Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Consol Energy guides 2017 EBITDA, production lower

Published 09/05/2017, 10:56 AM
© Reuters.  Consol Energy guides 2017 EBITDA, production lower
CNX
-
  • Consol Energy (CNX -0.9%) guides its FY 2017 adjusted EBITDA lower by ~$55M to $815M, and now expects 2017 leverage of ~2.8x net debt to EBITDA, an increase from previously stated guidance of 2.6x.
  • CNX decreases its 2017 E&P division production guidance to 405B-415B cfe vs. previous guidance of 420B-440B cfe, and sees Q3 production of ~100B cfe, which implies higher growth in Q4.
  • CNX maintains previously announced 2017 total E&P capex guidance of $620M-$645M as well as 2018 E&P division production guidance of 520B-550B cfe, or ~30% growth vs. 2017 based on the midpoint of the guidance ranges.
  • Also, CNX's board approves a one-year share repurchase program of up to $200M.
  • Now read: 11% Yielder That May Be In Trouble


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.