CNX Resources Corp.

CNX Resources Corp.

CNX Resources Corp.

Overview
Date Founded

1864

Headquarters

CNX Center,1000 Consol Energy Drive,Suite 400,Canonsburg, PA 15317-6506

Type of Company

Public

Employees (Worldwide)

451

Industries

Oil & Gas
Other Business & Consulting Services
Waste Management & Recycling
Engineering, Construction & Architecture
Power & Utilities

Company Description

CONSOL Energy, a publicly owned Pittsburgh-based producer of coal and natural gas, is one of the leading diversified energy companies in the United States of America. Our premium Appalachian coals are sold worldwide to electricity generators and steelmakers, and our Natural Gas Division has grown from a pure-play coalbed methane producer to a full-fledged exploration and production operation. We are a leading producer in the Marcellus Shale and we conduct an active exploration program in the Utica Shale. Since our founding in 1860 and our first active mining operations in 1864, CONSOL has powered the nation with affordable, abundant, reliable domestic energy. Today, CONSOL's more than 9,000 employees help generate the fuels - coal and natural gas - that comprise two thirds of the nation's power supply. Our energy supports the American way of life by helping deliver electricity 24/7, creating family-sustaining jobs and keeping our nation competitive in the global marketplace. Our strong record of environmental stewardship and our commitment to community have helped enable us to become the dynamic and accomplished energy company we are today. CONSOL Energy maintains the largest private research and development facility in the U.S. industry that is devoted exclusively to coal and energy utilization and production. In addition to supporting the production of CONSOL Energy's coal and gas operations, it also focuses on energy development, improving energy efficiency and reducing pollution. This facility was borne out of our core values - Safety, Compliance and Continuous Improvement - and enables us to identify opportunities and implement solutions that drive safety, production, and utilization of our strategic resources in smarter, more efficient ways. CONSOL Energy's coal mines are highly technical operating environments that require specialized training. The days of pick axes and shovels have been replaced with technologically advanced processes such as longwall mining, enhanced safety protocols, digital technologies and sophisticated communications technologies such as those employed at our centralized Communications Center at corporate headquarters. These advances have helped make the mining process safer and more productive, more than doubling resource recovery. CONSOL Energy's natural gas operations include coal bed methane extraction, conventional and shale gas exploration and production, all of which require expertise and technology that continues to evolve and advance. From safety to environmental protocols, techniques and equipment, advances in these areas are continuous, improving recovery, enhancing safety, and providing more environmentally protective methods

Contact Data
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Executives & Employees

Director, Chief Executive Officer & President

Senior Vice President & Chief Financial Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Vice President, General Counsel & Corporate Secretary

Chief Accounting Officer & Vice President

Vice President, Secretary Financial Reporting & Controller

Executive Vice President-Business Advancement & Support Services

Executive Vice President & Chief Excellence Officer

Board of Directors

Founding Partner at Housatonic Management Co., Inc.

Director, Chief Executive Officer & President at CNX Resources Corp.

Co-Founder at Southeast Asset Advisors, Inc.

Director, Office for Church Relations at Diocese of Pittsburgh, Inc.

Founder at Bridgestone Hosepower LLC

Former Partner at SPO Partners & Co.

Paths to CNX Resources Corp.
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CNX Resources Corp.
Owners & Shareholders
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SAM uses a value-oriented, long-term, bottom-up stock selection process. Their research team appraises businesses by studying financial statements, regulatory information, trade publications, and other industry and corporate data, and by talking with corporate management, competitors, and suppliers. They use two methods for their appraisal: (1) they seek to assess the company’s liquidation value based on the current economic worth of corporate assets and liabilities; and (2) they seek to determine the company’s ongoing value based on its ability to generate free cash flow after required capital expenditures and working capital needs. In selecting investments they look for companies with strong business and good people.

