Consol Energy reports first quarter loss
Wednesday, April 27, 2016
Consol Energy lost $97.6 million during the first quarter of 2016 as low natural gas and coal prices persisted. During the first quarter of 2015, the company had a profit of $79 million.
Pittsburgh Post-Gazette PowerSource reports that Consol intends to separate natural gas and coal into two separate companies. To do so, Consol will shift more coal assets to CNX Coal, its master limited partnership.
Read more: Pittsburgh Post-Gazette PowerSource > Consol swings to loss in first quarter
Recent Consol news:
- Head of Consol Energy expects 2 ethane crackers to be built in Utica and Marcellus region April 20, 2016
- Ceramic proppants used to frack Utica shale Feb. 25, 2016
- Several eastern Ohio counties see more well sites popping up Feb. 10, 2016
- Consol’s fourth quarter profits less than in 2014 Jan. 31, 2016
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.