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

Hershey profit beats estimates as sales fall short

6:58 am ET July 23, 2020 (MarketWatch)
Print

Hershey Co. (HSY) said Thursday it had net income of $268.9 million, or $1.29 a share, in the second quarter, down from $313.3 million, or $1.48 a share, in the year-earlier period. Adjusted per-share earnings came to $1.31, ahead of the $1.12 FactSet consensus. The chocolate maker's sales fell to $1.707 billion from $1.767 billion, below the $1.740 billion FactSet consensus. "The impact of recent spikes in coronavirus cases on consumer mobility, retail operations, government regulations, and the macroeconomic environment, however, remains unclear," the company said in a statement. "As a result, the company is not providing new fiscal 2020 guidance at this time." The company expects sales to pick up in the second half, due to momentum exiting the second quarter. In North America, it expects elevated at-home consumption and the replenishment of retailer and distributor inventory levels to boost sales. Its international segment will continue to be pressured by less duty-free sales given current travel trends, government and macro trends. Shares rose 1.1% premarket, but are down 6% in the year to date, while the S&P 500 has gained 1.4%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 23, 2020 06:58 ET (10:58 GMT)

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