CNX Resources Corporation (CNX) is an independent oil and gas exploration and production company formed after the separation of CONSOL’s Exploration and Production (E&P) and Pennsylvania Mining Operations into two independent companies. CNX Resources Corp. has been gaining from technological development, systematic capital investment, strong volume growth, strategic cost management and a clean energy initiative that boosts performance. CNX Resources’ focus on the Appalachian Basin and strong volumes from the Marcellus and Utica shales should continue to boost production volumes. The company’s strategic cost and investment plans should allow it to further strengthen existing operations. It utilizes free cash flow to reduce debt burden and increase shareholders’ value through share repurchases. The company’s low-cost structure and high-quality assets continue to boost its margins and operations. In the past six months, shares of the company have outperformed its industry.
