CNX Resources Corp
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

CNX Resources Corporation (CNX) is an oil and gas company. The Company focused on the exploration, development, production, gathering, processing and acquisition of natural gas properties primarily in the Appalachian Basin. The Company develops and explores for natural gas in Appalachia (Pennsylvania, West Virginia, Ohio, and Virginia). Its primary focus is in the development of its Marcellus Shale acreage and delineation and development of Utica Shale acreage. Its operations are located throughout Appalachia. CNX owns or operates approximately 2,600 miles of natural gas gathering pipelines as well as several natural gas processing facilities. CNX consists of two principal business divisions: Exploration and Production (E&P) and Midstream. The principal activity of the E&P Division includes four segments which, is to produce pipeline natural gas for sale primarily to gas wholesalers.

Closing Price
$11.40
Day's Change
-0.10 (-0.87%)
Bid
--
Ask
--
B/A Size
--
Day's High
11.64
Day's Low
11.16
Volume
(Heavy Day)
Volume:
7,874,693

10-day average volume:
3,938,737
7,874,693

Spotify stock surges after company sees narrower loss than expected

10:29 am ET April 29, 2020 (MarketWatch)
Print

Spotify Technology SA (SPOT) is feeling the impact of the COVID-19 crisis, but the company posted a far narrower loss than expected Wednesday, and shares surged 14% in morning trading. The company recorded a March-quarter net loss of EUR0.20 a share, whereas analysts surveyed by FactSet expected EUR0.47 a share. Spotify generated a EUR0.79 loss per share a year earlier. Revenue increased to EUR1.85 billion from EUR1.51 billion but came in a bit shy of the FactSet consensus, which modeled EUR1.86. Spotify disclosed that "morning routines have changed significantly" and "every day now looks like the weekend" as users are spending far less time listening to podcasts in their cars. "However, listening time around activities like cooking, doing chores, family time, and relaxing at home have each been up double digits over the past few weeks," the company said in its release. Spotify saw months active users of 286 million in the quarter, above the 283 million analysts had been expecting. Spotify shares are up 13% over the past three months as the S&P 500 has declined 11%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 29, 2020 10:29 ET (14:29 GMT)

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