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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.02
CNX's Cash-to-Debt is ranked lower than
90% of the 454 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.74 vs. CNX: 0.02 )
Ranked among companies with meaningful Cash-to-Debt only.
CNX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.03 Max: 0.77
Current: 0.02
0.01
0.77
Equity-to-Asset 0.41
CNX's Equity-to-Asset is ranked lower than
62% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.51 vs. CNX: 0.41 )
Ranked among companies with meaningful Equity-to-Asset only.
CNX' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.03  Med: 0.2 Max: 0.46
Current: 0.41
-0.03
0.46
Piotroski F-Score: 3
Altman Z-Score: 0.72
Beneish M-Score: -2.26
WACC vs ROIC
9.77%
-5.13%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % -16.72
CNX's Operating Margin % is ranked higher than
64% of the 435 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -46.41 vs. CNX: -16.72 )
Ranked among companies with meaningful Operating Margin % only.
CNX' s Operating Margin % Range Over the Past 10 Years
Min: -16.72  Med: 14.21 Max: 25.62
Current: -16.72
-16.72
25.62
Net Margin % -41.33
CNX's Net Margin % is ranked higher than
54% of the 435 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -51.58 vs. CNX: -41.33 )
Ranked among companies with meaningful Net Margin % only.
CNX' s Net Margin % Range Over the Past 10 Years
Min: -41.85  Med: 8.69 Max: 20.02
Current: -41.33
-41.85
20.02
ROE % -19.85
CNX's ROE % is ranked lower than
56% of the 427 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.79 vs. CNX: -19.85 )
Ranked among companies with meaningful ROE % only.
CNX' s ROE % Range Over the Past 10 Years
Min: -19.95  Med: 14.7 Max: 33.24
Current: -19.85
-19.95
33.24
ROA % -8.45
CNX's ROA % is ranked higher than
53% of the 503 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.36 vs. CNX: -8.45 )
Ranked among companies with meaningful ROA % only.
CNX' s ROA % Range Over the Past 10 Years
Min: -8.45  Med: 4 Max: 7.13
Current: -8.45
-8.45
7.13
ROC (Joel Greenblatt) % -3.90
CNX's ROC (Joel Greenblatt) % is ranked higher than
68% of the 478 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.79 vs. CNX: -3.90 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CNX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.9  Med: 7.3 Max: 14.2
Current: -3.9
-3.9
14.2
3-Year Revenue Growth Rate -14.90
CNX's 3-Year Revenue Growth Rate is ranked higher than
56% of the 379 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -17.60 vs. CNX: -14.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CNX' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -15.9  Med: 5.8 Max: 17.2
Current: -14.9
-15.9
17.2
3-Year EBITDA Growth Rate -29.70
CNX's 3-Year EBITDA Growth Rate is ranked lower than
62% of the 303 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -18.90 vs. CNX: -29.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
CNX' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -34.9  Med: 2.7 Max: 45.6
Current: -29.7
-34.9
45.6
GuruFocus has detected 2 Warning Signs with Consol Energy Inc $CNX.
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» CNX's 10-Y Financials

Financials (Next Earnings Date: 2017-05-01 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

CNX Guru Trades in Q1 2016

John Griffin 3,370,000 sh (New)
Paul Tudor Jones 18,500 sh (New)
Arnold Schneider 1,095,363 sh (New)
Mason Hawkins 52,146,537 sh (+13.34%)
George Soros 500,000 sh (unchged)
David Einhorn 29,609,565 sh (unchged)
Ray Dalio Sold Out
Mario Gabelli 739,500 sh (-10.94%)
» More
Q2 2016

CNX Guru Trades in Q2 2016

Steven Cohen 468,721 sh (New)
Joel Greenblatt 245,528 sh (New)
Leon Cooperman 150,000 sh (New)
Arnold Schneider 2,181,960 sh (+99.20%)
Paul Tudor Jones 29,699 sh (+60.54%)
George Soros 500,000 sh (unchged)
John Griffin 3,370,000 sh (unchged)
Mason Hawkins 49,543,087 sh (-4.99%)
Mario Gabelli 641,000 sh (-13.32%)
David Einhorn 22,000,000 sh (-25.70%)
» More
Q3 2016

CNX Guru Trades in Q3 2016

Jim Simons 883,900 sh (New)
Steven Cohen 2,796,931 sh (+496.72%)
Paul Tudor Jones 150,232 sh (+405.85%)
Mason Hawkins 49,573,247 sh (+0.06%)
John Griffin 3,370,000 sh (unchged)
Leon Cooperman Sold Out
Mario Gabelli 617,450 sh (-3.67%)
David Einhorn 17,872,616 sh (-18.76%)
Joel Greenblatt 177,365 sh (-27.76%)
Arnold Schneider 1,558,212 sh (-28.59%)
» More
Q4 2016

CNX Guru Trades in Q4 2016

Joel Greenblatt 315,485 sh (+77.87%)
Mario Gabelli 684,250 sh (+10.82%)
John Griffin Sold Out
Jim Simons Sold Out
Mason Hawkins 44,881,112 sh (-9.47%)
Arnold Schneider 1,396,912 sh (-10.35%)
David Einhorn 15,403,173 sh (-13.82%)
Steven Cohen 2,059,700 sh (-26.36%)
Paul Tudor Jones 48,950 sh (-67.42%)
» More
» Details

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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:NYSE:SWN, NAS:CDEV, OTCPK:PEYUF, NYSE:BSM, NYSE:LPI, NAS:PDCE, NYSE:WLL, NYSE:VET, NYSE:JAG, NYSE:OAS, NAS:XOG, NYSE:RICE, NAS:GPOR, NYSE:MUR, OTCPK:SPGYF, NYSE:CHK, OTCPK:TUWOY, OTCPK:AETUF, NYSE:WPX, NYSE:SM » details
Traded in other countries:CGD.Germany,
Consol Energy Inc is an energy company. The Company is engaged in oil & gas exploration & production and coal mining.

Consol Energy is a legacy coal producer transitioning to a natural gas exploration and production firm. The company produces natural gas across a wide swath of Appalachia, although growth is focused exclusively in the Marcellus and Utica shales. In 2015, Consol produced roughly 900 million cubic feet of natural gas per day. Coal production after recent asset sales is expected to be approximately 30 million tons per year.

Guru Investment Theses on Consol Energy Inc

Longleaf Partners Small-Cap Fund Comments on CONSOL Energy - Feb 22, 2017

CONSOL Energy (NYSE:CNX) (+131%; +3.55%), the natural gas and Appalachian coal company also contributed large gains over the year. CEO Nick Deluliis, management, and the board, led by Chairman Will Thorndike, monetized assets and continued to cut costs in the pursuit of separating the coal and gas businesses which is expected to happen in 2017. Following the disposition of its metallurgical coal assets in the first half of the year, CONSOL sold its high cost Miller Creek and Fola thermal coal mines to a private buyer at a price above our appraisal. The company also delivered positive free cash flow (FCF) for the year, which many thought very unlikely at the start of 2016. In the fourth quarter, CONSOL announced the unwinding of a joint venture with Noble Energy in which the company received $205 million in cash from Noble while maintaining ownership of valuable earnings before interest, taxes, depreciation, and amortization (EBITDA) producing properties. Recent transactions involving other companies’ gas assets in Appalachia, as well as CONSOL’s own midstream master limited partnerships’ (MLP) prices, support our appraisal of CONSOL which is much higher than the stock price.



From Longleaf Partners Small-Cap Fund fourth-quarter 2016 commentary.



Check out Mason Hawkins latest stock trades

Longleaf Partners Comments on CONSOL Energy - Jan 24, 2017

CONSOL Energy (NYSE:CNX) (+131%; +3.96%), the natural gas and Appalachian coal company, also contributed large gains over the year. CEO Nick Deluliis, management, and the board, led by Chairman Will Thorndike, monetized assets and continued to cut costs in the pursuit of separating the coal and gas businesses which is expected to happen in 2017. Following the disposition of its metallurgical coal assets in the first half of the year, CONSOL sold its high cost Miller Creek and Fola thermal coal mines to a private buyer at a price above our appraisal. The company also delivered positive free cash flow (FCF) for the year, which many thought very unlikely at the start of 2016. In the fourth quarter, CONSOL announced the unwinding of a joint venture with Noble Energy in which the company received $205 million in cash from Noble while maintaining ownership of valuable EBITDA-producing properties. Recent transactions involving other companies’ gas assets in Appalachia, as well as CONSOL’s own midstream master limited partnerships’ (MLP) prices, support our appraisal of CONSOL, which is much higher than the stock price.



From Longleaf Partners' fourth quarter 2016 commentary.



Check out Mason Hawkins latest stock trades

Southeastern Asset Management Comments on CONSOL Energy - Oct 14, 2016

CONSOL Energy (NYSE:CNX) (+19%; +1.1%), the natural gas and Appalachian coal company, added to the Fund’s return. CEO Nick Deluliis and the board, led by Chairman Will Thorndike, continued to pursue monetization of assets with the goal of ultimately separating the coal and gas businesses. Following the disposition of its metallurgical coal assets in the first half of the year, CONSOL sold its high-cost Miller Creek and Fola mines to a privately owned buyer who valued them higher than we did. The company also lowered costs across all segments and delivered positive free cash flow once again. Higher coal and gas prices drove strong returns at CONSOL’s holdings in coal master limited partnership (MLP) CNXC and midstream pipeline MLP CNNX. Sales of other companies’ exploration and production assets in Appalachia highlighted the value of CONSOL’s assets.



Southeastern Asset Management's Longleaf Partners third quarter 2016 commentary.



Check out Mason Hawkins latest stock trades

Southeastern Asset Management Comments on CONSOL - Jul 14, 2016

Also a top contributor, CONSOL (NYSE:CNX) (+43%; +1.7%), the natural gas and Appalachian coal company, continued its positive momentum from the first quarter which saw the addition of new directors, the elevation of Will Thorndike to Chairman, and the sale of the metallurgical coal assets at a price accretive to our value. In 2Q, CONSOL reduced its coal and gas operating costs greater than expected, delivered free cash flow and guided for positive free cash flow, the remainder of the year. The company also had its borrowing base reaffirmed at $2 billion. Recent transactions confirmed the value of CONSOL’s high quality natural gas reserves and acreage. Our capablemanagement partners continue to focus the company on its core natural gas assets while pursuing the monetization of non-core assets, with the goal of separating its coal company from its exploration and production business.



From Longleaf Partners' second quarter 2016 fund commentary.



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Southeastern Asset Management Comments on CONSOL Energy - Apr 15, 2016

CONSOL Energy (NYSE:CNX) (+43%; +1.1%), the Appalachian natural gas and coal company that was our top detractor in 2015, added meaningfully to first quarter results. Management adjusted to lower commodity prices by adopting significant cost controls and expects positive free cash flow (FCF) in 2016. Early in the quarter, CONSOL announced it was lowering capex by more than 50% from previous guidance. The company also reduced operating expenses, effectively decreasing its Debt/OCF ratio from 3.8 to 3.6. As we continued our constructive dialogue with management regarding asset monetization, CONSOL announced the addition of three new board members, two of whom we suggested. Additionally, Will Thorndike, whom we previously recommended as a board member, replaced Brett Harvey as Chairman. Shortly thereafter, CONSOL sold its Buchanan mine and other met coal assets for $420 million to a private equity-backed firm. The sale was accretive to the value of CONSOL, and management is pursuing additional asset sales.



From Southeastern Asset Management's Q1 letter for Longleaf Partners Small-Cap Fund.



Check out Mason Hawkins latest stock trades

Southeastern Asset Management Comments on CONSOL Energy - Apr 14, 2016

CONSOL Energy (NYSE:CNX) (+43%; +1.3%), the Appalachian coal and natural gas company that was among top detractors in 2015, added meaningfully to first quarter results. Management adjusted to lower commodity prices by adopting significant cost controls and expects positive free cash flow (FCF) in 2016. Early in the quarter, CONSOL announced it was lowering capex by more than 50% from previous guidance. The company also reduced operating expenses, effectively decreasing its Debt/ Operating Cash Flow ratio from 3.8 to 3.6. As we continued our constructive dialogue with management regarding asset monetization, CONSOL announced the addition of three new board members, two of whom we suggested. Additionally, Will Thorndike, whom we previously recommended as a board member, replaced Brett Harvey as Chairman. Shortly thereafter, CONSOL sold its Buchanan mine and other met coal assets for $420 million to a private equity-backed firm. The sale was accretive to the value of CONSOL, and management is pursuing additional asset sales.



From Southeastern Asset Management's Q1 2016 shareholder letter.



Check out Mason Hawkins latest stock trades

Longleaf Partners Comments on CONSOL Energy - Jan 22, 2016

Also previously mentioned, CONSOL Energy (NYSE:CNX), the Appalachian coal and natural gas company, was down 76% in 2015 after falling 19% in the fourth quarter as the company missed operating cash flow (OCF) estimates amidst declining coal and gas prices. Management is adjusting to lower commodity prices and adopted significant cost controls under zero-based budgeting while still growing natural gas production. We filed a 13-D during the third quarter to discuss with third parties as well as management and the board a potential monetization or separation of the valuable Marcellus and Utica gas assets. This has been a constructive process since filing, and we appraise these assets at worth demonstrably more than CONSOL’s total equity capitalization. CONSOL’s exploration and production (E&P) business is unique, with low cost reserves given the company’s fee ownership of many acres. CONSOL announced in the fourth quarter that its thermal coal business, which enjoys a low cost position, had contracted for 93% of production for 2016 at a confirmed price of $50-55 per ton, providing near-term downside coal business risk mitigation. Multiple directors recently purchased shares.



From Longleaf Partners Fund 4th quarter commentary.



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David Einhorn Comments on CONSOL Energy - Nov 19, 2015

CONSOL Energy (NYSE:CNX) is an Appalachia-based coal and natural gas production company. From its most recent high of $33.34 on May 8, the shares traded down gradually to $9.80, where they ended the quarter. There was no single moment where the shares fell sharply; it was essentially an orderly collapse. Yes, coal and natural gas prices both fell modestly during the decline. Yes, the company’s effort to bring its coal assets public in a separate vehicle was greeted coolly by the market. Yes, there is an oversupply of natural gas in the region, which has caused local realizations and quarterly earnings to fall below plan. We could have mitigated a portion of our loss by hedging natural gas, but with the price already near a historical low, we made the incorrect decision not to hedge the commodity risk.

However, CONSOL Energy has had plenty of overlooked good news. The company went through a significant cost-cutting effort and cut its capital-spending budget aggressively. In July it reported fantastic drilling results and a significant success at a test well in the Utica Shale. Ordinarily, the market responds favorably to positive drilling news. In the current environment, it has responded more like a child receiving socks as a birthday present, “Gee, just what I always wanted … more, cheap natural gas.” We believe the market has undue concern about the near-term prospects for Appalachian coal and natural gas, leading it to discount the company’s long-term resource value far beyond anything we anticipated.

CONSOL Energy’s financials do not lend themselves to easy analysis. Right now, CONSOL Energyis transitioning from one of the country’s biggest coal producers into a natural gas company.CONSOL Energy’s financial statements combine both operations, which makes it challenging to properly analyze either of them. Gas analysts looking at CONSOL Energy could see a low-cost, growing natural gas business with enormous resources combined with a worthless legacy coal business. Coal analysts aren’t looking at CONSOL Energy – they’re looking for new jobs. Having dissected the financials, we see two businesses with significant upside.

