Fourth Quarter 2012 Earnings Call January 31, 2013 J. Brett Harvey, Chairman and CEO Nicholas J. DeIuliis, President William J. Lyons, CFO Robert F. Pusateri, EVP, Sales, Marketing, & Transportation David Khani, Vice President of…
Fourth Quarter 2012: Posted Strong Results Summary Posted solid fourth quarter financial and operational results - Rebounded from seasonally weak third quarter - Key driver was much improved costs per ton Challenging environment…
Active Coal Division Summary QTR Ended December 31, Q-to-Q 2012 2011 Change EBIT 266 285 (19) Average Costs per ton 48.21 52.64 (4.43) Coal Production (millions of tons) 14.3 15.2 (0.9) Sales Volumes (millions of tons) 14.6…
Marcellus Drilling and Completions Summary Drilling Summary by Year 2011 2012 Wells TD'd 78 64 Lateral Ft 300,466' 328,428' Total MD 922,264' 794,098' Average Lateral 3,853' 5,514' Average TMD 11,824' 13,280' Average Drill…
Drilling Results and Forecast Gross Wells Drilled By Formation From 2010 Through 2013E Formation Region 2010 2011 2012 2013E Coalbed Methane Virginia 181 214 44 63 Total Shales: (Gross) 24 78 99 148-153 Marcellus Shales Central PA 4…
CONSOL Energy Overview Net (Decrease) / Increase in Cash - MM Goal is to maintain our strong liquidity position Year Ending Y-to-Y 2012 2011 Change Net Cash Provided by Operations 728 1,528 (800) Capital Expenditures (1,575)…
2013 Capital Budget Expect annual coal investments to approach maintenance-of-production levels following BMX completion Assumes no carry from Noble for drilling in Marcellus, which is dependent on natural gas prices being at or…
Strong Liquidity Position of 2.4 Billion Cash on hand of 22 million Accounts receivable securitization and revolving credit facilities of over 2.3 billion Amount/ Amount Letters Amount December 31, 2012 (MM) Capacity Drawn of…
Revolving Credit Facilities Debt Covenants CONSOL Energy and CNX Gas currently maintain strong leverage ratios Both facilities are well within debt covenants December 31, Limit 2012 CONSOL Energy Revolver: Maximum Leverage…
Brett Harvey: Key Points The New Team Bill Lyons and Bob Pusateri have spent their entire careers at CONSOL Through Bill and Bobs dedication and leadership, they have successfully navigated the company through tumultuous times - Bill…
Brett Harvey: Key Points Assets Sales In 2011, CONSOL sold the following assets: - Marcellus assets to Noble Energy - Utica assets to Hess Corporation - Royalty interest to Antero In 2012, we sold non-core, non-revenue producing…
Brett Harvey: Key Points Summary In the past two years, CONSOL Energy has earned over 1 billion in GAAP net income and 2.3 billion in operating cash flow CONSOL has executed at a level, in both good and challenging times, that few,…
Marketing 2012 Recap Sales Tons by Product 2012 Coal Sales Facts Year 2012 Total sales volume was 56.5 MM tons for 3.79 billion of revenue 6% Average annual price 67.11 per ton 7% Low-Vol met coal volumes were at 3.7 MM tons with…
Marketing 1Q13 and 2013 Forecasts Sales Tons by Product 2013 Coal Sales Facts and Goals Year 2013 Contracted tons for 2013: More than 96% - Priced: More than 91% 3% 7% 1% - Unpriced: Less than 9% (primarily met coal) Approximately…
Ohio Utica Shale Acreage Gas Acreage Update of the Hess JV in the Ohio Utica Shale Core acres: 70,000 gross acres; 35,000 net acres to CONSOL Core acres include the following counties: - Guernsey - Jefferson - Harrison - Belmont…
CONSOL Energy Overview Bringing 4.29 Billion in Value Forward Since 2010 2011 Marcellus Shale JV with Noble Energy: 3.3 billion in expected aggregate payments of cash and carry 2011 Antero Resources ORRI sale: 193 million in cash…
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 and highly trained personnel provide more consistent…
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