CNX Coal Resources LP

General Information

We are a growth-oriented master limited partnership recently formed by CONSOL Energy to manage and further develop all of its active thermal coal operations in Pennsylvania. Our initial assets include a 20% undivided interest in, and operational control over, CONSOL Energy’s Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States, our core market. We believe that our ability to efficiently produce and deliver large volumes of high-quality coal at competitive prices, the strategic location of our mines, the industry experience of our management team and our relationship with CONSOL Energy position us as a leading producer of high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States.

Founded: 2015
Contact Information
Address 1000 CONSOL Energy Drive, Canonsburg, PA 15317, US
Phone Number (724) 485-4000
Web Address
View Prospectus: CNX Coal Resources LP
Financial Information
Market Cap $174.2mil
Revenues $327.8 mil (last 12 months)
Net Income $73.4 mil (last 12 months)
IPO Profile
Symbol CNXC
Exchange NYSE
Shares (millions): 5.0
Price range $15.00 - $15.00
Est. $ Volume $75.0 mil
Manager / Joint Managers BofA Merrill Lynch/ Wells Fargo Securities/ Citigroup/ Jefferies/ Scotia Howard Weil/ Credit Suisse/ J.P. Morgan/ Evercore ISI/ BB&T Capital Markets/ Goldman, Sachs/ The Huntington Investment Company/ Stifel/ Nomura
CO-Managers Clarksons Platou Securities/ Cowen and Company/ Tuohy Brothers
Expected To Trade: 7/1/2015
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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