Even at lower commodity prices, capital discipline, cost cutting and much more efficient drilling economics should enable CONSOL Energy to be cash flow breakeven or better from here on out, which is a significant improvement from our original expectations of about $1 billion of cash burn through 2017. In 2016 we expect CONSOL Energy to generate cash while growing its production and proved developed reserves. There are very few midsize energy companies achieving similar success. And yet, CONSOL Energy trades as if it is at the cusp of financial distress. Of course, we wish we were entering the position now rather than at the higher prices we paid.

From David Einhorn (Trades, Portfolio)'s third quarter 2015 Greenlight Capital commentary.

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Longleaf Partners Comments on CONSOL Energy - Oct 28, 2015

One of the noted energy holdings, CONSOL Energy (NYSE:CNX), the Fund’s largest performance detractor, fell 55% in the quarter after disappointing revenue and earnings on weaker-than-expected thermal coal production and negative natural gas differentials versus the New York Mercantile Exchange. Management is adjusting to lower commodity prices with cost controls and took steps to recognize the value of CONSOL’s coal assets by offering shares in the MLP CNX Coal, which generated $200 million in proceeds. We filed a 13-D during the quarter to discuss with third parties as well as management and the board a potential monetization or separation of the valuable Marcellus and Utica gas assets. We believe these assets alone are worth demonstrably more than CONSOL’s total equity capitalization. They are unique, low cost reserves given the company’s fee ownership of many acres. CONSOL is exploring monetization paths for all of its assets, including thermal coal, metallurgical coal, pipelines, and the Baltimore port terminal.



From Longleaf Partners' third quarter 2015 commentary.



Check out Mason Hawkins latest stock trades

Southeastern Asset Management Comments on CONSOL Energy - Oct 22, 2015

CONSOL Energy (NYSE:CNX) fell 55% in the quarter after disappointing revenue and earnings on weaker-than-expected thermal coal production and negative natural gas differentials versus the New York Mercantile Exchange. Management is adjusting to lower commodity prices with cost controls and took steps to recognize the value of CONSOL’s coal assets by offering shares in the master limited partnership (MLP) CNX Coal, which generated $200 million in proceeds. We filed a 13-D during the quarter to discuss with third parties as well as management and the board a potential monetization or separation of the valuable Marcellus and Utica gas assets. We believe these assets alone are worth demonstrably more than CONSOL’s total equity capitalization. They are unique, low cost reserves given the company’s fee ownership of many acres. CONSOL is exploring monetization paths for all of its assets, including thermal coal, metallurgical coal, pipelines, and the Baltimore port terminal.

From Mason Hawkins (Trades, Portfolio)' Longleaf Partners third quarter 2015 shareholder commentary.

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Mason Hawkins Comments on CONSOL Energy - May 28, 2015

CONSOL Energy (CNX) was down 17% on weak natural gas and coal prices. During the quarter the company reduced its capex budget and grew production strongly. The company is uniquely positioned to navigate these prices with low cost reserves and plans to monetize non-core assets, including the thermal coal master limited partnership (MLP) in mid-2015 and the met coal initial public offering (IPO) in late 2015. CONSOL is one of our most discounted holdings, and CEO Nick Deluliis expressed his agreement with a significant share repurchase announcement.

From Mason Hawkins (Trades, Portfolio)’ Longleaf Partners Fund Q1 2015 Management Discussion.

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Top Ranked Articles about Consol Energy Inc

