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What Can You Expect from Consol Energy’s 2Q16 Earnings?

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Consol Energy’s 2Q16 revenues estimates

Consol Energy (CNX) is set to report its 2Q16 earnings on July 26, 2016, before the Market opens. For 2Q16, Wall Street analysts expect Consol Energy to report revenues of ~$567 million, which is ~12% lower than its 2Q15 revenues of ~$645 million.

When compared sequentially with 1Q16, Consol Energy’s 2Q16 revenues expectations are almost the same. The year-over-year lower revenue expectations for 2Q16 are the direct result of lower natural gas (UGAZ) (DGAZ) (UNG) prices.

Due to the steep downward trend in energy prices, upstream companies Carrizo Oil & Gas (CRZO), EP Energy (EPE), and QEP Resources (QEP) are expecting respective ~29%, ~34%, and ~43% year-over-year declines in their 1Q16 revenues. The Vanguard Energy ETF (VDE) invests in the broader energy market.

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Consol Energy’s 2Q16 EPS estimates

For 2Q16, Wall Street analysts expect Consol Energy to report an adjusted loss of $0.20 per share, which is higher by $0.17 per share when compared with its 2Q15 loss of $0.37 per share.

However, when compared sequentially with 1Q16, Consol Energy’s 2Q16 earnings expectations are lower by $0.13 per share.

Consol Energy’s 2Q16 EBITDA estimates

For 2Q16, Wall Street analysts expect Consol Energy to report EBITDA[1. earnings before interest, tax, depreciation and amortization] of ~$139 million, which is higher by ~9% when compared with its 2Q15 adjusted EBITDA of ~$127 million.

However, when compared sequentially with 1Q16, Consol Energy’s 2Q16 EBITDA expectations are lower by ~25%.

Series overview

In this series, we will also look at Consol Energy’s (CNX) earnings trend, production guidance, what Wall Street Analyst are saying about Consol Energy ahead of its earnings, and how CNX’s stock price reacted to past earnings.

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