CONSOL Energy (CNX) Misses Q2 EPS by 2c
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CONSOL Energy Reports Second Quarter Results; Record Quarterly E&P Production of 99.3 Bcfe; Decreased E&P Division Operating Costs to $2.27 Per Mcfe; Decreased 2016 E&P Division Capital Bu
July 26, 2016 6:45 AM EDTPITTSBURGH, July 26, 2016 /PRNewswire/ --Â CONSOL Energy Inc. (NYSE: CNX) reported net cash provided by operating activities in the just-ended quarter of $95 million, compared to $66 million in the year-earlier quarter, which includes $12 million and $24 million of net cash provided by discontinued operating activities, respectively.
"During the quarter, CONSOL drove down E&P unit costs by 18%, compared to the prior-year quarter, generated $46 million in organic free cash flow from continuing operations1, paid down approximately $390 million in debt, and increased estimated ultimate recoveries (EURs) in its prolific Marcellus Shale Green Hill field to... More
