NYSE:CNXOil and Gas
The Bull Case For CNX Resources (CNX) Could Change Following Debt-for-Equity Swap And CFO Transition
CNX Resources recently completed a privately negotiated exchange of about US$122.1 million of its 2.25% Convertible Senior Notes due 2026 for approximately US$0.8 million in cash and 9,509,188 new common shares, while also announcing a CFO transition effective January 1, 2026.
This balance-sheet reshaping and leadership change could influence how investors assess CNX Resources’ leverage, equity base, and ability to execute its long-term plan.
We’ll now examine how this sizable...