERS LP - CNX WILL UTILIZE ONE FB SILO SYSTEM AND RELATED LOGISTICS WITH OPTION TO EXPAND BASED ON DEMAND.HI CRUSH PARTNERS LP - ENTERED INTO A NEW, LONG-TERM FRAC SAND SUPPLY AGREEMENT WITH CNX RESOURCES.  Full Article

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