CNX Resources Corporation, formerly named Consol Energy Inc, announced today that it has completed the spin-off of Consol Energy Inc., formerly named CONSOL Mining Corporation, creating two publicly-traded companies--a natural gas exploration and production company and a coal company. Today marks the first day of post-separation trading in each company's common stock on the New York Stock Exchange. "Today's historic [...]
Foundational assets include the Pennsylvania Mining Complex, a premier low-cost producer in Northern Appalachia, and the Ownership of CONSOL Marine Terminal, a major East Coast exporter of U.S. coals Begins "regular way" trading today on NYSE under ticker "CEIX" CANONSBURG, Pa., Nov. 29, 2017 /PRNewswire/ -- Consol Energy Inc. , formerly named CONSOL Mining Corporation, today announced that it has completed the separation [...]
S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: Consol Energy has announced a plan to spin out its coal business on a 1-for-8 basis to a new company named CONSOL Mining Corp. The spinout company will be added to the S&P/TSX Global Mining Index effective at the open of trading on Wednesday, November 29, 2017, at zero price. The stock is expected to start [...]
Separation will occur by means of a distribution to CONSOL stockholders of 100% of the outstanding shares of Coal Company PITTSBURGH, Oct. 31, 2017 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) (CONSOL or the Company) announced today that its board of directors has given final approval of the Company's previously announced separation into two publicly-traded companies--a coal company and a natural gas exploration and [...]
PITTSBURGH, Oct. 30, 2017 /PRNewswire/ -- CNX Coal Resources LP (NYSE: CNXC) today reported financial and operating results for the quarter ended September 30, 2017. Third Quarter 2017 Results Highlights of the CNXC third quarter 2017 results include: Cash distribution of $0.5125 per limited partner unit Net income of $3.6 million Adjusted EBITDA1 of $18.5 million Leverage ratio1 improves to 1.9x compared to 2.5x on [...]
PITTSBURGH, Oct. 26, 2017 /PRNewswire/ -- The Board of Directors of CNX Coal Resources GP LLC, the general partner of CNX Coal Resources LP (NYSE: CNXC), today announced a cash distribution $0.5125 per unit to all limited partner unitholders and the holder of the general partner interest. The distribution to all unitholders of the Partnership will be made on November 15, 2017 to such holders of record at the close of [...]
PITTSBURGH, Oct. 16, 2017 /PRNewswire/ -- CNX Coal Resources LP (NYSE: CNXC) will issue its third quarter earnings release after the market close on Monday, October 30. This will be followed by a conference call hosted by members of the management team at 5:00 p.m. Eastern Time. The webcast will be accessible on the 'Investor Relations' page of the company's website, www.cnxlp.com. An archive of the webcast will be [...]
PITTSBURGH, Sept. 18, 2017 /PRNewswire/ -- CNX Coal Resources LP (NYSE: CNXC) announced today that the Pennsylvania Department of Environmental Protection (DEP) is requiring more time to evaluate the approval of the Bailey mine permit for the 4L panel, and as a result, the company has decided to move the longwall to another panel in order to resume operations. The company expects the longwall move to last approximately [...]
PITTSBURGH, Sept. 6, 2017 /PRNewswire/ -- Today, CNX Coal Resources LP (NYSE:CNXC) and OMNIS Bailey, LLC (OMNIS), announced a partnership to build a first-of-a-kind solid energy refinery. The refinery will be used for processing waste coal at CONSOL's Bailey Mine Complex and converting it into high-quality, Clean Carbon Fuel (CCF). A pilot plant was constructed at the Bailey Central Preparation Plant in May of this year [...]
PITTSBURGH, Sept. 5, 2017 /PRNewswire/ -- CNX Coal Resources LP (NYSE: CNXC), announced today that it is adjusting its previously announced 2017 guidance ranges based on the third quarter results to date and expectations for the rest of the year. The revised 2017 outlook is as follows: Adjusted EBITDA1 of $95-$105 million Capital expenditure of $28-$30 million Specifically, CNXC is reducing the top end of its adjusted [...]
PITTSBURGH, July 31, 2017 /PRNewswire/ -- CNX Coal Resources LP (NYSE: CNXC) today reported financial and operating results for the quarter ended June 30, 2017. Second Quarter 2017 Results Highlights of the CNXC second quarter 2017 results include: Cash distribution of $0.5125 per limited partner unit Net income of $11.5 million Adjusted EBITDA1 improves 50% to $25.0 million, compared to the year-ago period Distribution [...]
PITTSBURGH, July 27, 2017 /PRNewswire/ -- The Board of Directors of CNX Coal Resources GP LLC, the general partner of CNX Coal Resources LP (NYSE: CNXC), today announced a cash distribution $0.5125 per unit to all limited partner unitholders and the holder of the general partner interest. The Board of Directors has also approved a full cash distribution of approximately $0.4678 per unit to the holder of the convertible [...]