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CONSOL Energy Inc (CNX.N)

CNX.N on New York Stock Exchange

16.27USD
22 Sep 2017
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$0.22 (+1.37%)
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Latest Key Developments (Source: Significant Developments)

CNX Coal Resources provides update on the Bailey mine permit
Monday, 18 Sep 2017 06:46am EDT 

Sept 18 (Reuters) - CNX Coal Resources LP :CNX Coal Resources provides update on the Bailey mine permit.CNX Coal Resources LP - ‍Pennsylvania Department of Environmental Protection is requiring more time to evaluate approval of Bailey mine permit for 4L panel​.CNX Coal Resources LP - ‍company has decided to move longwall to another panel in order to resume operations​.CNX Coal Resources LP - ‍company expects longwall move to last approximately four weeks​.CNX Coal Resources LP sees ‍2017 adj EBITDA of $95 mln to $105 mln​.CNX Coal Resources LP sees ‍2017 sales guidance of 6.4 mln to 6.9 mln tons​.CNX Coal Resources LP - ‍mitigation measures related to 4L panel include working additional unscheduled shifts at remaining four longwalls​.  Full Article

CNX Coal Resources updates 2017 outlook
Tuesday, 5 Sep 2017 06:45am EDT 

Sept 5 (Reuters) - CNX Coal Resources LP :CNX Coal resources updates 2017 outlook.CNX Coal Resources LP - revised 2017 adjusted EBITDA outlook to $95-$105 million.Sees 2017 capital expenditure of $28-$30 million.CNX Coal Resources - reducing top end of 2017 adjusted EBITDA range to reflect ongoing mild weather trends in Q3 that have affected power demand in PJM region.CNX Coal Resources LP - ‍to reduce adverse cost impact from Enlow Fork Mine, taken various steps including temporarily suspending use of contractors.CNX Coal Resources LP - steps to reduce adverse cost impact from Enlow Fork, include lowering capital expenditures by about $3 million at midpoint of guidance.CNX Coal Resources - ‍longwall in 4L panel at company's Bailey Mine​ has been idled and workforce adjustments are being made.CNX Coal- ‍as of midnight Monday, Pennsylvania dep sought more time to review technical merits of permit for longwall mining in 4L panel at Bailey Mine​.CNX Coal Resources LP - ‍pennsylvania Mining Complex will lose approximately 25,000 tons of production per day as a result of permit delay​.CNX Coal Resources LP - co maintains the mining permit for Bailey Mine meets necessary criteria for approval.  Full Article

Consol Energy announces company update; board authorizes share repurchase program
Tuesday, 5 Sep 2017 06:45am EDT 

Sept 5 (Reuters) - Consol Energy Inc :Consol Energy announces company update and participation at Barclays CEO Energy-Power Conference; board authorizes share repurchase program.Consol Energy Inc - ‍now expects full year 2017 adjusted EBITDA guidance to be approximately $815 million​.Consol Energy Inc - ‍Consol Energy's board of directors has approved a one-year share repurchase program of up to $200 million​.Consol Energy - is decreasing its 2017 E&P division production guidance to approximately 405-415 Bcfe, compared to previously stated guidance of 420-440 Bcfe.Consol Energy Inc - company expects total consolidated coal capital expenditures to decrease to $112-$120 million.Consol Energy-intends to execute spin-off transaction related to ‍coal and E&P businesses at earliest possible time, which is expected to be in Q4 of 2017​.Consol Energy-co entered into contract to sell a large block of surface acreage for approximately $25 million, which company expects to close early in Q4.  Full Article

Consol Energy announces filing of form 10 registration statement for spin-off
Tuesday, 11 Jul 2017 06:45am EDT 

July 11 (Reuters) - Consol Energy Inc ::Consol Energy- filing of form 10 registration statement for spin-off of pennsylvania mining operations, other coal assets‍​.Consol Energy- remains committed to separating its coal and gas businesses and expects to be in a position to complete separation as early as 2017​‍​.Consol Energy Inc - form 10 also contemplates that the coal business will operate under the name Consol Energy Inc. After the spin-off‍​.Consol Energy - effective August 2, 2017, David Khani will serve as CFO of coal business, Don Rush to assume role of EVP and CFO of co.Consol Energy Inc - after separation, Nick Deiuliis to serve as president and CEO of E&P business, Don Rush to serve as EVP and CFO of E&P business.Consol Energy Inc - Jimmy Brock has been appointed as chief executive officer of coal business and Katharine Fredriksen as president of coal business.Consol Energy Inc - form 10 also contemplates that E&P company will operate under a new name that will be announced at a later date.  Full Article

Greenlight Capital dissolves share stake in Yelp, cuts share stake in Chemours Co
Monday, 15 May 2017 06:28pm EDT 

May 15 (Reuters) - Greenlight Capital: :Greenlight Capital dissolves share stake in Yelp Inc.Greenlight Capital ups share stake in Consol Energy Inc by 47.1 percent to 22.7 million shares.Greenlight Capital Inc cuts share stake in Chemours Co by 44.1 percent to 5.0 million shares.Greenlight Capital Inc cuts share stake in Rite Aid Corp by 18.0 percent to 16.8 million shares.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec. 31, 2016.  Full Article

CONSOL Energy Q1 adjusted earnings per share $0.17
Tuesday, 2 May 2017 06:45am EDT 

May 2 (Reuters) - Consol Energy Inc :Consol energy reports first quarter results; increased 2017 and 2018 production guidance to 420-440 bcfe and 490-520 bcfe, respectively; closed on sale of assets totaling $108 million to date.Q1 loss per share $0.17.Q1 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Consol energy inc says during q1 of 2017, consol's e&p division sold 95.0 bcfe, or a decrease of 3% from 97.5 bcfe sold in year-earlier quarter.Consol energy inc says expects utica shale total production costs to improve to approximately $1.80 per mcfe for full year 2017.Consol energy inc says for q1 of 2017, consol's average sales price for natural gas, natural gas liquids, oil, and condensate was $2.85 per mcfe.Consol energy -increasing its e&p division production guidance for 2017 and 2018 to approximately 420-440 bcfe and 490-520 bcfe, respectively.Consol energy inc - qtrly total revenue and other income $698.7 million versus $532.8 million.Q1 adjusted earnings per share $0.17.Q1 revenue view $641.3 million -- Thomson Reuters I/B/E/S.  Full Article

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

BRIEF-Egypt's Golden Pyramids Plaza posts H1 consol profit

* H1 CONSOL NET PROFIT $32.3 MILLION VERSUS LOSS OF $2.2 MILLION YEAR AGO