CONSOL Energy Inc. reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net income attributable to company shareholders of $149.9 million, or $0.65 per diluted share, compared to $195.6 million, or $0.85 per diluted share from the year-earlier quarter. Total revenue and other income was $1,388.96 million compared to $1,542.2 million, earnings before income taxes was $198.46 million compared to $237.7 million, net cash provided by operating activities was $197.97 million compared to $275.2 million and capital expenditures was $423.21 million compared to $384.91 million for the last year. Adjusted EBITDA was $419.0 million, down from $439.7 million in the year-earlier quarter.

For the year, the company reported net income attributable to company shareholders of $388.5 million, or $1.70 per diluted share, compared to $632.5 million, or $2.76 per diluted share for 2011. Total revenue and other income was $5,430.3 million compared to $6,117.2 million, earnings before income taxes was $497.3 million compared to $787.95 million, net cash provided by operating activities was $728.1 million compared to $1,527.6 million and capital expenditures was $1,575.2 million compared to $1,382.4 million for the last year.

The company expects its net gas production to be between 170-180 Bcfe (net to CONSOL) for 2013.

For the first quarter of 2013 gas production, net to CONSOL, is expected to be approximately 39 - 41 Bcfe, as fracking schedules and other seasonal factors are expected to limit wells turned online. Total hedged gas production in the 2013 first quarter is 17.0 Bcf, at an average price of $4.66 per Mcf.

The company expects that coal capital expenditure forecast for 2013 will decrease to a range of $410 million to $520 million versus the $920 million for 2012.