LONDON, UK / ACCESSWIRE / December 28, 2017 / Active-Investors.com has just released a free research report on CNX Resources Corp. (NYSE: CNX). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CNX as the Company's latest news hit the wire. On December 26, 2017, the Company announced that it plans to rebrand the businesses of CONE Gathering LLC, which it acquired from Noble Energy, Inc. (NYSE: NBL) on December 15, 2017. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CNX Resources and Noble Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CNX

www.active-investors.com/registration-sg/?symbol=NBL

The Rebranding Exercise

CNX Resources plans to undertake a rebranding exercise of CONE and all the businesses acquired as a part of the transaction. Accordingly, CONE Gathering and its subsidiaries, including CONE Midstream Partners, L.P. (NYSE: CNNX) will be brought under the CNX brand. As part of this exercise, CONE Midstream Partners, L.P. will be rebranded as CNX Midstream Partners L.P. CNX Midstream Partners' ticker is also expected to change from "CNNX" to "CNXM" once the rebranding is completed. The branding exercise will be implemented by CNX Resources once the transaction is completed, i.e. in Q1 2018.

The Acquisition

CNX Resources had acquired 50% membership interest in CONE Gathering LLC from Noble Energy for $305 million in cash. This transaction includes CONE Gathering's interests in CONE Midstream GP, LLC. CONE Midstream has partnership interest in CONE Midstream Partners, L.P. ("CONE") and all the incentive distribution rights in CONE. Once the transaction is completed, CNX will own 100% of CONE Gathering and CONE will transform into a single-sponsor master limited partnership. This transaction is expected to close in Q1 2018 subject to regulatory approvals and other closing conditions.

CONE Midstream Partners was formed by two sponsors - by CONSOL Energy Inc. (now CNX Resources) and Noble Energy, Inc. (NYSE: NBL). It owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia. Its assets include natural gas gathering pipelines and compression and dehydration facilities as well as condensate gathering, collection, separation, and stabilization facilities.

About CNX Resources Corp.

On November 28, 2017, CONSOL Energy's coal and gas businesses were split up into two independent companies. The gas business has been named as CNX Resources Corp., while the coal business has been given the name CONSOL Energy Inc.

CNX Resources is based in Canonsburg, Pennsylvania and is one of the largest independent natural gas exploration, development, and production companies. The Company's operations are centered in the major shale formations of the Appalachian basin. CNX had 6.3 trillion cubic feet equivalent of proved natural gas reserves at the end of December 31, 2016.

CONSOL Energy has been listed on the New York Stock Exchange (NYSE) under the "CEIX" ticker. This business unit will own, operate, and develop all the Company's coal assets, including its interest in the Pennsylvania Mining Complex, the Baltimore Marine Terminal, and approximately one billion tons of greenfield coal reserves.

Stock Performance Snapshot

December 27, 2017 - At Wednesday's closing bell, CNX Resources' stock dropped 2.23%, ending the trading session at $14.49.

Volume traded for the day: 2.58 million shares.

Stock performance in the last month - up 8.58%; previous three-month period - up 2.55%; and past six-month period - up 15.13%

After yesterday's close, CNX Resources' market cap was at $3.33 billion.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors