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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... 

Consol hikes 2012 budget, CEO warns of uncertainty

By: Matthew Hill Pittsburgh-based Consol Energy plans to spend $1.7-billion during 2012, $300-million more than last year’s figure, with coal accounting for the biggest chunk after gas, the company said on Tuesday. Of the total, Consol allocated $755-million to gas, the lion's share of which will go towards... 

Consol to meet Q3 coal guidance

By: Matthew Hill Consol Energy, the Pittsburgh-based coal and gas producer, produced 14.7-million tons of coal in the third quarter, which it said was toward the higher end of previous guidance. The company forecast the last quarter’s production would come in at between 14.7- and 15.3-million tons, bringing full... 

Noble enters $3.4bn shale gas venture with Consol

By: Matthew Hill NYSE-listed Consol Energy, the US coal and gas giant, on Thursday said it would sell a 50% stake in its Marcellus Shale assets in the east of the country for $3.4-billion to oil and gas producer Noble Energy. The deal is effective July 1, and is expected to close in September. 

Consol earnings rise

By: Liezel Hill US coal and gas producer Consol Energy increased adjusted net income 69% year-on-year, to $174-million, thanks to higher revenue and sales in its coal division. Consol Energy mines coal in Utah, Kentucky, Ohio, West Virginia, Virginia and Pennsylvania, and also produces and explores for natural... 

Consol raises outlook, shares gain

By: Liezel Hill Shares in US coal and gas producer Consol Energy rose more than four percent on Thursday, after the company raised its 2011 coal production guidance based on a strong start to the year. Consol produced 15.4-million tons of coal in the second quarter, including 1.4-million tons of low-vol... 

Consol seeking to increase coal exports

By: Liezel Hill Consol Energy is looking for ways to increase both metallurgical and thermal coal exports from its Eastern US mines, executives said on Thursday. Consol expects to export around 10,2-million tons this year, up some 49% compared with 2010, and could boost that figure to some 15-million tons of... 

Consol Energy boosts coal, gas output

By: Liezel Hill Pittsburgh-based Consol Energy increased coal production in the third quarter to 14,7-million tons of coal, including 1,3-million tons of low-volatile coking coal produced at the Buchanan mine, the firm said on Wednesday. A year ago, Consol produced 12,9-million tons of thermal coal and... 

Tighter enviro regulations will push energy prices higher – Consol

By: Liezel Hill Increased scrutiny in the US of water pollution by mining companies will result in higher domestic energy prices, Consol Energy CEO Brett Harvey said on Thursday. Pittsburgh-based Consol produces thermal and metallurgical coal from mines in the US, and also has a natural gas business. 

Consol Energy earned $143,2m in Q4

By: Liezel Hill Pittsburgh-based coal-miner Consol Energy reported net income of $143,2-million for the fourth quarter, which was lower than earnings of $176,3-million a year earlier, but above analyst estimates, according to Reuters. For the full year, Consol posted a net profit of $539,7-million, compared... 

Coal-miner Consol announces $1bn capital budget

By: Liezel Hill US coal producer Consol Energy's board has approved a capital budget of $1-billion for this year, including $400-million for subsidiary CNX Gas Corporation, and indicated that the gas business will be the focus for growth going forward. The company has budgeted $500-million for coal operations... 

2010 will be 'bridge year' for coal - Consol chief

By: Liezel Hill After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved conditions in 2011, Consol Energy CEO Brett Harvey said on Thursday. Consol – the fourth-biggest coal producer in the US – saw earnings decline year-on-year in the third quarter, and will... 

Consol Energy posts $113m profit, cuts output guidance

By: Liezel Hill Pittsburgh-based coal-miner Consol Energy increased its second-quarter net income to $113,3-million, compared with $101-million for the same period last year, but announced on Thursday it plans to produce less coal in 2009 than previously indicated. The increase in profit year-on-year was due to... 

Consol will restart Buchanan mine, cuts '09 guidance again

By: Liezel Hill Pittsburgh-based coal-miner Consol Energy has reduced its production outlook for 2009 to 60-million tons, from a previous estimate of 62-million tons, as it seeks to match output to weak demand. Last year, the company produced 64,4-million tons of coal. 

Consol Energy profit leaps, lowers output forecast

By: Liezel Hill Pittsburgh-based coal-miner Consol Energy increased its earnings in the first quarter of this year by more than 260%, thanks to higher prices for its coal. Net income rose to $195,8-million, compared with $75,1-million in the same period a year earlier, and revenue increased to $1,22-billion,... 

Consol Energy upbeat on long-term prospects for coal, natural gas

By: Liezel Hill Coal-miner Consol Energy expects that long-term demand for coal and natural gas will remain strong, president and CEO Brett Harvey said on Thursday. Pennsylvania-based Consol reported third-quarter earnings of $90,1-million, compared with a loss of $5,4-million in the third quarter of 2007, when... 

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