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

Carvana's stock soars after upbeat revenue outlook,

8:09 am ET September 22, 2020 (MarketWatch)
Print

Shares of Carvana Co. (CVNA) soared 17% in premarket trading Tuesday, after the online car buying financing company said it expects to achieve records in revenue, retail units sold and gross profit per unit in the third quarter. The FactSet consensus for third-quarter revenue is a record $1.49 billion. The company expects to breakeven in earnings before interest, taxes, depreciation and amortization in the third quarter. "The momentum that we saw in the second quarter accelerated into the third, leading to record performance for Carvana in metrics that demonstrate strong progress both in growth and towards profitability," said Chief Executive Ernie Garcia. Separately, the company said it plans to offer $1 billion in senior notes, consisting of $500 million in note due 2025 and $500 million in notes due 2028. The company expects to use the proceeds from the offering to pay off its $600 million in 8.875% senior notes due 2023. The stock has run up 88.7% year to date through Monday, while the S&P 500 has edged up 1.6%.

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

(END) Dow Jones Newswires

September 22, 2020 08:09 ET (12:09 GMT)

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