Konsola reports a loss for the fourth quarter

CANONSBURG, Pa. (AP) _ Consol Energy Inc. (CNX) on Tuesday reported a fourth-quarter loss of $306 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Canonsburg, Pennsylvania-based company said it had a loss of $1.33. Earnings, adjusted for one-time gains and costs, were less than 1 cent per share.

The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The natural gas utility saw revenue of $462 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $619.1 million.

For the full year, the company reported that its loss widened to $848.1 million, or $3.70 per share. Revenues were $2.03 billion.

Since the beginning of the year, Consol shares have increased slightly, while the Standard & Poor’s 500 index has increased by almost 2%. Over the last 12 months, the value of the company’s shares has more than doubled.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks stock report on CNX at https://www.zacks.com/ap/CNX

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Keywords: Consol Energy, earnings report