CNX CNX Resources Corporation

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 4)*

 

CNX Resources Corporation

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

12653C108

(CUSIP Number)

December 31, 2017

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

 [x]           Rule 13d-1(b)

 

 [  ]           Rule 13d-1(c)

 

 [  ]           Rule 13d-1(d)

 

*           The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.  Beneficial ownership information contained herein is given as of the date listed above.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

1	Names of Reporting Persons.   Greenlight Capital, Inc.
2	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)           [ ]
	(b)           [ ]
3	SEC Use Only
4	Citizenship or Place of Organization.   Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	5    Sole Voting Power   0 shares
	6    Shared Voting Power   9,393,910 shares
	7    Sole Dispositive Power   0 shares
	8    Shared Dispositive Power   9,393,910 shares

9	Aggregate Amount Beneficially Owned by Each Reporting Person   9,393,910 shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11	Percent of Class Represented by Amount in Row (9)   4.1%
12	Type of Reporting Person (See Instructions)   IA

 

1	Names of Reporting Persons.   DME Advisors, LP
2	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)           [ ]
	(b)           [ ]
3	SEC Use Only
4	Citizenship or Place of Organization.   Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	5    Sole Voting Power   0 shares
	6    Shared Voting Power   3,354,765 shares
	7    Sole Dispositive Power   0 shares
	8    Shared Dispositive Power   3,354,765 shares

9	Aggregate Amount Beneficially Owned by Each Reporting Person   3,354,765 shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11	Percent of Class Represented by Amount in Row (9)   1.5%
12	Type of Reporting Person (See Instructions)   IA

 

1	Names of Reporting Persons.   DME Capital Management, LP
2	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)           [ ]
	(b)           [ ]
3	SEC Use Only
4	Citizenship or Place of Organization.   Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	5    Sole Voting Power   0 shares
	6    Shared Voting Power   4,991,006 shares
	7    Sole Dispositive Power   0 shares
	8    Shared Dispositive Power   4,991,006 shares

9	Aggregate Amount Beneficially Owned by Each Reporting Person   4,991,006 shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11	Percent of Class Represented by Amount in Row (9)   2.2%
12	Type of Reporting Person (See Instructions)   IA

 

1	Names of Reporting Persons.   DME Advisors GP, LLC
2	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)           [ ]
	(b)           [ ]
3	SEC Use Only
4	Citizenship or Place of Organization.   Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	5    Sole Voting Power   0 shares
	6    Shared Voting Power   8,345,771 shares
	7    Sole Dispositive Power   0 shares
	8    Shared Dispositive Power   8,345,771 shares

9	Aggregate Amount Beneficially Owned by Each Reporting Person   8,345,771 shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11	Percent of Class Represented by Amount in Row (9)   3.6%
12	Type of Reporting Person (See Instructions)   HC

 

 

1	Names of Reporting Persons.   David Einhorn
2	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)           [ ]
	(b)           [ ]
3	SEC Use Only
4	Citizenship or Place of Organization.   U.S. Citizen

Number of Shares Beneficially Owned by Each Reporting Person With	5    Sole Voting Power   0 shares
	6    Shared Voting Power   17,807,181 shares
	7    Sole Dispositive Power   0 shares
	8    Shared Dispositive Power   17,807,181 shares

9	Aggregate Amount Beneficially Owned by Each Reporting Person   17,807,181 shares
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
11	Percent of Class Represented by Amount in Row (9)   7.7%
12	Type of Reporting Person (See Instructions)   HC

 

 

AMENDMENT NO. 4 TO SCHEDULE 13G

 

This Amendment No. 4 (the “Amendment”) to Schedule 13G relating to Common Stock, par value $0.01 per share (“Common Stock”), of CNX Resources Corporation (formerly known as CONSOL Energy Inc.), a Delaware corporation (the “Issuer”), is being filed with the Securities and Exchange Commission (the “SEC”) as an amendment to the Schedule 13G filed with the SEC on February 13, 2015, as amended on July 22, 2015, August 15, 2016 and February 14, 2017.  This Amendment is being filed on behalf of Greenlight Capital, Inc., a Delaware corporation (“Greenlight Inc.”), DME Advisors, LP, a Delaware limited partnership (“DME Advisors”), DME Capital Management, LP, a Delaware limited partnership (“DME CM”), and DME Advisors GP, LLC, a Delaware limited liability company (“DME GP” and together with Greenlight Inc., DME Advisors and DME CM, “Greenlight”), and Mr. David Einhorn, the principal of Greenlight (collectively with Greenlight, the “Reporting Persons”).

Item 4.

Ownership

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)	Amount Beneficially Owned
	Greenlight Inc. may be deemed the beneficial owner of 9,393,910 shares of Common Stock. DME Advisors may be deemed the beneficial owner of 3,354,765 shares of Common Stock. DME CM may be deemed the beneficial owner of 4,991,006 shares of Common Stock. DME GP may be deemed the beneficial owner of 8,345,771 shares of Common Stock. David Einhorn may be deemed the beneficial owner of 17,807,181 shares of Common Stock.
(b)	Percent of Class
	The information set forth in Rows 5 through 11 of the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(b) for each such Reporting Person. The percentages reported herein have been determined by dividing the number of shares of Common Stock beneficially owned by each of the Reporting Persons by 230,103,982, the number of Common Shares outstanding as of October 16, 2017, as reported in the Quarterly Report on Form 10-Q filed by the Issuer on October 31, 2017 with the SEC.

 

(c)	Number of shares as to which such person has voting and dispositive power:   The information set forth in Rows 5 through 11 of the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(c) for each such Reporting Person.

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date:         February 14, 2018

	GREENLIGHT CAPITAL, INC.
	By: /s/ DANIEL ROITMAN
	Daniel Roitman Chief Operating Officer
	DME ADVISORS, LP
	By: DME Advisors GP, LLC,
	its General Partner
	By: /s/ DANIEL ROITMAN
	Daniel Roitman Chief Operating Officer
	DME CAPITAL MANAGEMENT, LP
	By: DME Advisors GP, LLC,
	its General Partner
	By: /s/ DANIEL ROITMAN
	Daniel Roitman Chief Operating Officer
	DME ADVISORS GP, LLC
	By: /s/ DANIEL ROITMAN
	Daniel Roitman Chief Operating Officer
	/s/ DANIEL ROITMAN*
	Daniel Roitman, on behalf of David Einhorn

 

* The Power of Attorney executed by David Einhorn, authorizing the signatory to sign and file this Schedule 13G on David Einhorn’s behalf, filed as Exhibit 99.2 to the Schedule 13G filed with the Securities and Exchange Commission on May 24, 2010 by the Reporting Persons with respect to the common stock of NCR Corporation, is hereby incorporated by reference.