CNX Resources Corp. Stock Analysis CNX

CNX Resources Corp. is a premier independent low carbon intensity natural gas development, production, midstream, and technology company, which engages in the business of producing pipeline quality natural gas for sale primarily to gas wholesalers. The company is headquartered in Canonsburg, Pennsylvania and currently employs 390 full-time employees. The firm operates and develops Coalbed Methane (CBM) properties in Virginia. Its segments include Shale and Coalbed Methane (CBM). The company has rights to extract natural gas from Shale formations in Pennsylvania, West Virginia, and Ohio from approximately 557,000 net Marcellus Shale acres and approximately 612,000 net Utica Shale acres. The company also has rights to extract CBM in Virginia from approximately 283,000 net CBM acres. The firm has rights to extract CBM from approximately 1,862,000 net CBM acres, and rights to capture RMG from various active and abandoned mines in other states including West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. The company designs, builds and operates natural gas gathering systems to move natural gas from the wellhead to interstate pipelines or other local sales points.