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Stock impact report

CNX Announces Strategic Bolt-On Acquisition [Yahoo! Finance]

CNX Resources Corporation (CNX) 
Last cnx resources corporation earnings: 4/27 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cnx.com
Company Research Source: Yahoo! Finance
agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC ("Apex"), a portfolio company of funds managed by Carnelian Energy Capital Management, L.P. ("Carnelian"), in the Appalachian Basin for total cash consideration of approximately $505 million, subject to certain adjustments including an effective date of October 1, 2024 . Completion of the transaction, which is subject to the satisfaction of customary closing conditions, is expected to occur in the first quarter of 2025. CNX president and CEO Nick Deiuliis stated, "This transaction represents a rare opportunity to acquire a highly complementary asset adjacent to our existing operations. It underscores our confidence in the stacked pay development Read more
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