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News Breaks
January 28, 2013
09:32 EDTCNXCONSOL Energy selects Linde to power drilling, hydraulic facturing operations
Linde North America announced that CONSOL Energy has contracted with Linde to supply LNG and related equipment and services for all of its operations in the Marcellus and Utica basins. This new agreement follows successful completion of a trial conducted by the two companies using Linde’s LNG to replace some of the diesel fuel used to power the diesel engines that drive drilling rigs. Under the new agreement, Linde’s LNG solution will be used to power gas drilling for CONSOL and may also be expanded to applications such as hydraulic fracturing, mining and marine operations.
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January 30, 2015
06:58 EDTCNXCONSOL expects to invest $1B in E&P Division during FY15
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06:55 EDTCNXCONSOL reports Q4 Coal Division production 8M tons
During Q4, CONSOL's Coal Division produced 8.0M tons, which was in-line with previous quarter's guidance, despite a roof fall on a longwall at Bailey Mine and continued geological conditions at Enlow Fork, which ultimately resulted in 10 days of reduced production. The Bailey Mine produced 2.7M tons in Q4, compared to 2.8M tons produced in the year-earlier quarter. The Enlow Fork Mine produced 2.6M tons in Q4, which is flat when compared to the year-earlier quarter. Despite difficult geological conditions, Enlow Fork managed to record total unit costs of $38.25 per ton, which is the lowest unit cost across the Coal Division. Enlow Fork's 2014 annual production was 10.6M tons. The Harvey Mine produced 1.1M tons in Q4. The Harvey Mine started longwall operations in late March of 2014, and CONSOL expects normal levels of longwall production moving forward. The Buchanan Mine continued to operate on a reduced schedule of two shifts per day and produced 1M tons during Q4, compared to 1.2M tons produced in the year-earlier quarter. The reduced schedule allowed the mine to optimize its cost structure for decreased levels of production, which is reflected in much lower all-in unit costs during Q4 of $53.96 per ton, compared to $66.60 per ton in the year-earlier quarter. The Buchanan Mine is able to quickly ramp up to the full production capacity rate of 5.0M tons per year when market conditions warrant. During the quarter, and in conjunction with the reduced operating schedule, CONSOL has continued maintenance work on the production shaft, which is on-track for completion by late 2015, or early 2016.
06:52 EDTCNXCONSOL sees FY15 gas production 300-310 Bcfe
CONSOL FY15 gas production is expected to be between 300-310 Bcfe, or 30% growth compared to 2014 total production. CONSOL Energy continues to expect 2016 annual gas production to grow by 30%.
06:52 EDTCNXCONSOL sees Q1 gas production 70-74 Bcfe
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06:49 EDTCNXCONSOL reports Q4 reports Q4 E&P Division production 70.5 Bcfe
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06:47 EDTCNXCONSOL reports Q4 adjusted EPS 25c, consensus 20c
Reports Q4 revenue $935.67M, consensus $958.71M.
January 29, 2015
15:37 EDTCNXNotable companies reporting before tomorrow's open
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10:05 EDTCNXOn The Fly: Analyst Initiation Summary
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07:21 EDTCNXCONSOL initiated with a Neutral at Macquarie
Target $31.50.
January 28, 2015
17:07 EDTCNXCONSOL initiated with a Neutral at Macquarie
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