Professional
Added to YB: 2024-04-26
Pitch date: 2024-03-31
CNX [bullish]
CNX Resources Corporation
+57.29%
current return
Author Info
No bio for this author
Company Info
CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin.
Market Cap
$4.5B
Pitch Price
$23.86
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.29
P/E
-51.47
EV/Sales
5.81
Sector
Oil, Gas and Consumable Fuels
Category
value
Longleaf Partners Fund Added On Portfolio Holding: CNX Resources Corporation
CNX Resources (CNX): Outperformed despite tough nat gas prices due to strong hedging, balance sheet funding double-digit buybacks. Executing well operationally, focused on long-term FCF & value/share growth. EQT's pipeline deal validates CNX's 2020 recap at better price & time. Remains discounted value grower, added to position earlier in Q.
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