Longleaf Partners Small-Cap Fund Comments on CONSOL Energy Guru stock highlight
CONSOL Energy (NYSE:CNX) (+131%; +3.55%), the natural gas and Appalachian coal company also contributed large gains over the year. CEO Nick Deluliis, management, and the board, led by Chairman Will Thorndike, monetized assets and continued to cut costs in the pursuit of separating the coal and gas businesses which is expected to happen in 2017. Following the disposition of its metallurgical coal assets in the first half of the year, CONSOL sold its high cost Miller Creek and Fola thermal coal mines to a private buyer at a price above our appraisal. The company also delivered positive free cash flow (FCF) for the year, which many thought very unlikely at the start of 2016. In the fourth quarter, CONSOL announced the unwinding of a joint venture with Noble Energy in which the company received $205 million in cash from Noble while maintaining ownership of valuable earnings before interest, taxes, depreciation, and amortization (EBITDA) producing properties. Recent transactions involving other companies’ gas assets in Appalachia, as well as CONSOL’s own midstream master limited partnerships’ (MLP) prices, support our appraisal of Read more...
Longleaf Partners Comments on CONSOL Energy Guru stock highlight
CONSOL Energy (NYSE:CNX) (+131%; +3.96%), the natural gas and Appalachian coal company, also contributed large gains over the year. CEO Nick Deluliis, management, and the board, led by Chairman Will Thorndike, monetized assets and continued to cut costs in the pursuit of separating the coal and gas businesses which is expected to happen in 2017. Following the disposition of its metallurgical coal assets in the first half of the year, CONSOL sold its high cost Miller Creek and Fola thermal coal mines to a private buyer at a price above our appraisal. The company also delivered positive free cash flow (FCF) for the year, which many thought very unlikely at the start of 2016. In the fourth quarter, CONSOL announced the unwinding of a joint venture with Noble Energy in which the company received $205 million in cash from Noble while maintaining ownership of valuable EBITDA-producing properties. Recent transactions involving other companies’ gas assets in Appalachia, as well as CONSOL’s own midstream master limited partnerships’ (MLP) prices, support our appraisal of CONSOL, which is much higher than the stock price. Read more...
Southeastern Asset Management Comments on CONSOL Energy Guru stock highlight
CONSOL Energy (NYSE:CNX) (+19%; +1.1%), the natural gas and Appalachian coal company, added to the Fund’s return. CEO Nick Deluliis and the board, led by Chairman Will Thorndike, continued to pursue monetization of assets with the goal of ultimately separating the coal and gas businesses. Following the disposition of its metallurgical coal assets in the first half of the year, CONSOL sold its high-cost Miller Creek and Fola mines to a privately owned buyer who valued them higher than we did. The company also lowered costs across all segments and delivered positive free cash flow once again. Higher coal and gas prices drove strong returns at CONSOL’s holdings in coal master limited partnership (MLP) CNXC and midstream pipeline MLP CNNX. Sales of other companies’ exploration and production assets in Appalachia highlighted the value of CONSOL’s assets. Read more...
David Einhorn Adds Consol Energy and AerCap, Boots Michael Kors and Time Warner From Top 5 New second-quarter letter released
David Einhorn (Trades, Portfolio) demoted Michael Kors (NYSE:KORS) and Time Warner (NYSE:TWC) from the top five positions in his portfolio during the second quarter, favoring AerCap Holdings (NYSE:AER) and Consol Energy (NYSE:CNX). Read more...
Southeastern Asset Management Comments on CONSOL Guru stock highlight
