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Last week, CNX Resources issued its first quarter 2024 update. The company’s earnings totaled a paltry $6.8 million, or just $0.04 per share in 1Q24. That compares with $710 million, or $4.22 per share, in last year’s first quarter (down 99%). CNX’s revenue for 1Q24 fell 39% to $384.6 million from $1.28 billion last year. ....
Two of our favorite companies in the Marcellus/Utica, one a driller (CNX Resources) and the other an oilfield services company (Deep Well Services), have partnered in a joint venture, creating a new company called AutoSep Technologies. The new JV uses groundbreaking new technology developed in CNX's New Technologies unit that targets flowback, the "junk" that ....
CNX Resources (NYSE:CNX – Free Report) had its price objective raised by Piper Sandler from $18.00 to $22.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a neutral rating on the oil and gas producer’s stock. CNX has been the subject of several other research reports. Truist Financial upped […] ....
CNX Resources has partnered with NuBlu Energy, an EPC (engineering, procurement, and construction) company, to introduce two exciting new solutions that use Marcellus/Utica gas - one solution for CNG (compressed natural gas) and the other for LNG (liquefied natural gas). The solutions are called ZeroHP CNG and Clean mLNG. Zero Horsepower (ZeroHP) CNG creates a ....