CNX Resources

CNX

CNX Resources Corporation is a natural gas company based in Pittsburgh. The company was known as Consol Energy until separating into CNX (natural gas) and Consol Energy (coal) in 2017. The company operates in the Appalachian Basin. It was the first company to use an electric fracking fleet in the Appalachian Basin. These electric fleets reduce diesel, emissions, traffic, and more by using gas directly from the well to power an electric turbine.In 2018, CNX ranked as the 9th largest natural gas company by production.The company is the majority owner of CNX Midstream, a publicly-traded master limited partnership that owns and operates midstream energy assets including dehydration facilities and condensate handling facilities in the Marcellus Shale play in Pennsylvania and West Virginia.

CNX Resources has been a target of short sellers for a while. The current short interest of 10.00% is significantly below the average of the last 12 months (13.23%).