CNX Midstream Partners LP Common Units representing limited partner interests (CNXM) Company Bio
CNX Midstream Partners, formerly Cone Midstream Partners LP, acquires, owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia. The company was founded in 2014 and is based in Canonsburg, Pennsylvania.
CNX Midstream Partners (NYSE: CNXM) announces its next round of earnings this Thursday, July 30. Here is Benzinga's look at CNX Midstream Partners's Q2 earnings report.Earnings and Revenue Wall Street analysts see CNX Midstream Partners reporting earnings of $0.35 per share on sales of $64.50 million. CNX Midstream Partners EPS in the same period a year ago totaled $0.630. Revenue was $78.10 million. The Wall Street consensus estimate for earnings would represent a 44.44% decrease for the company. Sales would have fallen 28.09% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate 0.50 0.53 0.50 0.49 EPS Actual 0.49 0.76 0.58 0.63 Revenue Estimate 89.70 M ...
Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating CNX Midstream Partners LP ("CNXM" or the "Company") (NYSE: CNXM) relating to the proposed acquisition of the Company by CNX Resources Corporation, pursuant to which CNX Resources Corporation will acquire all of the minority shares of CNXM that it does not already own. Under the terms of the agreement, CNXM shareholders will receive .88 shares of CNX common stock for each share of CNXM common stock owned.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CNX Midstream Partners LP ("CNXM" or the "Company") (NYSE: CNXM) in connection with the proposed interested-party acquisition of the Company by CNX Resources Corporation ("CNX") (NYSE: CNX), pursuant to which CNX will acquire all of the minority common units of CNXM that it does not already own. Under the terms of the acquisition agreement, CNXM unitholders will receive 0.88 shares of CNX common stock for each CNXM common unit that they own, representing implied per-unit merger consideration of a mere $8.47 based upon CNX's July 24, 2020 closing price of $9.62.