CANONSBURG, Pennsylvania — Consol Energy Inc. (CNX) on Tuesday reported first-quarter earnings of $79 million.
The Canonsburg, Pennsylvania-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, came to 37 cents per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The natural gas company posted revenue of $889.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $896.9 million.
Consol shares have decreased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. The stock has dropped 30 percent in the last 12 months.
Keywords: Consol Energy, Earnings Report