CONSOL Energy Inc. (CNX)

CONSOL Energy Inc. engages in the production of multi-fuel energy and provision of energy services primarily to electric power generation industry in the United States. The company involves in the mining, preparation, marketing, and sale of steam coal, primarily to power generators, as well as metallurgical coal to steel and coke producers. It owns interests in various coal mining properties principally located in the Appalachian Basin, including Blacksville #2, Robinson Run, McElroy, Loveridge, Bailey, Enlow Fork, Mine 84, and Shoemaker; Jones Fork Complex, the Fola Complex, and the Terry Eagle Complex; and the metallurgical coal mines, Buchanan and Amonate Complex. CONSOL Energy also produces pipeline-quality coalbed methane gas from its coal properties in the Northern and the Central Appalachian basin, and other western basins, as well as oil and gas from properties in the Appalachian and Illinois Basins. The company sells its methane gas primarily to gas wholesalers. As of December 31, 2008, it had estimated proved and probable reserves of approximately 4.5 billion tons of coal. CONSOL Energy was founded in 1991 and is based in Canonsburg, Pennsylvania.

For the nine months ended 30 September 2006, CONSOL Energy Inc.'s revenues decreased 3% to $2.76M. Net income decreased 43% to $281M. Revenues reflect a decrease in sales of purchased gas, lower revenues form freight and the absence of gain on sale of CNX Gas. Net income also reflects lower operating margins, higher depreciation expenses, increased selling, general & administrative expenses and higher income tax provision.