CNX Resources Corporation

CNX Resources Corporation is an independent natural gas and midstream company that focuses on the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates through two segments: Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily to gas wholesalers. CNX owns rights to extract natural gas from shale formations in Pennsylvania, West Virginia, and Ohio, as well as from other shale and shallow oil and gas formations in several other states. Additionally, the company designs, builds, and operates natural gas gathering systems to transport gas from the wellhead to interstate pipelines or local sales points. It also provides turn-key solutions for water sourcing, delivery, and disposal for its own operations and for third parties.

CNX Resources Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol CNX. The company trades in United States Dollars (USD), which is the official currency of the United States. As a US-based company, its financial statements and stock price are denominated in USD, making it accessible to investors trading on US markets.

CNX Resources Corporation operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. This means the company is primarily engaged in the exploration, development, and production of natural gas resources. As an independent E&P company, CNX focuses on extracting natural gas from its owned or leased properties, rather than being part of a larger integrated oil and gas firm. The company's operations are concentrated in the Appalachian Basin, a major natural gas producing region in the United States.

CNX Resources Corporation is headquartered in Canonsburg, Pennsylvania, United States. The company has a long history, having been founded in 1860. It was formerly known as CONSOL Energy Inc. before rebranding to CNX Resources Corporation in November 2017. The company's operations are primarily focused on the Appalachian Basin, covering states such as Pennsylvania, West Virginia, and Ohio, where it holds rights to extract natural gas from shale formations. Additionally, it has rights to extract natural gas from other shale and shallow formations in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia.

CNX Resources Corporation generates revenue primarily through the production and sale of pipeline quality natural gas to gas wholesalers. The company operates in two segments: Shale and Coalbed Methane (CBM). It owns extensive natural gas rights in the Appalachian Basin, including shale formations in Pennsylvania, West Virginia, and Ohio. Beyond production, CNX also earns income from its midstream operations, which include designing, building, and operating natural gas gathering systems that transport gas from wellheads to interstate pipelines or local sales points. The company owns or operates approximately 2,600 miles of natural gas gathering pipelines and various natural gas processing facilities. Additionally, CNX provides water sourcing, delivery, and disposal services for its own operations and for third parties, creating an additional revenue stream.