M&A
confidence high
sentiment neutral
materiality 0.60
CNX subsidiary to acquire Apex Energy entities for $505M cash, close Q1 2025
CNX Resources Corp
- CNX Gas Company LLC signs agreement to buy all membership interests in Apex Energy (PA), Apex Energy Minerals, and Apex WML Midstream.
- Cash purchase price of $505 million, subject to customary closing adjustments.
- Economic effective time of October 1, 2024; closing expected in Q1 2025.
- Sellers are Apex Upstream, LLC and Apex WML, LLC; termination rights include outside date of February 26, 2025.