SOURCE: Industrial Info Resources

April 27, 2009 06:00 ET

CONSOL Energy Sees Large Income Boost From Higher Coal Prices, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 27, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Coal and natural gas producer CONSOL Energy Incorporated (NYSE:CNX) (Canonsburg, Pennsylvania) had an outstanding first financial quarter. The company recently released 1Q09 earnings, which showed quarterly net income of $195.8 million, 160% higher than 1Q08's net income of $75.1 million. Although both sales and production of coal were down, higher year-over-year coal prices were the primary driver for this increased income. Additionally, increased production of natural gas also helped raise CONSOL's profits. Industrial Info is currently monitoring approximately $598 million of CONSOL's coal-related projects.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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