CONSOL Energy (CNX) Tops Q1 EPS by 7c

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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

May 2, 2017 6:45 AM EDT

PITTSBURGH, May 2, 2017 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) reported net cash provided by operating activities in the just-ended quarter of $205 million, compared to $130 million in the year-earlier quarter, which included $6 million of net cash provided by discontinued operating activities. The company reported a net loss of $34 million for the quarter, less $5 million of net income attributable to noncontrolling interest, for a net loss attributable to CONSOL Energy shareholders of $39 million or a loss of $0.17 per diluted share.

Earnings before deducting net interest expense (interest expense less interest income), income taxes and... More