Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2018asset acquisition disposition▲ Good
CNX sold CNX Midstream Partners the remaining 95% of the gathering system serving its Shirley-Penns area for $265 million cash, funded by CNX Midstream's own new $400 million bond issue - a routine 'dropdown' of gathering assets into the MLP.
Greenlight Capital, Inc, DME Advisors, LP, DME Capital Management, LP, DME Advisors GP, LLC, David Einhorn reported a CNX Resources Corp shareholding of 17,807,181 shares (7.70% of votes) in a periodic institutional filing.
CNX Resources Corp EVP - Chief Administrative Off Stephen W Johnson acquired 163,578 shares and disposed of 47,070 in a set of related equity transactions.
CNX Resources Corp EVP & Chief Op. Officer - E&P Timothy C Dugan acquired 144,791 shares and disposed of 37,958 in a set of related equity transactions.
Southeastern Asset Management, Inc. I.D. No, Longleaf Partners Fund I.D. No, Longleaf Partners Small-Cap Fund I.D. No, O. Mason Hawkins I.D. No. XXX-XX-XXXX reported a CNX Resources Corp shareholding of 54,121,559 shares (23.50% of votes) in a periodic institutional filing.
CNX Resources Corporation, CNX Gas Corporation, CNX Gas Company LLC reported a CNX Resources Corp shareholding of 21,692,198 shares (34.10% of votes) in a periodic institutional filing.
CNX Gas agreed to buy Noble Energy's remaining 50% stake in their CONE Gathering midstream joint venture for $305 million cash, which would make CNX Midstream a single-sponsor MLP fully owned by CNX.
Having just completed its long-planned separation into a pure-play natural gas company (renamed CNX Resources Corporation) and a standalone coal company (new CONSOL Energy Inc., ticker CEIX) on November 28, 2017, CNX amended its credit facility to reflect the split, shrinking the facility from $2.5 billion to $2.0 billion now that coal assets are gone.
Southeastern Asset Management, Inc. I.D. No, Longleaf Partners Fund I.D. No, Longleaf Partners Small-Cap Fund I.D. No, O. Mason Hawkins I.D. No. XXX-XX-XXXX reported a CNX Resources Corp shareholding of 50,739,864 shares (22.10% of votes) in a periodic institutional filing.