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home / news releases / CNX - CNX Midstream Helps The Parent Company


CNX - CNX Midstream Helps The Parent Company

CNX Midstream (CNXM) is a captive midstream company whose only customer is CNX Resources (CNX). This partnership issues a K-1. As such, the future growth prospects are determined by the growth prospects of the parent company. As I noted in a previous article, the parent company, CNX Resources, is a dry gas producer whose cash flow is clearly declining during this period of weak natural gas prices. Therefore, some pressure has been put on the partnership to help the parent company out during this financially stressful time. That pressure may

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Stock Information

Company Name: CNX Resources Corporation
Stock Symbol: CNX
Market: NYSE
Website: cnx.com

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