Consol 4Q earnings beat Street estimates

Nick DeIuliis

At the end of November, CNX Resources completed the spinoff of Consol Energy Inc., formerly named Consol Mining Corp., creating two publicly-traded companies – a natural gas exploration and production company and a coal company, both of which will remain headquartered in Southpointe.

“Today’s historic announcement is the culmination of a strategy over a decade in the making,” said CNX Resources CEO Nicholas J. DeIuliis. “Our objective was to once again transform a 150-year-old institution, which owns and operates the best natural gas and coal assets in the world.

“The E&P company is now one of the premiere pure-play natural gas E&P companies with a significant Marcellus and Utica Shale legacy acreage position, low-cost structure, and stacked pay opportunities, while the coal company holds some of the best coal assets in the world and is positioned to dominate the coal space for years to come.”

Former Business Editor

Michael Bradwell has been business editor for the Observer-Reporter since 1995. He joined the newspaper in 1990 as a general assignment reporter in the Greene County bureau and has also worked as a copy editor.

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