CONSOL to Announce 2Q15 Earnings Loss & Future Plans on July 28

A brief statement was issued yesterday from CONSOL Energy, the mothership of CNX Gas and center of ongoing rumors about whether it may either sell CNX or possibly sell it’s controlling interest in its 50/50 joint venture in some 663,350 of 750,000 net acres it owns in the Marcellus/Utica to jv partner Noble Energy (see CONSOL Energy/Noble Energy Rumors Continue to Swirl). Yesterday CONSOL telegraphed to investors that during a forthcoming July 28 second quarter earnings announcement it will show a loss from operations because of the low commodity price of natural gas. CONSOL also said in the July 28 it will discuss a plan “to generate free cash flow over the next 18-months, beginning in the second half of 2015, while maintaining annual gas production guidance at 30% growth for 2015 and 20% for 2016″…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment