CONSOL Energy Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported natural gas, NGLs and oil sales of $238,146,000 against $185,291,000 a year ago. Total revenue and other income was $462,021,000 against $761,931,000 a year ago. Loss from continuing operations before income tax were $239,390,000 against profit from continuing operations before income tax of $171,084,000 a year ago. Loss from continuing operations was $321,198,000 or $1.42 per basic and diluted share against profit from continuing operations of $45,342,000 or $0.18 per basic and diluted share a year ago. Net loss attributable to the company's shareholders was $306,047,000 or $1.33 per basic and diluted share against net income attributable to the company's shareholders of $30,405,000 or $0.13 per basic and diluted share a year ago. Net cash provided by operating activities was $82,647,000 against $101,566,000 a year ago. Capital expenditures were $47,431,000 against $127,411,000 a year ago. LBITDA from continuing operations was $36,472,000 compared to EBITDA from continuing operations of $359,722,000 a year ago. Adjusted EBITDA was $209,354,000 compared to $202,083,000 in the year-earlier quarter.

For the year, the company reported natural gas, NGLs and oil sales of $793,248,000 against $726,921,000 a year ago. Total revenue and other income was $2,026,375,000 against $3,114,401,000 a year ago. Loss from continuing operations before income tax were $525,955,000 against $475,705,000 a year ago. Loss from continuing operations was $535,965,000 or $2.38 per basic and diluted share against $350,266,000 or $1.57 per basic and diluted share a year ago. Net loss attributable to the company's shareholders was $848,102,000 or $3.70 per basic and diluted share against $374,885,000 or $1.64 per basic and diluted share a year ago. Net cash provided by operating activities was $469,285,000 against $505,849,000 a year ago. Capital expenditures were $226,820,000 against $982,934,000 a year ago.

The company re-affirms production and earnings guidance for the 2017 and 2018. The company expects E&P Division production guidance for 2017 and 2018 to be approximately 415 and 485 Bcfe, respectively, while E&P and midstream capital expenditures for 2017 and 2018 remains approximately $555 million and $600 million, respectively. EBITDA expected to be $910 million, adjusted EBITDA attributable to the company expected to be $865 million.