CNX Coal Resources LP Priced, NYSE: CNXC

MLP recently formed by CONSOL Energy to operate its Pennsylvania coal mines.

Industry: Energy

Latest Trade: $15.25 0.00 (0.0%)

First Day Return: +2.7%

Return from IPO: +1.7%

Industry: Energy

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 will 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.
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IPO News for CNX Coal Resources LP
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IPO Data
IPO File Date 04/01/2015
Offer Price $15.00
Price Range $15.00 - $15.00
Offer Shares (mm) 5.0
Deal Size ($mm) $75
IPO Data
IPO Date 06/30/2015
Offer Price $15.00
Price Range $15.00 - $15.00
Offer Shares (mm) 5.0
Deal Size ($mm) $75
Underwriters
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Company Data
Headquarters Canonsburg, PA
Founded 2015
Employees
Website www.cnxcoalresources.com