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Consol Energy widens Q2 loss as special items hurt bottom line

By: Henry Lazenby The NYSE-listed stock of US fossil fuels producer Consol Energy on Tuesday morning lost as much as $0.62 apiece after it reported that its second-quarter loss nearly doubled as a result of once-off charges related to retiring some of its debt early. For the three months ended June 30,... 

Consol Energy on the rise as Q1 profit soars

By: Henry Lazenby US fossil fuels producer Consol Energy’s NYSE-listed stock on Tuesday climbed with as much as $2.23 apiece after the company reported that it had swung to a first-quarter profit, as sales growth in its gas exploration and production (E&P) and oil divisions outpaced that of coal. Consol Energy... 

Consol Energy names president Deluliis as CEO

By: Henry Lazenby US coal and natural gas producer Consol Energy on Friday announced that president Nicholas Deluliis would assume the position of CEO following current CEO Brett Harvey’s appointment as executive chairperson. These changes would become effective immediately after the company’s annual shareholder... 

Consol Energy appoints Chesapeake Energy executive as new COO

By: Henry Lazenby US-based fossil energy producer Consol Energy on Wednesday said that it had chosen Chesapeake Energy executive Timothy Dugan as the new COO for its exploration and production (E&P) division. At Chesapeake, Dugan most recently served as VP of the Appalachia South business unit. Since 2009, he has... 

Consol Energy widens third-quarter loss, drives down costs

By: Henry Lazenby US coal and gas producer Consol Energy has widened its third-quarter net loss to $63.65-million, or $0.28 a share, from a net loss of $11.36-million, or $0.05 a share, despite driving down production costs and increasing output in both its natural gas and coal divisions. During the three months... 

Consol Energy reports better-than-expected Q3 production

By: Henry Lazenby US coal and gas producer Consol Energy on Tuesday said it had produced and sold more gas and coal during the third quarter ended September 30, than expected. Consol's gas division produced 46.1-billion cubic feet equivalent (Bcfe) during the third quarter, 17% more than the 39.5 Bcfe produced in... 

Consol Energy widens loss in ‘challenging’ Q2

By: Henry Lazenby US fossil fuels producer Consol Energy recorded a second-quarter net loss, despite producing more coal in the three months ended June 30 than had been expected. The NYSE-listed company reported a net loss of $13-million, or $0.05 a share, compared with net income of $153-million, or $0.67 a... 

Consol Energy lifts Q1 production as demand rises

By: Henry Lazenby Diversified eastern US fuel producer Consol Energy coal production has surged during the first quarter ended March 31 to supply stronger-than-expected export markets. The Pittsburgh-based company on Friday said its coal division had produced 14.8-million tons during the quarter, including... 

Consol beats Q4 earnings expectations on effective cost containment

By: Henry Lazenby US-based coal and gas producer Consol Energy beat analyst estimates for its fourth-quarter earnings despite lower coal sales and lower prices, as its focus on cost containment during 2012 paid off to deliver the lowest quarterly cost per ton of coal for any quarter in 2012. The company on... 

Consol Energy lowers 2013 capex, shifts focus to gas

By: Henry Lazenby Eastern US-focused diversified fuel producer Consol Energy on Monday said it planned to reduce its 2013 capital expenditure (capex) budget by about 11.5% to between $1.29-billion and $1.5-billion, the bulk of which would be spent on its natural gas division. Following the sale of assets worth a... 

Consol Energy posts Q3 loss as mine idlings take toll

By: Henry Lazenby US-based coal miner Consol Energy on Thursday reported a 106.5% drop in income during the third quarter as a number of planned and unplanned mine idlings impacted on the company’s financial performance. The Eastern US-focused company reported a net loss for the quarter ended September 30 of... 

Consol Energy net nearly doubles on gains, feels market headwinds

By: Henry Lazenby US-based coal and natural gas giant Consol Energy maintained its regular quarterly dividend at 25.5c a share on Friday, following the company nearly doubling its net earnings for the second quarter ended June 30, to just shy of $153-million. 

Cloud Peak buys Powder River Basin coal assets for $300m

By: Idéle Esterhuizen US coal miner Cloud Peak Energy said on Monday that it had acquired the Powder River Basin (PRB) assets from Chevron and Consol Energy for $300-million. Of the purchase price, $195-million was allocated to the lease of about 450-million tons of in-place coal and $105-million to the purchase and... 

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