CNX Resources (CNX) Tops Q1 EPS by 5c
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CNX Reports First Quarter Results; Record Quarterly Production of 129.5 Bcfe; Total Production Costs Fall to $2.10 Per Mcfe; Repurchases $200 million of Common Stock Since October 2017
May 3, 2018 6:45 AM EDTPITTSBURGH, May 3, 2018 /PRNewswire/ --Â CNX Resources Corporation (NYSE: CNX) ("CNX" or the company) reported net income attributable to CNX shareholders of $528 million, or earnings of $2.35 per diluted share, compared to a net loss attributable to CNX shareholders of $39 million, or a loss of $0.17 per diluted share, in the first quarter of 2017.
Prior to the company's previously announced acquisition on January 3, 2018, of the remaining 50% membership interest of CNX Gathering LLC ("CNX Gathering") (the "Midstream Acquisition"), the company accounted for its 50% interest in CNX Gathering LLC as an equity method investment. The... More
