CONSOL Energy (CNX) Tops Q1 EPS by 1c

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Go back to CONSOL Energy (CNX) Tops Q1 EPS by 1c

CONSOL Energy Reports First Quarter Results; Record Quarterly E&P Production of 97.5 Bcfe; Total E&P Division Cash Costs of $1.33 Per Mcfe; Borrowing Base Reaffirmed at $2 billion; Liquidity I

April 26, 2016 6:45 AM EDT

PITTSBURGH, April 26, 2016 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) reported a net loss from continuing operations of $50 million for the quarter, or ($0.22) per diluted share. When including the loss from discontinued operations, net of tax, of $46 million, less net income attributable to noncontrolling interest, the company reported a net loss attributable to CONSOL Energy shareholders of $98 million or ($0.43) per diluted share.

 

(Dollars in thousands)

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CNX Coal Resources LP Announces Results for the First Quarter 2016

April 25, 2016 4:10 PM EDT

PITTSBURGH, April 25, 2016 /PRNewswire/ -- CNX Coal Resources LP (NYSE: CNXC) today reported financial and operating results for the quarter ended March 31, 2016.

First Quarter 2016 Results

Highlights of the CNXC first quarter of 2016 results include:

Cash distribution of $0.5125 per unit Net income of $2.5 million Adjusted EBITDA1 of $13.1 million Achieved its lowest cost of coal sales in last six years Increased 2016 adjusted EBITDA guidance by $2.0 million Reduced 2016 capital expenditures guidance by $7.0 million

Management... More