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CONSOL Energy Inc.

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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. In addition, CONSOL Energy’s decision to form a thermal MLP and debt reduction initiatives are going benefit it in the long run. CONSOL has incurred losses in the four trailing quarters, primarily due to the depressed commodity price environment, which has taken a toll despite improvements in natural gas production volumes. Contribution from its Coal division dropped significantly from the prior-year quarter. Dependence on a limited group of customers for bulk sales of coal and operation of traditionally risky underground mines are adding to its trouble.

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