CNX Resources Closes $505 Million Acquisition in Appalachian Basin

MT Newswires Live

2025/01/28

CNX Resources (CNX) closed the $505 million cash acquisition of the natural gas upstream and associated midstream business in the Appalachian Basin of Apex Energy II, a portfolio company of funds managed by Carnelian Energy Capital Management.

The acquisition is expected to be immediately accretive to free cash flow per share, CNX said Monday in a statement.

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