CONSOL Combats Declining Coal Prices by Taking Cost-Control Measures

SUGAR LAND--February 11, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--In the fourth quarter of 2012, CONSOL Energy Incorporated (NYSE:CNX) (Pittsburgh, Pennsylvania) worked to rebound from a weak third quarter. William Lyons, chief financial officer, principle accounting officer and executive vice president, said the company experienced higher gains because of improvements in the coal segment. However, the changes in the U.S. coal industry have negatively impacted the company's financial performance to some degree. Industrial Info is tracking 16 projects that are worth a total of $965 million for which CONSOL Energy is the plant owner.