Earnings Call Excerpt
CONSOL Energy Inc. (CNX)
Q1 2009 Earnings Call
April 23, 2009 10:00 am ET
Executives
Brett Harvey - President and CEO of CONSOL Energy, Chairman and CEO of CNX Gas
Bill Lyons - Executive Vice President and Chief Financial Officer
Dan Zajdel - Vice President of Investor Relations
Analysts
Luther Lu - FBR Capital Markets
Scott Hanold - RBC Capital Markets
Mark Caruso - Millennium
David Heikkinen - Tudor, Pickering, Holt
Shneur Gershuni - UBS
Michael Dudas - Jefferies
Brian Gamble - Simmons and Company
John Bridges - JPMorgan
David Gagliano - Credit Suisse
Presentation
Operator
Ladies and gentlemen, thank you for standing by and welcome to the CONSOL Energy and CNX Gas first quarter 2009 results conference call. As a reminder, today's call is being recorded. I would like to turn the conference call over to the Vice President of Investor Relations Dan Zajdel. Please go ahead.
Dan Zajdel
Good morning everyone and welcome to our joint earnings call with CONSOL Energy and CNX Gas. With me this morning is Brett Harvey, Chief Executive officer of CONSOL Energy, and Chairman and CEO of CNX Gas. Also with us today are Bill Lyons, Executive Vice President and Chief Financial Officer for both companies. This morning, we will be discussing first quarter results for both companies.
This morning, we will be discussing first quarter results for both companies. In addition, we will be discussing our views on the outlook for the remainder of 2009. Any forward-looking statements we may express or our expectations for business results, actual results as you know are subject to business risk, and we have enumerated those risks in both earnings releases issued this morning, and in our SEC 10-K filings.
In addition, the U.S. Securities and Exchange Commission permits oil and gas companies in their filings with the SEC to disclose only proved preserves that a company has demonstrated by actual production or conclusive formation test to be economically and legally producible under existing economic and operating conditions.
We may use certain terms in this conference call such as unproven resources or reserves which SEC guidelines strictly prohibit us from filing with our filings with the SEC. We also caution you that the SEC views such unproved resource or reserve estimates as inherently unreliable and that these estimates may be misleading to investors, unless the investor is an expert in the gas industry.
With that, let me begin our remarks and then take questions. We will start with Bill Lyons. Bill?
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