Key Developments: CONSOL Energy Inc (CNX)
33.97USD
17 May 2013
$0.33 (+0.98%)
$33.64
$33.75
$34.20
$33.55
1,520,741
2,416,345
$37.39
$26.41
Latest Key Developments (Source: Significant Developments)
CONSOL Energy Inc Declares Regular Quarterly Dividend Of $0.125 Per Share
CONSOL Energy Inc announced that the Board of Directors declared a regular quarterly dividend of $0.125 per share, payable on May 24, 2013, to shareholders of record on May 10, 2013. Full Article
CONSOL Energy Inc To Sell Assets Amid Weak Coal Market-Reuters
Reuters reported that CONSOL Energy Inc plans to sell more assets this year to navigate a difficult market after raising $350 million last year from the sale of non-core coal reserves in the United States and Canada. Full Article
CONSOL Energy Inc Announces CFO Change-Form 8-K
CONSOL Energy Inc reported in its Form 8-K that on December 13, 2012, William J. Lyons, Executive Vice President and Chief Financial Officer (CFO) of CONSOL Energy Inc. (Company), announced that he will retire on March 1, 2013. Mr. Lyons will remain Executive Vice President and Chief Financial Officer until his retirement. After his retirement, the Company expects that Mr. Lyons will remain a consultant to the Company through December 31, 2013. On December 14, 2012, the Board elected David M. Khani, the Company’s Vice President-Finance, to serve as the Company’s Chief Financial Officer (CFO) effective upon the retirement of Mr. Lyons on March 1, 2013, and at which time he will become an executive officer of the Company. Full Article
CONSOL Energy Inc Accelerates Declaration And Payment Of Regular Quarterly Dividend
CONSOL Energy Inc announced that Board of Directors accelerated the declaration and payment of the regular quarterly dividend. The Board declared a regular quarterly dividend of $0.125 per share, payable on December 28, 2012 , to shareholders of record on December 21, 2012 . Full Article
CONSOL Energy Inc Declares Regular Quarterly Dividend Of $0.125 Per Share
CONSOL Energy Inc announced that Board of Directors declared a regular quarterly dividend of $0.125 per share, payable on November 23, 2012, to shareholders of record on November 9, 2012. Full Article
CONSOL Energy Inc Reaffirms FY 2012 Production Guidance; Issues Q4 2012 Production Guidance
CONSOL Energy Inc announced that it expects its net gas production to be between 157-159 Bcf for fiscal 2012. Fourth quarter 2012 gas production, net to CONSOL, is expected to be approximately 42.5-44.5 Bcf. Full Article
CONSOL Energy Inc Declares Regular Quarterly Dividend Of $0.125 Per Share
CONSOL Energy Inc announced that the Board of Directors declared a regular quarterly dividend of $0.125 per share, payable on August 24, 2012, to shareholders of record on August 10, 2012. Full Article
CONSOL Energy Inc Issues FY, Q3 2012 Production Guidance
CONSOL Energy announced that expects its net gas production to be between 157-159 Bcf for fiscal 2012. Third quarter 2012 gas production, net to CONSOL, is expected to be approximately 40-42 Bcf. Full Article
CONSOL Energy Inc Sells Northern Powder River Basin Assets For $170 Million
CONSOL Energy Inc announced that it has sold its non-producing Northern Powder River Basin (PRB) assets for $170 million in cash to Cloud Peak Energy. Additionally, CONSOL Energy has structured the transaction to retain an 8% production royalty interest on approximately 200 million tons of permitted fee coal. The transaction is effective as of June 29, 2012. CONSOL Energy's Northern PRB assets consist of three separate parcels, including Youngs Creek Mining Company LLC and CX Ranch, both of which are 50% owned by Chevron, and additional related properties in and around Sheridan, Wyoming. Full Article
CONSOL Energy Inc's Fola Operations To Be Idled
CONSOL Energy Inc announced that it has issued notice under the Worker Adjustment and Retraining Notification Act (WARN) of a layoff at its Fola Operations near Bickmore, West Virginia. It is expected that the layoffs will impact approximately 318 employees at the Fola complex and will occur during a 14-day period beginning at 12:01 a.m., on August 30, 2012. Surface, reclamation, underground, and general office staff will be affected and were officially briefed on the situation on June 28, 2012 and June 30, 2012. CONSOL Energy expects 2012 production to be reduced by approximately 800,000 tons. In the interim period between June 30, 2012 and when the layoff takes effect, underground operations will continue, however, Fola surface employees will be reassigned from mining to reclamation work. The only coal to be mined on the surface will be coal incidental to reclamation. Following the initial 60-day period, mining will be idled at the underground operations. Reclamation will begin in areas not necessary to future operations and an undetermined number of employees will be retained to assist in those efforts. Full Article
Consol Energy's first-quarter coal output rises on strong export demand
April 12 - Coal and natural gas producer Consol Energy Inc's coal output exceeded its estimates for the first quarter due to stronger-than-expected export demand and cold weather that prompted power utilities to take all contracted volumes.
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