$CNX (CONSOL Energy Inc.)

$CNX {{ '2015-07-28T15:33:05+0000' | timeago}} • Webcast

$CNX 2Q15 Q&A: Beristain of Deutsche Bank asked about minimum current ratio. Nick replied that the ratio is actually improving in 2Q15 and FY15, not based upon base plant with minimum asset sales, but with forward curve and certain current commodity prices. It's a normal ratio of current assets and current liabilities.

$CNX {{ '2017-07-11T12:11:54+0000' | timeago}} • Announcement

$CNX announced the filing of a registration statement on Form 10 with the U.S. Securities and Exchange Commission towards the plan to separate $CNX into two publicly-traded companies; a coal company and a natural gas exploration and production company. The company expects to complete the separation as early as 2017.

$NBL {{ '2016-11-16T13:17:44+0000' | timeago}} • Announcement

$NBL and $CNX said CONE Gathering LLC, which is jointly owned by the companies, has entered into a definitive agreement to contribute its remaining 25% ownership interest in CONE Midstream DevCo I LP to $CNNX for a total valuation of $248MM. Upon closing, each company will receive $70MM in cash and approx. 2.6MM limited partnership units of $CNNX.

$CNX {{ '2016-10-31T15:28:22+0000' | timeago}} • Announcement

$CNX and $NBL agreed to separate their Marcellus Shale 50-50 Joint Venture. The JV was formed in 2011 for the exploration, development, and operation of primarily Marcellus Shale properties in Pennsylvania and West Virginia. $NBL will also remit a cash payment of about $205MM to $CNX at closing, as part of the deal.

$CNXC {{ '2016-10-03T12:21:15+0000' | timeago}} • Announcement

$CNXC and $CNX announced that the former has acquired an additional 5% undivided interest in the Pennsylvania Mining Complex (PAMC) and associated infrastructure from $CNX for $88.8MM. The transaction is effective Sept. 30, 2016. The acquisition increased $CNXC's undivided interest in the PAMC to 25%.

$NBL {{ '2016-08-03T18:08:16+0000' | timeago}} • Webcast

$NBL's production in Marcellus remains above expectations despite the limited capital spend. The $CNX JV continues to benefit from shared infrastructure to optimize recycling of produced water, significantly reducing OpEx. $NBL intends to operate the JV within cash flow in 2016 & will continue to be flexible with activities for the rest of 2016.

$CNX {{ '2016-04-07T22:54:27+0000' | timeago}} • Announcement

Pittsburgh-based energy producer $CNX said that James Grech, Executive Vice President and Chief Commercial Officer, has retired. As part of the corporate reorganization, no successor is to be appointed for James.

$CNX {{ '2016-04-01T11:13:28+0000' | timeago}} • Announcement

Diversified energy producer $CNX said it closed on its previously announced agreement to sell the Buchanan Mine in southwestern Virginia and certain other metallurgical coal reserves to Coronado IV LLC. The total consideration to the company was $420MM in value, including $402.8MM cash paid at the closing.

$CNX {{ '2016-03-14T19:36:41+0000' | timeago}} • SEC

During 2015, $CNX received $952MM of proceeds from senior secured credit facility versus payments on short-term borrowings of $12MM in 2014. Company repurchased $72MM of its common stock under its repurchase program. In 2015, $CNX paid four quarterly dividends totaling $33MM at $0.145 per share.

$CNX {{ '2016-03-14T19:34:55+0000' | timeago}} • SEC

For 2015, $CNX reported cash flow from operating activities of $506MM. Net cash used in investing activities fell to $996MM, helped by CapEx reduction of $471MM and fall in proceeds from the sale of assets of $247MM. As of Dec. 31, 2015, $CNX had total long-term debt and capital lease obligations of $2.78Bil outstanding.

$CNX {{ '2016-03-14T19:24:47+0000' | timeago}} • SEC

As of Dec. 31, 2015, $CNX's net producing wells were 12,863 and total net acres were 4,253,576. In 2015, total average production rose 39% to 900,430 Mcfe per day. For 2015, total gas production costs fell 17.5% to $2.73 per Mcfe. The company expects 2016 annual gas production to grow by approx. 15% when compared to 2015.

