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CONSOL Energy Inc (CNX.N)

CNX.N on New York Stock Exchange

21.30USD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Consol Energy and Noble Energy announce agreement to separate Marcellus shale joint venture
Monday, 31 Oct 2016 06:45am EDT 

Noble Energy Inc : Consol Energy and Noble Energy announce agreement to separate Marcellus shale joint venture . Noble Energy says under agreement each party will own and operate a 100% interest in its properties and wells in two separate operating areas . Noble Energy says two cos negotiated separation of jv formed in 2011 for exploration, development, and operation of primarily Marcellus shale properties . Noble Energy says closing of exchange agreement is not subject to a financing condition and is expected to close in Q4 of 2016 . Noble Energy says in addition to acreage, production realignment between 2 cos, Noble will also remit cash payment of about $205 million to Consol Energy .Noble Energy says exchange of properties, cash result in elimination of remaining outstanding carry cost obligation due from Noble Energy to Consol Energy.  Full Article

CNX Coal Resources acquires additional interest in Pennsylvania mining complex for $88.8 mln
Monday, 3 Oct 2016 07:00am EDT 

CNX Coal Resources Lp : CNX Coal Resources acquires additional interest in Pennsylvania mining complex . Acquisition increased partnership's undivided interest in PAMC to 25% . CNXC funded transaction with combination of available borrowings under credit facility , issuance of convertible preferred units . Deal for $88.8 million .Terms of acquisition and financing were approved by conflicts committee of board of directors of CNX Coal Resources Gp LLC.  Full Article

Cone Midstream reported second quarter results and increases guidance
Thursday, 4 Aug 2016 06:45am EDT 

Cone Midstream Partners LP : Cone Midstream reports second quarter results and increases guidance . Full year distributable cash flow attributable to partnership is now expected to be in range of $82 - $92 million . Qtrly average daily throughput volumes of 857 billion BTU per day (BBTU/D) as compared to 568 BBTU/D .Full year 2016 adjusted ebitda attributable to partnership is now expected to be in range of $96 - $106 million.  Full Article

Consol Energy closes on sale of Miller Creek and Fola Mine complexes to Southeastern Land
Tuesday, 2 Aug 2016 06:45am EDT 

Consol Energy Inc :Closes on sale of Miller Creek and Fola Mine complexes to Southeastern Land Llc.  Full Article

Consol Energy Q2 loss per share from continuing operations $1.02
Tuesday, 26 Jul 2016 06:45am EDT 

Consol Energy Inc : Increased 2016 E&P division production guidance to 380-385 bcfe . Consol Energy increases its annual 2016 e&p division production to 380-385 bcfe . Anticipates duc well inventory to grow to 91 gross marcellus, utica shale wells exiting 2016, which includes 76 wells that are located in wet areas . Qtrly coal production 6.0 million tons versus 5.9 million tons . In E&P division, plans to add back two horizontal rigs to resume drilling starting in August 2016 . Q2 earnings per share view $-0.18, revenue view $566.7 million -- Thomson Reuters I/B/E/S . Decreased 2016 E&P division capital budget to $190-$205 million . During Q2 of 2016, Pennsylvania operations total unit costs were $34.46 per ton, compared to $44.15 per ton . Sees 2016 Total Coal Division Capital Expenditures To Be Between $105-$125 million . Qtrly total hedged natural gas production in 2016 q3 is 75.6 bcf .Q2 total revenue and other incomes $285.8 million versus $ 545.6 million last year; Q2 loss per share from continuing operations $1.02.  Full Article

Consol Energy Q2 loss per share $2.05 including items
Tuesday, 26 Jul 2016 06:45am EDT 

Consol Energy : $205 million; increased 2016 E&P division production g . Q2 loss per share $1.02 from continuing operations . Q2 loss per share $2.05 including items .Q2 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S.  Full Article

Consol Energy selling Miller Creek, Fola Mine complexes
Monday, 25 Jul 2016 04:17pm EDT 

Consol Energy : Purchase agreements require consol sellers to collectively make payments to buyer over time in the approximate amount of $44 million . Units entered into 2 purchase and sale agreements with Southeastern Land LLC related to sale of CEI’s Miller Creek, Fola Mine Complexes . Buyer will acquire assets and assume liabilities relating to Miller Creek mine operations located in West Virginia . Buyer will assume approximately $103 million of specified liabilities, including mine closing and reclamation liabilities .Buyer will acquire assets and assume liabilities relating to the Fola operations located in West Virginia.  Full Article

Cnx Coal Resources says quarterly revenue $53.8 mln
Monday, 25 Jul 2016 04:10pm EDT 

Cnx Coal Resources Lp : Says reaffirming previously announced guidance for 2016 . Fy2016 earnings per share view $0.82, revenue view $226.2 million -- Thomson Reuters I/B/E/S . Qtrly revenue $53.8 million versus $64.5 million . Q2 revenue view $53.4 million -- Thomson Reuters I/B/E/S . Cnx coal resources lp announces results for the second quarter 2016 . Says "for q3, we expect coal shipments and average realized price per ton to increase slightly" .Board has elected not to pay a distribution to holders of subordinated units for period ended june 30, 2016.  Full Article

Cone Midstream increases quarterly cash distribution to $0.254/unit
Friday, 22 Jul 2016 06:45am EDT 

Cone Midstream Partners LP : Cone midstream increases quarterly cash distribution . Declaration of a cash distribution of $0.254 per unit with respect to Q2 of 2016 .Distribution, which equates to an annual rate of $1.016 per unit, represents an increase of 3.7 pct over prior quarter.  Full Article

S&P says Consol Energy downgraded to 'B' from 'BB-'
Friday, 27 May 2016 05:04pm EDT 

S&P : Consol Energy Inc. Downgraded to 'B' from 'BB-'; outlook is stable .Lowering corporate credit rating on consol to reflect weakening credit measures and continuing uncertainty surrounding the commodity environment.  Full Article

BRIEF-Consol Energy reports 20.7 pct stake in Cone Midstream Partners

* Consol Energy Inc reports 20.7 pct stake in cone Midstream Partners Lp as of Nov 16 - sec filing Source text - http://bit.ly/2gfDXSG Further company coverage: