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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
04/24/201510:52:26Jefferies Group Trims CONSOL Energy Target Price to $39.00 (CNX)
04/22/201513:55:54Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/13/201507:00:00CONSOL Energy Announces First Quarter 2015 Earnings Release and...
04/10/201516:20:27Amended Statement of Ownership (sc 13g/a)
04/09/201519:21:20Study finds rising radon levels in Pennsylvania homes amid fracking...
04/07/201507:00:00CONSOL Energy Earns Center for Sustainable Shale Development...
04/06/201512:58:33Consol Energy cut to Hold from Buy at Deutsche Bank
04/06/201500:28:56Coal: The 'War On Coal' - Or 'Creative Destruction' - Continues
04/02/201516:35:24Statement of Changes in Beneficial Ownership (4)
04/02/201502:40:47First Quarter Large Cap Winners And Losers
04/01/201511:00:00CONSOL Energy and Halliburton Deliver Industry's First Complete...
04/01/201508:05:54Consol Energy's thermal coal unit files for IPO
04/01/201507:13:00CONSOL Energy Inc. Announces that CNX Coal Resources LP Has Filed...
03/30/201517:28:20Current Report Filing (8-k)
03/30/201516:30:00CONSOL Energy Inc. Announces Closing of $500 Million of Senior...
03/30/201505:31:17Metals And Mining: Where The Wild Yields Are
03/26/201506:07:02Current Report Filing (8-k)
03/25/201523:13:00CONSOL Energy Inc. Announces Pricing of $500 Million of Senior...
03/25/201516:32:50Proxy Statement (definitive) (def 14a)
03/24/201507:18:34Current Report Filing (8-k)

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