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

Hilton's stock slips after wider-than-expected loss, revenue dropped nearly 80%

6:14 am ET August 6, 2020 (MarketWatch)
Print

Shares of Hilton Worldwide Holdings Inc. (HLT) slipped 0.3% in premarket trading Thursday, after the hotel operator reported a second-quarter loss that was wider than expected, with revenue dropping 77%, as the COVID-19 pandemic had a "significant adverse impact" on occupancy. The company swung to a net loss of $430 million, or $1.55 a share, from net income of $260 million, or 89 cents a share, in the year-ago period. Excluding non-recurring items, the adjusted per-share loss was 61 cents, compared with the FactSet loss consensus of 31 cents. Total revenue dropped to $564 million from $2.48 billion, below the FactSet consensus of $818.8 million. Revenue per available room (RevPAR) sank 81.0%, as occupancy fell 56.1 percentage points to 22.3% and the average daily rate declined 33.2% to $97.18. Hilton said, however, that RevPAR and occupancy rates have increased each month since April. Total cash and cash equivalents totaled $3.58 billion as of June 30, while Hilton had $10.3 billion in long-term debt. The stock has dropped 27.9% year to date through Wednesday, while the S&P 500 has gained 3.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 06, 2020 06:14 ET (10:14 GMT)

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