CNX remains optimistic about 2020 despite low natural gas prices, according to Trib Live.
The company has continued to adjust to the weak market, cutting 14% of its workforce and laying off 70 employees in August. It expects to realize $25 million in savings from “reconfiguring” workflows and combining functions during the third quarter.
CNX reported net stock earnings of $116 million and a consolidated net income of $144 million in the third quarter.
Learn more: Trib Live > CNX says it’s adjusting to low natural gas prices
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