Also a top contributor, CONSOL (NYSE:CNX) (+43%; +1.7%), the natural gas and Appalachian coal company, continued its positive momentum from the first quarter which saw the addition of new directors, the elevation of Will Thorndike to Chairman, and the sale of the metallurgical coal assets at a price accretive to our value. In 2Q, CONSOL reduced its coal and gas operating costs greater than expected, delivered free cash flow and guided for positive free cash flow, the remainder of the year. The company also had its borrowing base reaffirmed at $2 billion. Recent transactions confirmed the value of CONSOL’s high quality natural gas reserves and acreage. Our capablemanagement partners continue to focus the company on its core natural gas assets while pursuing the monetization of non-core assets, with the goal of separating its coal company from its exploration and production business. Read more...
David Einhorn Sells 7 Million Shares of Consol Energy Company has reported declines in multiple areas and is in a volatile industry
David Einhorn (Trades, Portfolio) sold 7 million shares of his stake in Consol Energy Inc. (NYSE:CNX) on June 1. Read more...
Einhorn Sells Consol Energy as Price Nearly Doubles Consol started a recovery after crash last year
David Einhorn (Trades, Portfolio) last week made a large reduction to his stake in Consol Energy (NYSE:CNX) after it inched up this year from its 2015 crash that cut into his returns. Read more...
Southeastern Asset Management Comments on CONSOL Energy Guru stock highlight
CONSOL Energy (NYSE:CNX) (+43%; +1.1%), the Appalachian natural gas and coal company that was our top detractor in 2015, added meaningfully to first quarter results. Management adjusted to lower commodity prices by adopting significant cost controls and expects positive free cash flow (FCF) in 2016. Early in the quarter, CONSOL announced it was lowering capex by more than 50% from previous guidance. The company also reduced operating expenses, effectively decreasing its Debt/OCF ratio from 3.8 to 3.6. As we continued our constructive dialogue with management regarding asset monetization, CONSOL announced the addition of three new board members, two of whom we suggested. Additionally, Will Thorndike, whom we previously recommended as a board member, replaced Brett Harvey as Chairman. Shortly thereafter, CONSOL sold its Buchanan mine and other met coal assets for $420 million to a private equity-backed firm. The sale was accretive to the value of CONSOL, and management is pursuing additional asset sales. Read more...
Southeastern Asset Management Comments on CONSOL Energy Guru stock highlight
CONSOL Energy (NYSE:CNX) (+43%; +1.3%), the Appalachian coal and natural gas company that was among top detractors in 2015, added meaningfully to first quarter results. Management adjusted to lower commodity prices by adopting significant cost controls and expects positive free cash flow (FCF) in 2016. Early in the quarter, CONSOL announced it was lowering capex by more than 50% from previous guidance. The company also reduced operating expenses, effectively decreasing its Debt/ Operating Cash Flow ratio from 3.8 to 3.6. As we continued our constructive dialogue with management regarding asset monetization, CONSOL announced the addition of three new board members, two of whom we suggested. Additionally, Will Thorndike, whom we previously recommended as a board member, replaced Brett Harvey as Chairman. Shortly thereafter, CONSOL sold its Buchanan mine and other met coal assets for $420 million to a private equity-backed firm. The sale was accretive to the value of CONSOL, and management is pursuing additional asset sales. Read more...
Mason Hawkins Boosts Stake in Consol Energy Company announces increased production from previous year
Guru Mason Hawkins (Trades, Portfolio) boosted his stake in Consol Energy Inc. (NYSE:CNX) by nearly 15% with the purchase of 6,827,800 shares on Jan. 4. Read more...

