CONSOL Energy Inc. First Quarter 2012 Earnings Call J. Brett Harvey, Chairman and CEO Nicholas J. DeIuliis, President William J. Lyons, CFO Robert F. Pusateri, EVP, Sales, Marketing, & Transportation April 26, 2012
Investment Thesis and Scorecard Tier One Coal and E&P Assets Provide Synergies and Risk Reduction Low cost, high-BTU coal that can travel and transform target markets Low cost E&P assets; adding liquid targets to the 2012 program…
Adjusting To Weak Energy Markets Energy Markets Experienced a slowdown in both sides of our business and CONSOL is adjusting Coal Idled mines kept our inventories at manageable levels E&P Shifted capital to higher return…
Coal and Gas: Rich Asset Base With Some Vertical Integration CONSOL Energy Inc Coal Natural Gas . 4.5 billion tons of proven and probable coal 3.5 Tcfe of proved reserves reserves 628,000 gross Marcellus Shale acres in the JV…
Posted Solid Quarterly Results Operated Our Coal and Gas Operations Efficiently We Faced Challenging Energy & Coking Coal Markets As a Result, CONSOL Energy: Earned 97 million, or 0.42 per diluted share Generated 229 million of…
Operating Cash Flow - MM Goal is to Maintain our Strong Liquidity Position Year To Date Year-Over March 31, Year 2012 2011 Change Net Cash Provided by Operations 229 435 (206) Capital Expenditures (306) (255) (51) Proceeds From…
Strong Liquidity Position of 2.7 Billion Cash on Hand of 287 Million About 39 Million Available on Accounts Receivable Securitization Facility Over 2 Billion Available on Credit Facilities Amount/ Amount Letters Amount March…
Revolving Credit Facilities Debt Covenants CONSOL has Two Credit Facilities for each of its Coal and E&P Businesses CONSOL Energy and CNX Gas Currently Maintain Strong Leverage Ratios March 31, Limit 2012 CONSOL Energy…
E&P Division Goals Migrating Capital and Activity to High Value Areas Program Goals to Drive CBM and Marcellus Costs Lower Marcellus: multi-well pads and lengthening laterals CBM: lower contractor rates and field services…
2012 Drilling Focuses on Liquids Exposure 22 (Gross) Utica Shale Wells 39 (Gross) Marcellus Shale Wells PA OH MD WV VA Wet Gas Dry Gas 11
Drilling Results and Forecast Gross Wells Drilled By Formation From 2009 Through 2012E Formation Region 2009 2010 2011 1Q12A 2Q12E 2012E Coalbed Methane Virginia 204 181 214 14.0 13.0 52.0 Total Shales: 17 24 78 27.0 27.0 121.0…
Marketing 2Q12 and 2012 Forecasts Sales Tons by Product 2012 Coal Sales Facts and Goals Contracted tons for 2012: 93% Year 2012 Priced: About 91% priced with more under negotiation 8% 0% 7% Unpriced: About 50% unsold is High-Vol…
Our Assets, Strategy and People Create An Investment Opportunity Coal and gas operations are long-lived, low-cost, and provide solid growth Our well-capitalized assets provide more consistent operational execution Our emphasis on…
Loading...
