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0 0 0 0.00308166409861337 0.00667693888032884 0.00667693888032884 0.00256805341551108 -0.00924499229583956
Stock impact report

CNX to sell West Virginia gas gathering system to CNX Midstream for $265M [Seeking Alpha]

CNX MIDSTREAM PARTNERS LP (CNXM) 
Last cnx midstream partners lp earnings: 4/27 06:45 am Check Earnings Report
US:NYSE Investor Relations: cnxmidstream.com
Company Research Source: Seeking Alpha
CNX to sell West Virginia gas gathering system to CNX Midstream for $265MCNX Resources (NYSE:CNX)+2.8% after-hours as itagrees to sell its 95% interest in the Shirley-Pennsboro gathering system in West Virginia to CNX Midstream Partners (NYSE:CNXM) for $265M.Shirley-Pennsboro gathers and transports gas in the core wet gas region of the Marcellus Shale in West Virginia and currently has 180M cfe/day of flowing production.The deal is expected to add $22M-$24M of 2018 EBITDA for CNXM on a full year pro forma basis, with substantial EBITDA growth expected beyond 2018; CNX expects a negligible impact to 2018 EBITDA guidance since a transaction was contemplated in its prior guidance numbers.See all stocks on the move »Now read:CNX Midstream Partners LP 2017 Q4 - Results - Earnings Call Slides » Show less Read more
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