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BRIEF-Consol Energy announces company update; board authorizes share repurchase program
September 5, 2017 / 11:52 AM / 16 days ago

BRIEF-Consol Energy announces company update; board authorizes share repurchase program

Sept 5 (Reuters) - Consol Energy Inc

* Consol Energy announces company update and participation at Barclays CEO Energy-Power Conference; board authorizes share repurchase program

* Consol Energy Inc - ‍now expects full year 2017 adjusted EBITDA guidance to be approximately $815 million​

* Consol Energy Inc - ‍Consol Energy’s board of directors has approved a one-year share repurchase program of up to $200 million​

* Consol Energy - is decreasing its 2017 E&P division production guidance to approximately 405-415 Bcfe, compared to previously stated guidance of 420-440 Bcfe

* Consol Energy Inc - company expects total consolidated coal capital expenditures to decrease to $112-$120 million

* Consol Energy-intends to execute spin-off transaction related to ‍coal and E&P businesses at earliest possible time, which is expected to be in Q4 of 2017​

* Consol Energy-co entered into contract to sell a large block of surface acreage for approximately $25 million, which company expects to close early in Q4 Source text for Eikon: Further company coverage:

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