Referenced Stocks

UPDATE: CONSOL Energy Expects Loss in Q3, Guides Q4 2012 Production; Shares Stumble 2%

By Midnight Trader,  October 15, 2012, 11:03:36 AM EDT

CONSOL Energy Inc. ( CNX ) is down 1.9% after saying that it expects to report a net loss for the quarter due to a combination of marketing and operational issues. William J. Lyons, CEO, said: "While precise figures are not yet available, it is clear that the company's previously announced planned and unplanned mine idlings took their toll on third quarter earnings."

The company also reported its Q4 2012 production forecast of 13.4 to 13.8 million tons, including 0.6 million at the Buchanan Mine. Q4 2012 gas production is expected to be 42.5 to 44.5 Bcf. The company's 2012 gas production guidance remains at 157 to 159 Bcf.

CNX is trading at $34.48 in a 52-week range of $26.41 - $46.90. Shares have fallen 17% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CNX



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