CONSOL Energy Inc. Third 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 October 25, 2012
Third Quarter 2012 Scorecard Summary Third quarter is traditionally our weakest quarter of the year Miners vacations Increased maintenance expenses over the vacation periods The third quarter had additional challenges Two…
Strong Liquidity Position of 2.6 Billion Cash on hand of 231 million Accounts receivable securitization and revolving credit facilities of nearly 2.4 billion Amount/ Amount Letters Amount September 30, 2012 (MM) Capacity Drawn…
Operating Cash Flow - MM Goal is to maintain our strong liquidity position QTR Ended QTR-Over September 30, QTR 2012 2011 Change Net Cash Provided by Operations 162 457 (295) Capital Expenditures (438) (412) (26) Proceeds From…
Revolving Credit Facilities Debt Covenants CONSOL Energy and CNX Gas currently maintain strong leverage ratios Both facilities are well within debt covenants September 30, Limit 2012 CONSOL Energy Revolver: Maximum Leverage…
Brett Harvey: Key Points Market Analysis In weak and strong markets, CONSOL can outperform In the previous 6 quarters, CONSOL Energy earned 882 million in net income Low-vol coal demand has gone through a de-stocking Customers are…
Brett Harvey: Key Points Investments are Creating Shareholder Value CONSOL continues to provide balance and invest in its future: Announced record Marcellus Shale well results from our three dry gas producing areas Better than…
Bringing 4.31 Billion in Value Forward Since 2010 CONSOL continues 2011 Marcellus Shale JV with Noble Energy: 3.3 billion in aggregate payments of cash and carry 2011 Antero Resources ORRI sale: 193 million in cash 2011 Utica…
Drilling Results and Forecast Gross Wells Drilled By Formation From 2009 Through 2012E Formation Region 2010 2011 1Q12A 1Q12A 3Q12A 2012E Coalbed Methane Virginia 181 214 14 14 8 46 Total Shales: (Gross) 24 78 27 27 21 98-100…
Marketing 4Q12 and 2012 Forecasts Sales Tons by Product 2012 Coal Sales Facts and Goals Year 2012 Contracted tons for 2012: More than 99% Priced: More than 99% 6% 6% 0% Unpriced: Less than 1% primarily thermal coal Approximately…
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 have provided more consistent operational execution Our emphasis…
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