Ratios

vs
industry
vs
history
PB Ratio 1.01
CNX's PB Ratio is ranked higher than
61% of the 565 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.18 vs. CNX: 1.01 )
Ranked among companies with meaningful PB Ratio only.
CNX' s PB Ratio Range Over the Past 10 Years
Min: 0.24  Med: 2.36 Max: 16.57
Current: 1.01
0.24
16.57
PS Ratio 1.83
CNX's PS Ratio is ranked higher than
68% of the 563 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.40 vs. CNX: 1.83 )
Ranked among companies with meaningful PS Ratio only.
CNX' s PS Ratio Range Over the Past 10 Years
Min: 0.42  Med: 1.95 Max: 5.29
Current: 1.83
0.42
5.29
Price-to-Free-Cash-Flow 15.58
CNX's Price-to-Free-Cash-Flow is ranked lower than
55% of the 191 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 11.09 vs. CNX: 15.58 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
CNX' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 14.33  Med: 62.28 Max: 1608.08
Current: 15.58
14.33
1608.08
Price-to-Operating-Cash-Flow 8.05
CNX's Price-to-Operating-Cash-Flow is ranked lower than
52% of the 396 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 7.44 vs. CNX: 8.05 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CNX' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.27  Med: 8.69 Max: 29.54
Current: 8.05
2.27
29.54
EV-to-EBITDA 25.43
CNX's EV-to-EBITDA is ranked lower than
78% of the 328 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 12.02 vs. CNX: 25.43 )
Ranked among companies with meaningful EV-to-EBITDA only.
CNX' s EV-to-EBITDA Range Over the Past 10 Years
Min: -876.4  Med: 10.3 Max: 38.6
Current: 25.43
-876.4
38.6
Shiller PE Ratio 13.06
CNX's Shiller PE Ratio is ranked higher than
58% of the 81 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 16.16 vs. CNX: 13.06 )
Ranked among companies with meaningful Shiller PE Ratio only.
CNX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.68  Med: 16.59 Max: 35.58
Current: 13.06
2.68
35.58
Current Ratio 0.67
CNX's Current Ratio is ranked lower than
69% of the 487 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.24 vs. CNX: 0.67 )
Ranked among companies with meaningful Current Ratio only.
CNX' s Current Ratio Range Over the Past 10 Years
Min: 0.48  Med: 0.67 Max: 1.37
Current: 0.67
0.48
1.37
Quick Ratio 0.60
CNX's Quick Ratio is ranked lower than
70% of the 486 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.12 vs. CNX: 0.60 )
Ranked among companies with meaningful Quick Ratio only.
CNX' s Quick Ratio Range Over the Past 10 Years
Min: 0.37  Med: 0.51 Max: 1.18
Current: 0.6
0.37
1.18
Days Inventory 17.14
CNX's Days Inventory is ranked higher than
68% of the 202 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 28.39 vs. CNX: 17.14 )
Ranked among companies with meaningful Days Inventory only.
CNX' s Days Inventory Range Over the Past 10 Years
Min: 17.14  Med: 28.5 Max: 38.39
Current: 17.14
17.14
38.39
Days Sales Outstanding 39.17
CNX's Days Sales Outstanding is ranked higher than
73% of the 386 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 56.03 vs. CNX: 39.17 )
Ranked among companies with meaningful Days Sales Outstanding only.
CNX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.04  Med: 30.64 Max: 46.27
Current: 39.17
18.04
46.27
Days Payable 62.18
CNX's Days Payable is ranked lower than
61% of the 241 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.92 vs. CNX: 62.18 )
Ranked among companies with meaningful Days Payable only.
CNX' s Days Payable Range Over the Past 10 Years
Min: 33.41  Med: 71.33 Max: 135.65
Current: 62.18
33.41
135.65

Buy Back

vs
industry
vs
history
3-Year Dividend Growth Rate -70.10
CNX's 3-Year Dividend Growth Rate is ranked lower than
68% of the 101 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -33.70 vs. CNX: -70.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
CNX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 16
Current: -70.1
0
16

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.99
CNX's Price-to-Tangible-Book is ranked higher than
64% of the 528 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.31 vs. CNX: 0.99 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CNX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38  Med: 4.23 Max: 10.74
Current: 0.99
0.38
10.74
Price-to-Intrinsic-Value-Projected-FCF 15.66
CNX's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
96% of the 149 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.50 vs. CNX: 15.66 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
CNX' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 2.41  Med: 4.84 Max: 18.34
Current: 15.66
2.41
18.34
Price-to-Median-PS-Value 0.95
CNX's Price-to-Median-PS-Value is ranked higher than
58% of the 492 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.11 vs. CNX: 0.95 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CNX' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.2  Med: 0.83 Max: 1.88
Current: 0.95
0.2
1.88
Earnings Yield (Greenblatt) % -5.20
CNX's Earnings Yield (Greenblatt) % is ranked lower than
57% of the 569 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -4.07 vs. CNX: -5.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CNX' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -5.39  Med: 5.8 Max: 16.3
Current: -5.2
-5.39
16.3
Forward Rate of Return (Yacktman) % -22.20
CNX's Forward Rate of Return (Yacktman) % is ranked lower than
58% of the 173 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -16.18 vs. CNX: -22.20 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
CNX' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -65.5  Med: 8.1 Max: 42.7
Current: -22.2
-65.5
42.7

More Statistics

Revenue (TTM) (Mil) $2,052
EPS (TTM) $ -3.71
Beta1.53
Short Percentage of Float14.03%
52-Week Range $10.38 - 22.34
Shares Outstanding (Mil)229.44

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 3,094 3,167
EPS ($) 1.34 -0.20
EPS without NRI ($) 1.34 -0.20
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for CNX

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