Consol Energy reports first-quarter loss

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A tough three months that included a mine fire and low coal prices resulted in a first-quarter net loss for Consol Energy.

The Cecil-based coal and natural gas producer this morning reported a net loss of $2 million, or 1 cent per share, for the quarter ended March 31.

That's down from net income of $97 million, or 42 cents a share, in

the same quarter a year ago.

First-quarter revenue was $1.29 billion, down from 2012's $1.43 billion.

In mid-March, the company's Blacksville No. 2 mine in Greene County

was shut down after an underground fire broke out. No one was hurt, but the company has not yet decided when longwall operations can resume.

The shutdown has had a pre-tax expense of $15.2 million.

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Erich Schwartzel: eschwartzel@post-gazette.com or 412-263-1455.


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