CONSOL Energy Q4 net income decreases

CONSOL Energy Inc., a multi-fuel energy producer and energy services provider, has reported that net income attributable to the company shareholders for the fourth quarter ended December 31, 2012 was $149.9 million, or $0.65 per diluted share, compared to $195.63 million, or $0.85 per diluted share, for the fourth quarter ended December 31, 2011.

Total revenue and other income for the fourth quarter ended December 31, 2012 was $1.39 billion, compared to $1.54 billion for the same quarter ended December 31, 2011.

Net income attributable to the company shareholders for the year ended December 31, 2012 was $388.47 million, or $1.70 per diluted share, compared to $632.5 million, or $2.76 per diluted share, for the same period ended December 31, 2011.

Total revenue and other income for the year ended December 31, 2012 was $5.43 billion, compared to $6.12 billion for the same period ended December 31, 2011.

Brett Harvey, chairman and CEO, said: "CONSOL Energy continued to re-balance its world class portfolio of assets in 2012 while successfully managing our coal and gas businesses through a very challenging environment. In our Coal Division for 2012, we worked with our domestic thermal coal customers and the railroads throughout the year to keep contracted shipments flowing despite weak markets.

"We carefully managed both thermal and metallurgical coal production to avoid building inventory. Our 100%-owned Baltimore Terminal saw near-record shipments, as CONSOL was able to continue to participate in the growth of world coal markets. CONSOL executed well in a tough macro environment characterized by a tepid economy and unusually warm winter weather."