Overall, Consol reported a net loss of $98 million (43 cents per share) on revenue of $558.5 million compared with net profit of $79 million on revenue of $792.7 million in the same period a year ago.

The 2016 figures include the sale of the Buchanan Mine as well as other metallurgical coal reserves for $460 million cash, which closed on the last day of the first quarter and was subsequently used to pay down debt.