26 Feb 2026debt financing▲ Good
CNX completed the $500 million offering of 5.875% senior notes due 2034.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Feb 2026material agreement▲ Good
CNX agreed to a private offering of $500 million of 5.875% senior notes due 2034 - its lowest coupon in years, reflecting a more favorable rate environment.
21 Jan 2025debt financing▲ GoodMajor
CNX closed the $200 million add-on notes offering at 100.5% of par, with proceeds set to help fund the pending Apex Energy acquisition and pay down revolver borrowings ahead of that deal's closing.
14 Jan 2025material agreement▲ GoodMajor
CNX agreed to a private add-on offering of $200 million of its 7.250% 2032 notes, earmarking part of the proceeds to help fund its pending acquisition of Apex Energy (PA), LLC and two related Apex entities - CNX's first disclosed acquisition move since consolidating CNX Midstream in 2020.
17 May 2024debt financing● Neutral
CNX and CNX Midstream again refinanced into new revolving credit facilities - CNX's borrowing base holding at $2.25 billion but elected commitments rising to $1.4 billion, with maturity pushed to 2029.
23 Feb 2024debt financing● Neutral
CNX completed the $400 million offering of 7.250% senior notes due 2032.
14 Feb 2024material agreement● Neutral
CNX agreed to a private offering of $400 million of 7.250% senior notes due 2032.
26 Sept 2022debt financing● Neutral
CNX completed the $500 million offering of 7.375% senior notes due 2031.
13 Sept 2022material agreement● Neutral
CNX agreed to a private offering of $500 million of 7.375% senior notes due 2031, as borrowing costs rose again with the broader 2022 rate environment.
7 Oct 2021debt financing● Neutral
CNX and CNX Midstream both refinanced into new revolving credit facilities - CNX's growing to a $2 billion borrowing base with a 2026 maturity, up from the prior $1.775 billion facility.
22 Sept 2021material agreement▲ Good
CNX Midstream completed the $400 million 4.750% notes offering and used the proceeds to tender for and redeem its 6.500% 2026 notes.
16 Sept 2021material agreement▲ Good
Now wholly owned, CNX Midstream Partners agreed to its own $400 million private offering of 4.750% senior notes due 2030 to refinance its outstanding 6.500% 2026 notes at a lower rate.
30 Nov 2020debt financing▲ Good
CNX issued $500 million of new 6.00% senior notes due 2029 - a notably lower coupon than its 2019 borrowings, reflecting improved credit conditions after the 2020 downturn.
25 Nov 2020material agreement▲ Good
CNX agreed to a private offering of $500 million of 6.00% senior notes due 2029, priced notably lower than its 2019 borrowings as credit conditions improved.
28 Sept 2020business combination▲ GoodMajor
CNX completed its buy-in of CNX Midstream Partners: public common units converted into CNX shares at the agreed 0.88 ratio, and CNX Midstream units were suspended from NYSE trading - ending the MLP structure that began as the CONSOL/Noble Energy CONE Midstream joint venture.
23 Sept 2020debt financing▲ Good
CNX closed the $200 million add-on offering of 7.25% 2027 notes at 103.5% of par, using proceeds to redeem its remaining 5.875% 2022 notes and push out its next debt maturity to 2026.
9 Sept 2020merger communication● Neutral
CNX filed another Rule 425 communication ahead of the CNX Midstream Partners unitholder vote on the merger.
9 Sept 2020material agreement● Neutral
Separately from the midstream merger, CNX agreed to a private offering of an additional $200 million of its 7.25% senior notes due 2027.
8 Sept 2020merger communication● Neutral
CNX filed a Rule 425 communication (proxy solicitation material) ahead of the CNX Midstream Partners unitholder vote on the merger.
25 Aug 2020business combination● Neutral
Amendment No. 1 set the mechanics of the CNX Midstream buy-in: an August 27, 2020 record date, a written-consent process closing September 25 rather than a meeting, and the counsel's legality opinion the SEC needs before the registration can go effective. It also stated plainly that CNX subsidiaries already held about 51.4% of the limited partner interests, so the majority consent required to approve the merger was in CNX's own hands.
12 Aug 2020business combination● NeutralMajor
Registration statement for CNX buying in the public units of its own midstream affiliate, CNX Midstream Partners, at 0.88 CNX shares per unit - an implied $8.47 a unit on the day before the deal was announced, plus one extra $0.4171 distribution, and better than CNX's opening proposal. The partnership's conflicts committee got its own adviser, Intrepid Partners, but unitholders have no appraisal rights and lose their quarterly distributions once they become CNX shareholders.
31 July 2020merger communication● Neutral
CNX filed another Rule 425 communication regarding the pending CNX Midstream Partners buy-in merger.
30 July 2020merger communication● Neutral
CNX filed another Rule 425 communication regarding the pending CNX Midstream Partners buy-in merger.
28 July 2020merger communication● Neutral
CNX filed another Rule 425 communication regarding the pending CNX Midstream Partners buy-in merger.
27 July 2020merger communication● Neutral
CNX filed a Rule 425 communication to unitholders in connection with its just-announced merger to acquire the rest of CNX Midstream Partners.
27 July 2020merger communication● Neutral
CNX filed another Rule 425 communication regarding the pending CNX Midstream Partners buy-in merger.
27 July 2020business combination▲ GoodMajor
CNX agreed to buy in all of the publicly held common units of CNX Midstream Partners it didn't already own, exchanging each for 0.88 shares of CNX stock and taking the midstream MLP fully private as a wholly owned subsidiary.
28 Apr 2020material agreement▼ BadMajor
As COVID-19 hit commodity markets, CNX's lenders cut its credit-facility borrowing base from $2.3 billion to $1.9 billion and capped how much balance-sheet cash it could hold.
30 Jan 2020material agreement▲ GoodMajor
CNX Midstream Partners eliminated all of its incentive distribution rights and converted its general partner's 2% stake into a non-economic interest, in exchange for issuing CNX Gas 26 million common units, 3 million new Class B units, and $135 million cash payable through 2022 - simplifying the MLP's structure ahead of CNX later buying in the rest of it.
29 Oct 2019material agreement● Neutral
CNX amended its credit agreement again, raising its borrowing base from $2.1 billion to $2.3 billion and reaffirming the carve-out allowing Southeastern Asset Management to hold up to 40% of its stock.