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Consol Energy Q3 Net Income Decreases
Monday, October 26, 2009 10:52 AM


(Source: Datamonitor)trackingUS-based energy services provider Consol Energy has reported a net income of $87.4 million, or $0.48 per diluted share, for the third quarter ended September 30, 2009, compared to $90.1 million, or $0.49 per diluted share, for the same period of 2008.

The company has reported total revenue and other income of $1.09 billion for the third quarter ended September 30, 2009, compared to $1.17 billion for the same quarter of 2008.

Consol Energy has reported a net income of $396.5 million, or $2.17 per diluted share, for the first nine months of 2009, compared to $266.15 million, or $1.44 per diluted share, for the corresponding period of 2008.

Year-to-date total revenue and other income was $3.38 billion, compared to $3.41 billion for the first nine months of 2008.

Brett Harvey, president and CEO of Consol Energy, said: "We executed the third quarter according to plan. In fact, stronger than expected metallurgical coal markets enabled us to produce more met coal than we expected.

"Our thermal coal sales, though, have still not shown a meaningful rebound. Our strategy is to match production with customer shipments so as not to build inventory. We continue to invest in our mines and our gas fields to create shareholder value."

A service of YellowBrix, Inc.



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