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CONSOL Energy (CNX) Posts Break-Even Q4 Earnings

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Canonsburg, PA based CONSOL Energy Inc., (CNX - Free Report) is a multi-fuel energy producer and an energy services provider, primarily catering to the U.S. power producers. The company principally operates two business lines: Coal and Natural Gas.

CONSOL Energy’s increasing focus on natural gas, along with its remaining coal operation, will help it to survive difficult industry fundamentals even when some of its coal-focused peers are going bankrupt. CONSOL is also assiduously lowering its costs and expects more cost saves in the future

CONSOL Energy formed a coal MLP, CNX Coal Resources (CNXC - Free Report) to concentrate more on E&P activities. CONSOL Energy’s focus on expanding its natural gas operations is yielding positive results.

Estimate Trend & Surprise History

Investors should note that the fourth quarter Zacks Consensus Estimate for loss of 1 cents per share has narrowed by 5 cents over the last 60 days.

Coming to the earnings surprise, CONSOL Energy has lagged the Zacks Consensus Estimate in three of the last four quarters, resulting in a negative average surprise of 39.42%.

CONSOL Energy Inc. Price and EPS Surprise

CONSOL Energy Inc. Price and EPS Surprise | CONSOL Energy Inc. Quote

Zacks Rank: Currently, CONSOL Energy has a Zacks Rank#2 (Buy) but that could change following its fourth quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

We have highlighted some of the key details from the just-released announcement below:

Earnings: The company reported break-even adjusted earnings per share in fourth quarter compared with the Zacks Consensus Estimate of a loss of 1 cents.
 
Revenue: CONSOL’s total revenues of $462.1 million were lower than the Zacks Consensus Estimate of $619 million by 25.3%.

Key Stats: CONSOL Energy registered a 6% year-over-year increase in fourth quarter 2016 gas production volumes to 101.3 billion cubic feet equivalent (Bcfe).

Check back later for our full write up on this CNX earnings report later!

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