CONSOL Energy Turns To Profit In Q1

(RTTNews) - CONSOL Energy Inc. (CNX) reported first-quarter net income of $116 million, or $0.50 per share versus a net loss of $2 million, or $0.01per share in the year-ago quarter. The results reflected higher sales and lower costs. On average, 24 analysts polled by Thomson Reuters expected earnings per share of $0.19 for the quarter. Analysts' estimates typically exclude one-time items. Total revenues for the quarter rose to $969 million from $842 million in the same period last year.Analysts estimated revenues of $889.94 million for the quarter. Looking ahead, the company expects second-quarter gas production to be about 50 - 52 Bcfe, while its full-year production expectations remain at 215 - 235 Bcfe.Further, the company expects its annual gas production to grow by 30 percent in 2015 and 2016.