Can Consol Energy Beat Its 2Q16 Earnings Expectations?



Consol Energy’s earnings trend

In 1Q16, excluding the one-time items, Consol Energy (CNX) reported a loss of $0.07 per share, $0.02 better than the consensus for a loss of $0.09 per share. Its revenues fell by ~36% year-over-year to ~$566 million.

As seen in the above chart, Consol Energy reported much lower earnings per share (or EPS) since 2Q15 due to lower realized natural gas (UNG) prices. In 2Q15, CNX saw its adjusted earnings turn negative for the first time since 3Q13.

Since 2Q13, CNX has beaten its earnings expectations ~42% of the time.

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Other upstream players

Since 2013, upstream players EOG Resources (EOG), Gulfport Energy (GPOR), and Murphy Oil (MUR) have beaten their earnings expectations ~92%, ~77%, and ~69% of the times, respectively.


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