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CONSOL Energy (CNX) Exceeds Q2 Earnings & Revenue Estimates
August 01, 2017

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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) to concentrate more on E&P activities. CONSOL Energy’s focus on expanding its natural gas operations is yielding positive results.

Last month CONSOL Energy has filed Form 10 with the U.S. Securities and Exchange Commission (SEC) to separate its Coal Mining and Exploration & Production (E&P) Division into two distinct publicly-traded companies.

Estimate Trend & Surprise History

Investors should note that the second quarter Zacks Consensus Estimate of 10 cents per share has increased 11.1% from 9 cents over the last 90 days.

Coming to the earnings surprise, CONSOL Energy has surpassed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a positive average surprise of 23.67%.

Zacks Rank: Currently, CONSOL Energy has a Zacks Rank#3 (Hold) but that could change following its second quarter 2017 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 adjusted earnings of 17 cents per share in second quarter beating the Zacks Consensus Estimate of 10 cents by 70.0%.
 

CONSOL Energy Inc. Price and EPS Surprise

 

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

 

Revenue: CONSOL’s total revenues of $865.9 million in second quarter were higher than the Zacks Consensus Estimate of $673 million by 28.7%.

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

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