Consol swings to Q1 loss owing to lower prices, revenues

April 26, 2016

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US fossil fuels producer Consol Energy has swung to a first-quarter loss as lower realised prices for its natural gas and coal products drove down revenues.
For the first quarter ended March 31, NYSE-listed Consol reported a net lost $97.6-million, or $0.43 a share, compared with a profit of $79-million, or $0.34 a share, in the same period a year earlier.

Category: General