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The latest update is out from CNX Resources ( (CNX) ).
On January 13, 2025, CNX Resources Corporation announced a private offering of $200 million in senior notes due 2032, as part of a broader strategy to finance its acquisition of Apex Energy and reduce borrowings. The offering is not contingent on the acquisition’s completion, and the net proceeds will fund general corporate purposes, highlighting CNX’s operational and financial strategies to expand its asset base while maintaining financial flexibility.
More about CNX Resources
CNX Resources Corporation is a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company headquartered in Appalachia, one of the world’s most energy-rich regions. The company boasts a 160-year legacy in the region, significant asset base, and a commitment to innovative technology and capital allocation, focusing on creating long-term value for stakeholders.
YTD Price Performance: -19.32%
Average Trading Volume: 2,699,925
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.48B
See more insights into CNX stock on TipRanks’ Stock Analysis page.
