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Consolidated Energy Boosts Full-Year Coal Production Outlook

DOW JONES NEWSWIRES Consol Energy Inc. (CNX) boosted its forecast for total coal production this year, citing strong performance in a handful of its mines. The company has benefited with other coal producers from robust global demand even as it aggressively expands its natural-gas production in Pennsylvania's Marcellus Shale formation. For the full year, Consol now sees annual coal production between 62 million and 63 million tons, up from its prior expectation of 60 million to 62 million tons. For the current quarter, it expects production between 14.4 and 14.8 million tons, while in the quarter ended June 30, Consol expects total coal production of 15.4 million tons. "Consol's mines ran very well during the quarter," said Consol Chief Executive J. Brett Harvey. "Buchanan Mine ran especially well, considering that it made a longwall move during the quarter. Our Shoemaker Mine also set daily and monthly production records." Last quarter, the company posted a higher first-quarter profit amid higher-than-expected coal production and surging prices. Shares of Consol were recently up 1.6% to $49.50. The stock is up 33% in the past year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Cons Energy (CNX)
DateTimeHeadline
05/05/201607:00:00CONE Midstream Reports First Quarter Results
05/04/201616:51:26Current Report Filing (8-k)
04/28/201611:24:58Quarterly Report (10-q)
04/26/201606:57:23Current Report Filing (8-k)
04/26/201606:45:00CONSOL Energy Reports First Quarter Results; Record Quarterly...
04/25/201616:10:00CNX Coal Resources LP Announces Results for the First Quarter...
04/22/201612:50:00Offshore Driller Noble Further Slashes Dividend
04/22/201612:44:00Offshore Driller Noble Further Slashes Dividend
04/21/201608:58:00CONE Midstream Increases Quarterly Cash Distribution
04/20/201616:49:30Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/11/201614:52:00CONE Midstream Schedules Earnings Release And Conference Call...
04/07/201616:36:38Current Report Filing (8-k)
04/07/201616:30:00CONSOL Energy Announces the Retirement of Chief Commercial Officer...
04/06/201617:07:31Current Report Filing (8-k)
04/05/201609:37:00CNX Coal Resources Schedules First Quarter 2016 Earnings Release...
04/04/201616:15:00CONSOL Energy Announces First Quarter 2016 Earnings Release and...
04/01/201606:46:51Proxy Statement (definitive) (def 14a)
04/01/201606:45:00CONSOL Energy Closes on Sale of the Buchanan Mine and other Coal...
03/07/201618:45:03Statement of Changes in Beneficial Ownership (4)
03/07/201618:44:11Statement of Changes in Beneficial Ownership (4)

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