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Last $14.39 USD
Change Today +0.53 / 3.82%
Volume 7.6M
CNX On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

consol energy inc (CNX) Snapshot

Open
$13.72
Previous Close
$13.86
Day High
$14.78
Day Low
$13.58
52 Week High
11/21/14 - $42.26
52 Week Low
08/24/15 - $11.46
Market Cap
3.3B
Average Volume 10 Days
6.9M
EPS TTM
$0.35
Shares Outstanding
229.0M
EX-Date
08/6/15
P/E TM
41.5x
Dividend
$0.04
Dividend Yield
1.37%
Current Stock Chart for CONSOL ENERGY INC (CNX)

consol energy inc (CNX) Related Businessweek News

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consol energy inc (CNX) Details

CONSOL Energy Inc., together with its subsidiaries, operates as an integrated energy company in the United States and internationally. The company operates through two divisions, Exploration and Production (E&P), and Coal. The E&P division produces pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 441,000 net Marcellus Shale acres; and controls approximately 118,000 net acres of Utica Shale potential in eastern Ohio, as well as controls 108,000 net acres in Southwestern Pennsylvania and Northern West Virginia that contain the rights to the natural gas in Utica Shale; and owns rights to extract coalbed methane (CBM) in Virginia from approximately 268,000 net CBM acres, which cover a portion of its coal reserves in Central Appalachia. It also owns shallow oil and gas acreage position approximately 853,000 net acres in Illinois, Indiana, Kentucky, West Virginia, Pennsylvania, Virginia, and New York; various acres that have Upper Devonian potential; 218,000 net acres of Chattanooga Shale; and 386,000 net acres of Huron Shale potential in Kentucky, West Virginia, and Virginia, as well as provides midstream gas services. The Coal division engages in mining, preparation, and marketing of thermal coal primarily to power generators, and metallurgical coal to metal and coke producers. It offers thermal coal, and low and high metallurgical coal. The company also provides energy services, including coal terminal services, water services, and land resource management services. CONSOL Energy Inc. was founded in 1864 and is headquartered in Canonsburg, Pennsylvania.

3,834 Employees
Last Reported Date: 02/6/15
Founded in 1864

consol energy inc (CNX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $738.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $489.0K
Chief Operating Officer of Exploration & Prod...
Total Annual Compensation: $469.8K
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $459.0K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $379.0K
Compensation as of Fiscal Year 2014.

consol energy inc (CNX) Key Developments

Consol Energy Inc. Receives Approval from the Moon Board of Supervisors to Build Well Pad at Pittsburgh International Airport

Consol Energy Inc. sought approval from the Moon Board of Supervisors to build a well pad on land it leases from the Allegheny County Airport Authority, which owns 9,000 acres surrounding the airport. The company agreed to pay the authority $46 million up front, plus an estimated $450 million in royalties over 20 years for the right to extract natural gas from the Marcellus shale formation beneath the airport. Moon's Planning Commission signed off on the conditional-use application to permit the well pad in mid-July. The airport's property is in Findlay and Moon. Moon supervisors unanimously approved the conditional permit on August 5, 2015.

Pennsylvania Fish & Boat Commission to Settle Suit with Consol Energy Inc. over Fish Kill

The Pennsylvania Fish & Boat Commission agreed to settle a longstanding lawsuit over a significant fish kill connected to coal mine pollution in a creek that straddles the West Virginia border in Greene County. The agency declined to discuss financial terms or discuss the deal with Murray Energy Corp., which bought the Blacksville No. 2 mine in 2013 from Consol Energy Inc. The commission in 2011 sued Consol in Monongalia County Circuit Court in West Virginia claiming discharges from its Blacksville mine there killed about 43,000 fish and other aquatic life on a 30-mile stretch of Dunkard Creek in 2009. Consol reached settlements with West Virginia and federal authorities before selling the mine to Murray along with several others. Those settlements included $5.5 million in fines for violations at several mines and a $200 million project to prevent pollution that includes a water treatment plant in Marion County.

CONSOL Energy Inc. Intends to Reduce Its Dividend Per Quarter, Effective in the Third Quarter of 2015, Payable on August 24, 2015; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production Guidance for the Year 2015 and 2016

CONSOL Energy Inc. intends to reduce dividend per quarter. Consistent with what the company previously announced on December 10, 2014 and in connection with the initial public offering of CNX Coal Resources LP, the company intends to reduce its current regular dividend to $0.01 per share, per quarter, effective in the third quarter of 2015. The dividend is payable on August 24, 2015, to shareholders of record on August 10, 2015. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, natural gas, NGLs and oil sales were $201,911,000 against $229,743,000 a year ago. Total revenue and other income was $648,939,000 against $937,370,000 a year ago. Loss before income tax was $895,230,000 against $23,721,000 a year ago. Loss from continuing operations was $603,301,000 against $24,935,000 a year ago. Net loss was $603,301,000 against $24,935,000 a year ago. Basic and diluted loss per share from continuing operations was $2.64 against $0.11 a year ago. Basic and diluted loss per share was $2.64 against $0.11 a year ago. Net cash provided by operating activities was $61,742,000 against $221,045,000 a year ago. Capital expenditures were $341,766,000 against $368,286,000 a year ago. Adjusted net loss was $84 million or $0.37 per share. Adjusted EBITDA was $138 million compared to $246 million in the year-earlier quarter. For the six months, natural gas, NGLs and oil sales were $456,491,000 against $496,041,000 a year ago. Total revenue and other income was $1,538,531,000 against $1,906,523,000 a year ago. Loss before income tax was $841,803,000 against earnings before income tax $106,459,000 a year ago. Loss from continuing operations was $524,271,000 against earnings from continuing operations of $24,935,000 a year ago. Net loss was $524,271,000 against net income of $91,069,000 a year ago. Diluted loss per share from continuing operations was $2.29 against earnings per share of $0.42 a year ago. Basic and diluted loss per share was $2.29 against earnings per share of $0.39 a year ago. Net cash provided by operating activities was $294,215,000 against $557,147,000 a year ago. Capital expenditures were $635,785,000 against $819,295,000 a year ago. The company expects third quarter 2015 gas production to be approximately 75 Bcfe to 79 Bcfe, while annual 2015 production guidance remains between 300 Bcfe to 310 Bcfe, or 30% growth compared to 2014 total production. The company continues to expect 2016 annual gas production to grow by 20%.

 

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