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

UPDATE: Carvana stock falls nearly 8% after Q1 miss

5:43 pm ET May 6, 2020 (MarketWatch)
Print

Shares of Carvana Co. (CVNA) fell nearly 8% in the extended session Wednesday after the online marketplace for used vehicles posted a wider-than-expected adjusted loss for the first quarter and sales fell short. Carvana said it lost $184 million, or $1.19 a share, in the first quarter, compared with a loss of $23 million, or 56 cents a share, in the year-ago period. Adjusted for one-time items, the company lost $1.18 a share, compared with a loss of 55 cents a share a year ago. Revenue rose 45% to $1.09 billion, Carvana said. Analysts polled by FactSet had expected an adjusted loss of 63 cents a share on sales of $1.13 billion The year was "off to a very strong start, and prior to the COVID-19 outbreak we were on track to meet or exceed our annual guidance on all key financial metrics," the company said. Carvana has withdrawn its guidance and said Wednesday it was not providing one. Shares had ended the regular trading day 6% higher.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 06, 2020 17:43 ET (21:43 GMT)

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