Details Hidden

Greenlight Capital is a value-oriented investment management firm that primarily invests and trades in long and short publicly listed equity securities, as well as distressed debt when cyclically attractive. The firm manages the Greenlight Capital Funds. The funds' main objective is to achieve capital appreciation by buying securities with trading values materially lower than their intrinsic values and by selling short securities with trading values materially higher than their intrinsic values. The funds seek to achieve high absolute rates of return while minimizing the risk of capital loss. Greenlight Capital focuses on buying publicly listed equity securities and corporate debt, but they may also invest in private placements, futures, currencies, commodities, credit default swaps, interest rate swaps, sovereign debt, derivatives and other instruments. Greenlight Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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AAI’s funds invests long and short in securities, consisting principally, but not solely, of corporate bonds and other fixed income securities, convertible securities, equity and equity-related securities issued by companies that are traded publicly in US markets. Each fund also may invest in ADRs, GDRs and other securities of non-US issuers, preferred stocks, warrants, rights, options (including covered and uncovered puts and calls and over-the-counter options), swaps, futures and other derivative instruments, currencies, private securities, money market instruments, cash and cash equivalents.

Recent Transactions
Details Hidden

CNX Resources Corp. purchases CNX Midstream Partners LP

Details Hidden

Diversified Gas & Oil Plc purchases CNX Gas Co. LLC /Appalachian Oil & Gas Assets from CNX Resources Corp.

Details Hidden

CNX Midstream Partners LP purchases CNX Midstream DevCo III GP LLC from CNX Resources Corp.

Transaction Advisors
Investment Advisor

Advised onCNX Resources Corp. purchases Dominion Resources, Inc. /Natural Gas & Oil Exploration Bus from Dominion Energy, Inc.

Legal Advisor

Advised onCNX Resources Corp. purchases CNX Midstream Partners LP

Legal Advisor

Advised onCNX Resources Corp. purchases Dominion Resources, Inc. /Natural Gas & Oil Exploration Bus from Dominion Energy, Inc.

Legal Advisor

Advised onCNX Resources Corp. purchases Dominion Resources, Inc. /Natural Gas & Oil Exploration Bus from Dominion Energy, Inc.

Legal Advisor

Advised onCoronado Coal LLC, Coronado IV LLC purchase Consol Energy, Inc. /Mining Assets from CNX Resources Corp.

Legal Advisor

Advised onCoronado Coal LLC, Coronado IV LLC purchase Consol Energy, Inc. /Mining Assets from CNX Resources Corp.

Advisors & Consultants
Legal Advisor

Attorney at Holland & Knight LLP

Legal Advisor

Of Counsel at Wachtell, Lipton, Rosen & Katz

Legal Advisor

Counsel at Reed Smith LLP

Clients

Centrica is a top 30 FTSE100 company. Our vision is to be the leading integrated energy company in our chosen markets in the UK and North America. Business description We are an integrated energy company operating predominately in the UK and North America. We understand that energy is essential for all of us, both now and for the future. That's why we are active in each stage of the energy lifecycle: from sourcing and generating to processing and storing; from trading and supplying to servicing and, crucially, to saving energy

CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia. It operates its business through the following segments: Anchor Systems and Additional Systems. The Anchor Systems segment includes four primary midstream systems such as, the McQuay System, the Majorsville System, the Mamont System and Shirley-Penns System. The Additional Systems segment includes several gathering systems primarily located in the wet gas regions of its acreage. The company was founded on May 30, 2014 and is headquartered in Canonsburg, PA.

CONSOL Coal Resources LP engages in the development of thermal coal operations. It manages Pennsylvania mining complex, which consists of underground mines, namely Bailey, Enlow Fork and Harvey. The company was founded on March 16, 2015 and is headquartered in Canonsburg, PA.

Key Stats and Financials As of 2020
Market Capitalization
$3.09B
Total Enterprise Value
$4.67B
Earnings Per Share
$-2.43
Revenue
$1.09B
EBITDA
$425M
EBITDAMargin
39.13%
Enterprise Value / Sales
4.3x
Enterprise Value EBITDAOperating
10.75x
TEVNet Income
-9.66x
Debt TEV
0.54x
Three Year Compounded Annual Growth Rate Of Revenue
-3.14%
Total Equity
$4.42B
Total Debt
$2.54B
Net Profit
$-484M
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
Political Donations
$1,500
2013
$500
2013
Investments
Details Hidden

Epiphany Solar Water Systems LLC provides solar-powered water purification systems. It is a low-cost, high-output, concentrated solar powered, water desalination and purification unit designed for field-level use throughout the developed and under-developed world, as well as at natural gas and oil well sites, military outposts, and emergency relief areas. The company was founded by Thomas A. Joseph, Christopher C. Newton and Henry M. Wandrie in 2005 and is headquartered in New Castle, PA.

