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CNX Resources Corporation Announces First Quarter 2024 Financial Results and Q&A Conference Call Schedule
Prnewswire· 2024-04-03 10:45
PITTSBURGH, April 3, 2024 /PRNewswire/ -- CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q1 2024 at 6:45 a.m. Eastern Time on Thursday, April 25. At that time, CNX will issue a brief press release containing links to its prepared remarks for the quarter, presentation materials, and supplemental information providing a Q1 2024 update. These materials will be available on CNX's Investor Relations website. This release will be followed by a Q&A conference call and webcast. Q&A Confere ...
CNX Resources (CNX) Cuts 2024 Production & Capital Investment
Zacks Investment Research· 2024-03-13 17:20
CNX Resources Corporation (CNX) , to accommodate continued lower outlook for near- term natural gas prices, decided to lower its 2024 production volumes and also reduce planned capital expenditure. The strategic move of the company will allow it from pushing incremental natural gas volumes into the current oversupplied market.Reduction in Annual GuidanceCNX Resources now expects its 2024 annual production volumes in the range of 540-560 billion cubic feet equivalent (Bcfe), down from the previous expectatio ...
CNX Announces Operational and Guidance Update
Prnewswire· 2024-03-12 10:45
PITTSBURGH, March 12, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today announced an operational and guidance update. In response to the continued lower outlook for near term natural gas prices, the company will delay completions activities on three upcoming Marcellus Shale pads consisting of 11 wells to avoid bringing incremental volumes into the current oversupplied market. As a result of these changes to the operational plan, the company now expects the following ...
Chemstream Inc. Announces Full Compliance with Historic Radical Transparency Initiative
Prnewswire· 2024-02-27 17:15
HOMER CITY, Pa., Feb. 27, 2024 /PRNewswire/ -- Today, Chemstream Inc., in conjunction with CNX Resources Corporation (NYSE: CNX), announced it has become the first service provider to fully comply with the historic Radical Transparency initiative, which was launched as part of the collaboration between CNX and Pennsylvania Governor Josh Shapiro's Administration in November 2023. Across the company, Chemstream, a leading specialty chemical manufacturing and distribution company that supports a wide range of ...
CNX Resources Corporation Announces Closing of $400 Million Senior Notes Offering
Prnewswire· 2024-02-23 21:15
PITTSBURGH, Feb. 23, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we," or "our") today announced the closing of its private placement of $400 million aggregate principal amount of its 7.250% senior notes due 2032 (the "Notes"). The Notes were offered under an indenture, dated February 23, 2024 (the "Indenture"), among CNX, the subsidiary guarantors party thereto and UMB Bank, N.A., as trustee. The Notes are guaranteed by all of CNX's wholly-owned domestic restricted subsidiaries that ...
Three Years Since Inception, CNX Foundation and Mentorship Academy Build on Success Addressing Region's Complex Societal Challenges
Prnewswire· 2024-02-21 11:45
Company's Unique Tangible, Impactful, Local Approach to Community Investment Continues to Evolve and Expand CNX CEO Compensation Reduction for 2024 to be Invested into Mentorship Academy Expansion, Community Directed Projects within CNX Operational Footprint, and Expansion of Existing Community Partnerships in Underserved Rural and Urban Communities PITTSBURGH, Feb. 21, 2024 /PRNewswire/ -- Building on the CNX Foundation and Mentorship Academy's record of success in making a substantive difference on the co ...
CNX Resources Corporation Announces Final Results and Expiration of Tender Offer for its 7.250% Senior Notes due 2027
Prnewswire· 2024-02-19 21:15
PITTSBURGH, Feb. 19, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX") today announced the final results and expiration of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the $350 million aggregate principal amount outstanding of its 7.250% Senior Notes due 2027 (the "2027 Notes"). As of 5:00 p.m., New York City time, on February 16, 2024, the expiration time for the Tender Offer (the "Expiration Time"), CNX had received tenders for an aggregate pr ...
CNX Resources Corporation Announces Pricing Terms of Cash Tender Offer for its 7.250% Senior Notes due 2027
Prnewswire· 2024-02-16 21:15
PITTSBURGH, Feb. 16, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX") today announced the pricing terms of the previously announced cash tender offer to purchase (the "Tender Offer") any and all of its outstanding 7.250% Senior Notes due 2027 (the "Notes"). The "Purchase Price" for each $1,000 principal amount of the Notes validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase b ...
CNX Resources Corporation Announces Pricing of $400 Million of Senior Notes
Prnewswire· 2024-02-12 23:01
PITTSBURGH, Feb. 12, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX," "we," or "our") today announced the pricing of $400 million of its 7.250% senior notes due 2032 (the "Notes") at a price to the public of 100.0% of their face value. The offering of Notes is expected to close on February 23, 2024, subject to the satisfaction of customary closing conditions. The Notes will be guaranteed by all of CNX's restricted subsidiaries that guarantee its revolving credit facility. CNX intends to us ...
CNX Announces 2023 Year End Reserves
Prnewswire· 2024-02-08 21:15
PITTSBURGH, Feb. 8, 2024 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") announced today its year-end reserves update as of December 31, 2023. The Company reported 2023 total proved reserves of 8,741 Bcfe, comprised of 6,028 Bcfe of proved developed reserves and 2,713 Bcfe of proved undeveloped reserves. Development activity in 2023 converted 819 Bcfe of proved undeveloped reserves, achieving a 1.46x proved developed replacement ratio. Future finding and development costs for ...