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CONSOL Coal Resources LP (CNX Coal) Priced, NYSE: CCR

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

Industry: Energy

First Day Return: +2.7%

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 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) $75
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/30/2015
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $75
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Canonsburg, PA, United States
Founded 2015
Employees at IPO 0
Website www.cnxcoalresources.com

CONSOL Coal Resources LP (CNX Coal) (CCR) Performance