Jefferies Raises Price Target on CONSOL Energy (CNX) to $20 Following 2Q Earnings
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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
CNX Coal Resources LP Announces Results for the Second Quarter 2016
July 25, 2016 4:10 PM EDTPITTSBURGH, July 25, 2016 /PRNewswire/ --Â CNX Coal Resources LP (NYSE: CNXC) today reported financial and operating results for the quarter ended June 30, 2016.
Second Quarter 2016 Results
Highlights of the CNXC second quarter of 2016 results include:
Cash distribution of $0.5125 per each common unit Net income of $2.6 million Adjusted EBITDA1 of $13.3 million Sales volume recovers to the highest level since first quarter of 2015 Reaffirming previously announced guidance for 2016Management... More
