CNX 📈 CNX Resources - Overview

CNX Resources Corporation is a leading independent natural gas and midstream company, primarily focused on the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company's operations are divided into two main segments: Shale and Coalbed Methane (CBM), each with its own unique set of opportunities and challenges. In the Shale segment, CNX Resources engages in the production and sale of pipeline quality natural gas, primarily to gas wholesalers, leveraging its extensive rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio. Additionally, the company holds rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia, providing a diverse portfolio of assets.

CNX Resources also has a significant presence in the Coalbed Methane (CBM) segment, with rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. To support its natural gas operations, the company designs, builds, and operates natural gas gathering systems, which enable the efficient transportation of gas from the wellhead to interstate pipelines or other local sales points. With approximately 2,600 miles of natural gas gathering pipelines and various natural gas processing facilities, CNX Resources has a robust infrastructure in place to manage its production activities. Furthermore, the company offers turn-key solutions for water sourcing, delivery, and disposal, not only for its own natural gas operations but also for third-party clients, highlighting its commitment to providing comprehensive services.

With a rich history dating back to 1860, CNX Resources Corporation has evolved significantly over the years, adapting to changes in the energy landscape and refining its focus on natural gas and midstream operations. Formerly known as CONSOL Energy Inc., the company changed its name to CNX Resources Corporation in November 2017, marking a new chapter in its development. Headquartered in Canonsburg, Pennsylvania, CNX Resources is well-positioned to capitalize on opportunities in the Appalachian Basin, with a strong foundation in shale and CBM production, as well as a robust midstream infrastructure. The company's common stock is listed on the NYSE under the ticker symbol CNX, and it is classified under the GICS Sub Industry: Oil & Gas Exploration & Production, reflecting its core business activities.