Consol Energy beats 4Q profit expectations, misses revenue forecasts

MarketsAssociated Press

Consol Energy Inc. (CNX) on Friday reported fourth-quarter net income of $73.7 million.

On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of 32 cents. Earnings, adjusted for non-recurring gains, came to 25 cents per share.

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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The natural gas company posted revenue of $935.7 million in the period, which missed Street forecasts. Analysts expected $948 million, according to Zacks.

For the year, the company reported profit of $163.1 million, or 70 cents per share. Revenue was reported as $3.73 billion.

Consol shares have declined 13 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped roughly 2 percent. The stock has dropped 22 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNX at http://www.zacks.com/ap/CNX

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Keywords: Consol Energy, Earnings Report