CONSOL Energy Expects Q2 Loss From Operations - Quick Facts

(RTTNews) - CONSOL Energy Inc. (CNX) announced the company expects to report a second quarter loss from operations, primarily due to lower commodity prices. Separate from the operating loss, the company expects to record a significant impairment charge due to the reduction in the carrying value of the company's conventional shallow oil and natural gas assets, largely resulting from a continuation of depressed NYMEX forward prices.

Operationally, CONSOL expects to achieve previous quarter total production guidance for both the E&P and Coal Divisions.

CONSOL Energy said the company plans to generate free cash flow over the next 18-months, beginning in the second half of 2015, while maintaining annual gas production guidance at 30% growth for 2015 and 20% for 2016.