Quarterly / Earnings Reports
CONSOL's Marcellus Ops Help Improve Q2 Results
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CONSOL Energy Inc. reported a net loss for the quarter ended June 30, 2013 of $13 million, or a loss of $0.05 per diluted share, compared to net income of $153 million, or $0.67 per diluted share from the year-earlier quarter.
The prior year's second quarter included gains due to several asset sales.
The company lost an adjusted $0.03 per diluted share1 in the just-ended quarter, which is a non-GAAP measure, after adjusting for items not generally included in security analysts' estimates. The two major discrete items in this quarter were largely offsetting: a pre-tax loss of $23.3 million for additional expenses associated with the Blacksville Mine fire, and a $24.7 million pre-tax gain on the sale of assets. A complete list of these items appears in the EBITDA reconciliation table…
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