CNX - CNMX: The Little MLP That Could
CNX Midstream Partners, LP (NYSE: CNXM) and formerly known as CONE Midstream Partners, LP became a sole-sponsored MLP on 1/3/18. Although the company's stock price has been suboptimal since then, CNXM recently has made strides to derisk and delever their financials and is poised to achieve sustained distributable cash flow and distribution growth as detailed in this article.
Company background
CNXM is a growth-oriented MLP focused on the ownership, operation, development and acquisition of natural gas gathering and other midstream energy assets. The company's focus on the Marcellus Shale and Utica Shale in Pennsylvania and