On Nov 12, we issued an updated research report on CONSOL Energy Inc. (CNX – Analyst Report). CONSOL’s emphasis on natural gas assets is yielding results with increasing revenue contribution coming from its E&P division. However, dependence on a limited group of customers for bulk sales and inherent risks associated with underground mining are headwinds.
CONSOL Energy reported a loss of 28 cents per share for the third quarter of 2015, much wider than the Zacks Consensus Estimate of a loss of 2 cents. The company had reported earnings of 9 cents per share in the third quarter of 2014. CONSOL Energy’s quarterly revenues decreased 8% year over year to $813.9 million. However, revenues surpassed the Zacks Consensus Estimate of $719 million by 13.2%
