Consol Energy announced today that its subsidiary, CNX Coal Resources filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission for the initial public offering of common units representing limited partner interests. CNX Coal Resources' initial assets are expected to consist of a 20% undivided interest in, and [...]
PITTSBURGH, March 30, 2015 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) ("CONSOL") today announced the closing of its private placement of $500 million of its 8.000% senior notes due 2023 (the "Notes"). The Notes are guaranteed by substantially all of CONSOL's wholly owned domestic restricted subsidiaries. CONSOL intends to use the net proceeds [...]
PITTSBURGH, March 25, 2015 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) ("CONSOL") today announced the pricing of $500 million of its 8.000% senior notes due 2023 (the "Notes") at a price to the public of 98.552% of their face value. The offering is expected to close on March 30, 2015, subject to the satisfaction of customary closing conditions [...]
PITTSBURGH, March 24, 2015 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) ("CONSOL") today announced that it intends, subject to market and other conditions, to offer and sell to eligible purchasers $650 million of senior notes due 2023 (the "Notes"). The Notes will be guaranteed by substantially all of CONSOL's wholly-owned domestic restricted [...]
PITTSBURGH, March 23, 2015 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) ("CONSOL") announced today that, as of 5:00 p.m., New York City time, on March 20, 2015 (the "Consent Expiration"), as reported by the tender agent, it had received tenders and consents from holders of approximately $937.8 million, or 92.4 percent, of the principal amount of [...]
Consol Energy announced today a revised 2015 E&P capital expenditure (CAPEX) forecast of $920 million, excluding business development, permitting, and land acquisitions, which is a decrease from the initial $1.0 billion E&P capital plan that was announced in January 2015. The revised budget reflects a continued focus to high-grade the development [...]
Consol Energy announced today that it has commenced cash tender offers to purchase (i) any and all of its $1,014,800,000 in outstanding aggregate principal amount of 8.25% senior notes due 2020 and (ii) any and all of its $250,000,000 in outstanding aggregate principal amount of 6.375% senior notes due 2021 (the "2021 Notes" and, together with the [...]
During 2014, Consol Energ added 1.1 Tcfe (net to CONSOL) of proved reserves through extensions and discoveries. As of December 31, 2014, total proved reserves were a record 6.8 Tcfe, which represents a 19% increase from the 5.7 Tcfe at year-end 2013. Within the total proved reserves are 510 Bcfe, or 7.5%, of oil, condensate, and liquids. Marcellus [...]
Consol Energy's Board of Directors declared a regular quarterly dividend of $0.0625 per share, payable on March 5, 2015, to shareholders of record on February 17, 2015. CONSOL Energy is a Pittsburgh-based producer of natural gas and coal. The company is one of the largest independent natural gas exploration, development and production companies [...]
PITTSBURGH, Jan. 30, 2015 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) reported net income of $74 million for the quarter, or $0.32 per diluted share. This is compared to net income of $738 million, or $3.20 per diluted share from the year-earlier quarter, which included income from discontinued operations of $591 million. On a non-GAAP basis [...]
Consol Energy will issue its fourth quarter earnings release at 6:45 a.m. Eastern Time on Friday, January 30. This will be followed by a conference call at 10:00 a.m. Eastern Time. The webcast and presentation materials will be accessible on the 'Investor Relations' page of the company's website, www.consolenergy.com. In December 2014, CONSOL [...]
Consol Energy announced today that its Board of Directors has authorized management to pursue the formation of a master limited partnership (MLP) for the company's thermal coal business. The purpose of the MLP would be to own interests in certain of CONSOL Energy's thermal coal properties and related mining operations located in Pennsylvania [...]