3 May 2018quarterly activities report● Neutral
CNX Resources Corp reported quarterly revenue of $485.0 million and net income of $527.6 million for the period ended 2018-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 May 2018quarterly activities report● Neutral
CNX Resources Corp reported quarterly revenue of $485.0 million and net income of $527.6 million for the period ended 2018-03-31.
30 Apr 2018quarterly activities report● Neutral
CNX issued preliminary first-quarter 2018 results, with net income of $518-573 million including a gain on its previously held CNX Gathering stake, and total revenues of $471-521 million. Full results were due on May 3.
16 Mar 2018asset acquisition disposition▲ Good
CNX sold CNX Midstream Partners the remaining 95% of the gathering system serving its Shirley-Penns area for $265 million cash, funded by CNX Midstream's own new $400 million bond issue - a routine 'dropdown' of gathering assets into the MLP.
12 Mar 2018debt financing● Neutral
CNX Resources replaced its 2014 credit facility with a new $2.1 billion senior secured revolving credit facility.
14 Feb 2018substantial holder notice● Neutral
Greenlight Capital, Inc, DME Advisors, LP, DME Capital Management, LP, DME Advisors GP, LLC, David Einhorn reported a CNX Resources Corp shareholding of 17,807,181 shares (7.70% of votes) in a periodic institutional filing.
13 Feb 2018director interest notice● Neutral
CNX Resources Corp director Maureen Lally-green bought 1,500 shares on the open market at $12.98.
13 Feb 2018director interest notice● Neutral
CNX Resources Corp director William N Thorndike Jr. bought 35,000 shares on the open market at $12.80.
8 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a CNX Resources Corp shareholding of 13,777,929 shares (5.98% of votes) in a periodic institutional filing.
5 Feb 2018substantial holder notice● Neutral
Franklin Mutual Advisers, LLC reported no remaining CNX Resources Corp shareholding in its periodic institutional filing.
2 Feb 2018director interest notice● Neutral
CNX Resources Corp Interim Controller Jason L. Mumford received 1,837 shares as part of the equity award.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp EVP - Chief Administrative Off Stephen W Johnson acquired 163,578 shares and disposed of 47,070 in a set of related equity transactions.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp EVP & Chief Op. Officer - E&P Timothy C Dugan acquired 144,791 shares and disposed of 37,958 in a set of related equity transactions.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp director Bernard Lanigan Jr. received 7,310 shares as part of the equity award.
1 Feb 2018substantial holder notice● Neutral
Southeastern Asset Management, Inc. I.D. No, Longleaf Partners Fund I.D. No, Longleaf Partners Small-Cap Fund I.D. No, O. Mason Hawkins I.D. No. XXX-XX-XXXX reported a CNX Resources Corp shareholding of 54,121,559 shares (23.50% of votes) in a periodic institutional filing.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp director J. Palmer Clarkson received 7,310 shares as part of the equity award.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp President and CEO N J Deiuliis acquired 634,735 shares and disposed of 297,315 in a set of related equity transactions.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp director Maureen Lally-green received 7,310 shares as part of the equity award.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp Interim Controller Jason L. Mumford acquired 1,875 shares and disposed of 453 in a set of related equity transactions.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp EVP & Chief Financial Officer Donald W. Rush acquired 53,996 shares and disposed of 1,738 in a set of related equity transactions.
1 Feb 2018director interest notice● Neutral
CNX Resources Corp director William E Davis received 7,310 shares as part of the equity award.
30 Jan 2018quarterly activities report● Neutral
CNX reported fourth-quarter 2017 net income from continuing operations of $282 million ($1.24 per diluted share) on total revenue of $333.3 million. Production hit a record 118.9 Bcfe, up 17% from a year earlier.
29 Jan 2018substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial CNX Resources Corp shareholding (7.50% of votes).
3 Jan 2018asset acquisition disposition▲ GoodMajor
CNX completed the $305 million buyout of Noble Energy's 50% interest in CONE Gathering, giving CNX full ownership of its midstream joint venture.
20 Dec 2017substantial holder notice● Neutral
CNX Resources and two subsidiaries reported holding 21,692,198 CONE Midstream Partners common units (34.1%). They also disclosed a December 14, 2017 agreement to buy Noble's 50% interest in CONE Gathering for $305 million.
18 Dec 2017material agreement▲ GoodMajor
CNX Gas agreed to buy Noble Energy's remaining 50% stake in their CONE Gathering midstream joint venture for $305 million cash, which would make CNX Midstream a single-sponsor MLP fully owned by CNX.
4 Dec 2017asset acquisition disposition● NeutralMajor
This 8-K formally documents the November 28, 2017 split of the company into two listed companies: the renamed CNX Resources Corporation (keeps the natural gas business, ticker CNX) and a new coal company, CONSOL Energy Inc. (CEIX). Shareholders of record on November 15, 2017 received one CEIX share for every eight CNX shares (about 28.0 million CEIX shares distributed in total), with cash paid for fractions. The coal assets (including the Pennsylvania Mining Complex, Baltimore Marine Terminal and the interest in CONSOL Coal Resources LP) went to the new company. Five directors (Carpenter, Mills, Platt, Powell, Roberson) and coal COO James Brock moved to the coal company, leaving a six-person CNX board. The two companies signed agreements covering transition services, taxes, employees, intellectual property and name licences; each is barred from using the other's name in its own business for five years. This completes the spin-off planned and described in earlier filings.
1 Dec 2017director interest notice● Neutral
Jason L. Mumford became a CNX Resources Corp Interim Controller and company insider (initial ownership filing).
1 Dec 2017debt financing▲ GoodMajor
Having just completed its long-planned separation into a pure-play natural gas company (renamed CNX Resources Corporation) and a standalone coal company (new CONSOL Energy Inc., ticker CEIX) on November 28, 2017, CNX amended its credit facility to reflect the split, shrinking the facility from $2.5 billion to $2.0 billion now that coal assets are gone.
30 Nov 2017substantial holder notice● Neutral
CNX Resources reported it held no common units of CONSOL Coal Resources LP after completing the spin-off of its coal business on November 28, 2017. The coal assets, including those units, moved to the newly independent CONSOL Energy.