$CNX {{ '2016-02-29T12:42:42+0000' | timeago}} • Announcement

$CNX said it agreed to sell Buchanan Mine in southwestern Virginia & certain other metallurgical coal reserves to Coronado IV LLC for total consideration of $420MM, including $398MM cash payable at closing. The deal is not subject to financing condition and is being funded by Energy & Minerals Group (EMG). EMG has about $16.5Bil of regulatory AUM.

$CNX {{ '2016-02-08T12:04:53+0000' | timeago}} • Announcement

$CNX said it nominated Bernard Lanigan, Jr., Joseph Platt and Edwin Roberson to its BoD for election at its annual meeting of shareholders scheduled for May 11, 2016. The other nominees include eight current members of the Board. The company also said it elected William Thorndike, Jr. as Chairman of the Board effective immediately.

$CNX {{ '2016-02-05T17:10:43+0000' | timeago}} • Announcement

Energy company $CNX said that during 2015, it added 934 Bcfe of proved reserves through extensions and discoveries. As of Dec. 31, 2015, total proved reserves were 5.6 Tcfe, which included 583 Bcfe, or 10.3%, of oil, condensate, and liquids. $CNX replaced 284% of its 2015 production, which amounted to 329 Bcfe (net to CONSOL).

$CNX {{ '2016-02-01T12:53:19+0000' | timeago}} • Announcement

Pittsburgh-based coal producer $CNX said its BoD declared a regular quarterly dividend of $0.01 per share, payable on March 3, 2016, to shareholders of record on February 16, 2016.

$CNX {{ '2016-01-29T17:12:55+0000' | timeago}} • Webcast

$CNX's E&P Division finished 4Q15 with record production of 95.5 Bcfe and average daily volumes now track above 1 Bcf per day. The combination of a small uplift in prices and cost reductions improved margins by about $0.51 per Mcfe sequentially. The company realized $2.78 per Mcfe, which benefits from hedge position and uptick in liquids prices.

$CNX {{ '2016-01-29T17:08:39+0000' | timeago}} • Webcast

$CNX said that 4Q15 adjusted EBITDA attributable to $CNX shareholders was $206MM, cash flow from operations of $102MM and adjusted net loss of $26MM or $0.11 loss per share. The company received benefit of approx. $110MM resulting from recent retiree medical plan amendments. This resulted in lower operating and core costs.

$CNX {{ '2016-01-29T17:08:23+0000' | timeago}} • Webcast

$CNX sold an aggregate $5.8Bil of assets starting from 2012, paid in the form of cash, royalty streams and the assumption of liabilities. The company said that it will not sell assets at depressed prices based on internal view of NAV per share weighted against sale proceeds opportunities.

$CNX {{ '2016-01-29T16:56:09+0000' | timeago}} • Webcast

$CNX said that it reduced capital primarily due to efficiency improvements seen around drilling and completions in cycle times. Rate of change and cost improvement is industry-leading. E&P capital spend level was a little over $800MM in 2015, and estimates $205MM for 2016. $CNX will enter 2017 with around 60 drilled, but uncompleted wells.

$CNX {{ '2016-01-29T16:49:33+0000' | timeago}} • Webcast

$CNX's 4Q15 natural gas prices fell by approx. 25%, oil dropped approx. 15%, the BMA Index for metcoal settled another $8 per metric ton lower and thermal coal storage is 9% above five-year averages. The company had good year in safety in 2015. Unit costs for E&P and Coal met or exceeded all cost guidance provided earlier.

$CNX {{ '2016-01-29T13:14:42+0000' | timeago}} • Announcement

For 2016, $CNX cut its E&P Division capital budget to approx. $205-$325MM based on the midpoints. The company also expects annual 2016 E&P Division production to be approx. 15% growth vs. 2015 total production volumes and Coal Division sales to be approx. 27-32MM tons, including 2016 estimated sales for Pennsylvania Operations of 22-26MM tons.

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