Suppliers
MarkWest Energy Partners LP Oil & Gas | Denver, Colorado

MarkWest Energy Partners LP engages in the business of gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of natural gas liquids; and the gathering and transportation of crude oil. It operates through four segments: Marcellus, Utica, Northeast and Southwest. The Southwest segment includes the operations of processing facilities in Corpus Christi, Texas. The Northeast segment assets include the Kenova, Boldman, Cobb, Kermit and the Langley natural gas processing complexes, NGL pipeline and Siloam NGL fractionation facility. The Marcellus segment includes gathering, processing and fractionation infrastructure in the liquids-rich area of the Marcellus Shale The Utica segment provides fractionation services. The company was founded in January 2002 and is headquartered in Denver, CO.

CNX Midstream Partners LP Oil & Gas | Canonsburg, PA

CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia. It operates its business through the following segments: Anchor Systems and Additional Systems. The Anchor Systems segment includes four primary midstream systems such as, the McQuay System, the Majorsville System, the Mamont System and Shirley-Penns System. The Additional Systems segment includes several gathering systems primarily located in the wet gas regions of its acreage. The company was founded on May 30, 2014 and is headquartered in Canonsburg, PA.

MPLX LP Other Business & Consulting Services | Findlay, OH

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets; and distribution fuels services. It operates through the Logistics and Storage (L&S), and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products and water. The Gathering and Processing segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH.

Competitors
Cabot Oil & Gas's Offshore Assets Oil & Gas - Houston, TX

Cabot Oil & Gas Corp. engages in the development, exploitation, and exploration of oil and gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.

Antero Resources Corp. Oil & Gas - Denver, Colorado

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.

Southwestern Energy Co. Oil & Gas - Houston, TX

outhwestern Energy Company is a growing independent energy company primarily engaged in natural gas and crude oil exploration, development and production within North America. We are also focused on creating and capturing additional value through our natural gas gathering and marketing businesses, which we refer to as Midstream Services. Exploration and Production - Our primary business is the exploration for and production of unconventional oil and natural gas. Our current operations are principally focused on development of unconventional oil and natural gas in the Fayetteville Shale in Arkansas, the Marcellus Shale in Pennsylvania, the Brown Dense in Arkansas and Louisiana and other new venture plays in North America. We primarily conduct our exploration and production operations through our wholly-owned subsidiaries, SEECO, Inc. and Southwestern Energy Production Company, or SEPCO. SEECO has historically operated exclusively in Arkansas. It holds a large base of both developed and undeveloped gas reserves in Arkansas and conducts the drilling programs for the Fayetteville Shale play and the conventional drilling program in the Arkansas part of the Arkoma Basin. SEPCO conducts development drilling and exploration programs in the Oklahoma portion of the Arkoma Basin, Texas, Pennsylvania, Louisiana, Colorado and Montana. SWN Drilling, a wholly-owned subsidiary of SEPCO, operates drilling rigs in the Fayetteville Shale play, Pennsylvania and Louisiana. Midstream Services - Our Midstream Services segment primarily supports our E&P operations and is currently concentrated on the Fayetteville Shale play. Midstream Services generates revenue from gathering fees associated with the transportation of natural gas to market and through the marketing of our own gas production and some third-party natural gas. We engage in gas gathering activities in Arkansas, Pennsylvania and Texas through our gathering subsidiaries, DeSoto Gathering Company, L.L.C. and Angelina Gathering Company, L.L.C. Our gas marketing subsidiary, Southwestern Energy Services Company, or SES, captures downstream opportunities which arise through marketing and transportation activity.

Awards & Honors
Rank #706
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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