CONSOL Energy Sees Large Income Boost from Higher Coal Prices

SUGAR LAND--April 27, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Coal and natural gas producer CONSOL Energy Incorporated (NYSE:CNX) (Canonsburg, Pennsylvania) had an outstanding first financial quarter. The company recently released 1Q09 earnings, which showed quarterly net income of $195.8 million, 160% higher than 1Q08's net income of $75.1 million. Although both sales and production of coal were down, higher year-over-year coal prices were the primary driver for this increased income. Additionally, increased production of natural gas also helped raise CONSOL's profits. Industrial Info is currently monitoring approximately $598 million of CONSOL's coal-related projects.

Other companies featured: CNX Gas Corporation (NYSE:CXG)