30 July 2008quarterly activities report● Neutral
CNX Gas Corp reported quarterly revenue of $205.8 million and net income of $64.3 million for the period ended 2008-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2008material agreement● Neutral
CNX Gas and CONSOL Energy amended their 2005 Master Cooperation and Safety Agreement, effective back to August 1, 2005, to settle who owns greenhouse gas allowances and credits. Each keeps 100% of its own baseline allowances, extra allowances are split 50-50 absent other circumstances, and emission reduction credits from the gas rights transferred in the 2005 separation are split 50% each.
23 Apr 2008director interest notice● Neutral
CNX Gas Corp director Raj Gupta received 2,404 shares as part of the equity award.
23 Apr 2008director interest notice● Neutral
CNX Gas Corp director Joseph T Williams received 2,404 shares as part of the equity award.
23 Apr 2008director interest notice● Neutral
CNX Gas Corp director Phillip W Baxter received 4,808 shares as part of the equity award.
23 Apr 2008director interest notice● Neutral
CNX Gas Corp director Pipski John R received 2,404 shares as part of the equity award.
23 Apr 2008director interest notice● Neutral
CNX Gas Corp director James E Altmeyer received 2,404 shares as part of the equity award.
9 Apr 2008director interest notice● Neutral
CNX Gas Corp 10%+ owner Consolidation Coal CO disposed of 123,268,667 shares via option/appreciation-right settlement.
3 Mar 2008business combination● Neutral
CNX Gas filed another Schedule 14D-9 pre-commencement communication, attaching a March 3, 2008 press release. The filing text itself gives no terms; it continues the tender offer thread from January 2008, and the details are in the unreproduced exhibit.
25 Feb 2008auditor change● Neutral
CNX Gas dismissed PricewaterhouseCoopers as its auditor on February 25, 2008 and hired Ernst & Young the same day. The filing says PwC's reports for 2007 and 2006 were clean and there were no disagreements.
14 Feb 2008substantial holder notice● Neutral
Consolidation Coal Company IRS Id. No.:, CONSOL Energy Inc. IRS Id. No. reported a CNX Gas Corp shareholding of 123,268,667 shares (81.70% of votes) in a periodic institutional filing.
13 Feb 2008substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC disclosed a new substantial CNX Gas Corp shareholding (5.00% of votes).
29 Jan 2008business combination● NeutralMajor
CNX Gas filed a Schedule 14D-9 box-checked as preliminary communications made before a tender offer begins, attaching a January 29, 2008 press release and an employee memo. The filing text shown does not state the offer's terms, bidder or price, so the substance is only in the exhibits, which are not reproduced here.
7 Sept 2007securities registration● Neutral
CNX Gas Corp amended an already-effective registration statement.
22 Aug 2007director interest notice● Neutral
CNX Gas Corp director Joseph T Williams bought 1,000 shares on the open market at $25.98.
20 June 2007securities registration● Neutral
CNX Gas Corp filed the final prospectus for a registered offering.
14 June 2007material agreement▲ GoodMajor
CNX Gas agreed to buy coal reserves from Consolidation Coal (about 5,711 net acres of Pittsburgh seam coal and 4,604 net acres in Kentucky) for $45.0 million cash plus deferred and contingent payments, including $36.0 million due on the 35th anniversary of closing for the Northern Block. It then agreed to swap that coal to Peabody affiliates for oil and gas rights (including coalbed methane) under about 606,101 acres, and separately to buy rights under about 273,921 acres from Peabody Natural Gas for $15.0 million. CNX Gas also agreed to transfer its gas rights within the coal areas to the Peabody affiliates, with those rights reverting to CNX Gas after coal mining there is finished. Closings were scheduled for June 19-20, 2007, with title-defect claims allowed until September 20, 2007.
25 Apr 2007director interest notice● Neutral
CNX Gas Corp director James E Altmeyer received 2,439 shares as part of the equity award.
25 Apr 2007director interest notice● Neutral
CNX Gas Corp director Phillip W Baxter received 6,969 shares as part of the equity award.
25 Apr 2007director interest notice● Neutral
CNX Gas Corp director Joseph T Williams received 2,439 shares as part of the equity award.
25 Apr 2007director interest notice● Neutral
CNX Gas Corp director Raj Gupta received 2,439 shares as part of the equity award.
25 Apr 2007director interest notice● Neutral
CNX Gas Corp director Pipski John R received 2,439 shares as part of the equity award.
15 Mar 2007securities registration● Neutral
CNX Gas Corp filed the final prospectus for a registered offering.
9 Mar 2007securities registration● Neutral
CNX Gas Corp amended an already-effective registration statement.
20 Feb 2007securities registration● Neutral
CNX Gas Corp filed the final prospectus for a registered offering.
13 Feb 2007substantial holder notice● Neutral
Consolidation Coal Company IRS Id. No.:, CONSOL Energy Inc. IRS Id. No. disclosed a new substantial CNX Gas Corp shareholding (81.50% of votes).
26 Jan 2007director interest notice● Neutral
CNX Gas Corp Sr. Vice Pres. & CFO Bench Gary J disposed of 16,531 shares via option/appreciation-right settlement.
2 Nov 2006securities registration● Neutral
CNX Gas Corp filed the final prospectus for a registered offering.
17 Oct 2006material agreement● Neutral
The board adopted a long-term incentive program that pays executives cash based on how CNX Gas's shareholder return ranks against a peer group from October 11, 2006 to December 31, 2009. Initial awards: DeIuliis 73,306 units, Smith 43,440, Johnson 27,150 and Bench 23,892. It also raised the cap on cash awards under the equity plan, set new non-employee director pay from November 1, 2006, and gave director Joseph Williams an extra option worth $20,000.
13 Oct 2006director interest notice● Neutral
CNX Gas Corp director Joseph T Williams received a stock option grant for 2,759 shares.