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-0.000330411832583167 0.00103670501599526 -0.00340920343466625 -0.00229772632200087 -0.0116947600927174 -0.00371233355630227 -0.00497537572978566 -0.0148271046829562
Stock impact report

Consol and Arch to combine, forming a $5 billion coal producer based in Pennsylvania [Yahoo! Finance]

CONSOL Energy Inc. (CEIX) 
Last consol energy inc. earnings: 2/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.consolenergy.com
Company Research Source: Yahoo! Finance
Arch shareholders will get 1.326 shares of Consol common stock for each share of Arch they own. Consol shareholders will own about 55% of the new company — to be called Core Natural Resources — and Arch shareholders will own about 45%. Cole Natural Resources will be based in Canonsburg, Pa., just southwest of Pittsburgh, which is the current headquarters of Consol Energy. Arch is based in St. Louis. Consol Energy CEO and chairman will be the company's executive chairman and Arch CEO Paul Lang will be its chief executive. If approved by shareholders and regulators, the deal is expected to close in the first quarter of 2025. Shares of Arch rose 5.9% Wednesday, while shares of Consol rose 7.9%. The use of coal in the United States has fallen almost every year since 2005 as energy plants switch over to natural gas. The U.S. consumed about 426 million short tons of coal last year. Annual coal use in 2005 was more than a billion short tons. That has led to mine closures and job c Show less Read more
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