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CNX Resources Acquires Apex Energy II for $505M

CNX Resources Acquires Apex Energy II for $505M

Slice of Energy Team
January 30, 2025

Key Highlights:

CNX Resources closes $505M acquisition of Apex Energy II’s natural gas upstream and midstream assets.
Expands Marcellus and Utica leasehold in the Appalachian Basin.
Leverages existing infrastructure for future development opportunities.
Accretive to free cash flow per share, benefiting shareholders immediately.
Enhances community engagement with CNX’s Radical Transparency initiative.

Source: PR Newswire

Notable Quote:

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"We look forward to demonstrating the unique CNX approach to operations and community relations to these new communities within the Apex footprint. CNX’s Radical Transparency initiative provides local communities with an unparalleled level of insight into our operations."

Nick Deiuliis, President & CEO at CNX Resources

Why This Matters:

This acquisition strengthens CNX’s foothold in the Appalachian Basin, enhancing operational synergies and future growth potential. By integrating Apex Energy II’s assets, CNX not only expands its natural gas production capacity but also reinforces its commitment to community engagement and environmental transparency. The deal underscores CNX’s strategic vision of leveraging infrastructure and innovation to maximize shareholder value.