Source: Thinkstock
For the fourth quarter, the company produced a total of 14.3 million tons of coal, compared with 15.2 million tons in the fourth quarter of 2011. For the full year, Consol produced 56 million tons of coal, compared with 62 million tons in the previous year.
Forecast production for the first quarter of 2013 is in a range of 13.7 million to 14.1 million tons, and full-year coal production is forecast at 55.5 million to 57.5 million tons.
Consol’s fourth-quarter natural gas production totaled 41.8 billion cubic feet equivalent (bcfe), or up 5% from the fourth quarter of 2011. For the full year, gas production totaled 156.3 bcfe, and the company did not specify 2011 production. Gas production in the first quarter of 2013 is forecast at 39 billion to 41 billion cubic feet, but the full-year total is forecast to rise to 170 to 180 bcfe.
Consol’s shares were up about 2% a few minutes after this morning’s opening bell, at $31.22 in a 52-week range of $26.41 to $38.42.
Peabody Energy Inc. (NYSE: BTU), Arch Coal Inc. (NYSE: ACI) and Alpha Natural Resources Inc. (NYSE: ANR) are along for the ride, up between 1% and 2.5% as well in early trading.
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
