CONSOL Energy Inc. Fourth Quarter 2011 Earnings Call J. Brett Harvey, Chairman and CEO Nicholas DeIuliis, President William J. Lyons, CFO Robert Pusateri, EVP of Marketing
Coal and Gas Rich Asset Base: Coal and Gas CONSOL Energy Inc. Coal Natural Gas n Over 4.4 billion tons of proven and probable coal reserves n Over 3.7 Tcfe of proved reserves (as of 12/31/10 to be (as of 12/31/10) updated in next…
Solid Quarterly and Yearly Results n Reported 4Q11 earnings of 0.85 per share and operating cash flow of 275 million n Coal and Gas Division operations ran well and hit our upper end of guidance targets n Active coal operations…
Year-Over Year Improvement in Cash Flow n Over 2.7B in Total Liquidity as of Year-End 2011 n Annual Cash Flow from Operations Improved Nearly 400M Year-Ending Year-Over Year ( Million) 2011 2010 Change Net Cash Provided by…
Strong Liquidity Position of 2.7 Billion n Cash on Hand of 376 Million n Nearly 200 Million Available on Accounts Receivable Securitization Facility n Over 2 Billion of Availability on Credit Facilities Amount/ Amount Letters…
Migrating Capital and Activity to High Value Areas Gas Division Drilling Goals for 2012 n Marcellus Horizon Objectives n Ramp up development of our wet acreage position with our partner Noble Energy n Focusing on 100% NRI…
Drilling Results and Forecast Net Wells Drilled By Formation From 2009 Through 1Q12E Formation Region 2009 2010 2011 1Q12E Coalbed Methane Virginia 204 181 214 22.0 Total Shales 17 24 78 15.0 Marcellus Shale Central PA 0 4 19 4.5…
Marcellus Wells Improving Over 500 Day Period, CNX Wells in SW PA Yielded 21% More Production Than Competitor Well Average Gross Wellhead Gas Production Mcf/d 4,000 3,000 2,000 1,000 0 0 100 200 300 400 500 600…
CONSOL Energy Capital Spending CONSOL Is Reinvesting Significant Capital in Core Businesses Capital Spending Division Spending Category 2011A 2012E Coal Maintenance of Production +Safety 261 360 Growth (Efficiency & New…
Marketing: 1Q12 Forecasts and 2011 Coal Statistics 2011 Coal Sales Facts Sales volumes 63.2 MTs for 4.5B of revenue Achieved record annual average 72.24 price per ton Low-Vol met coal volumes increased to 5.6 MTs at an average…
Marketing: 2012 Coal Sales Forecast Details 2012 Coal Sales Facts and Goals Contracted tons for 2012: 90% - Priced: 88% with 2% under negotiation - Unpriced: 10% of which 58% are High-Vol met sales made quarterly…
Our Assets, Strategy and People Create An Investment Opportunity n Coal and gas operations are long-lived, low-cost, and provide solid growth n Our well-capitalized assets provide more consistent operational execution n Our…
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