Workflow
CONSOL Energy (CEIX)
icon
Search documents
CONSOL Energy (CEIX) - 2024 Q3 - Quarterly Results
2024-11-05 11:57
Exhibit 99.1 CONSOL Energy Announces Results for the Third Quarter 2024 CANONSBURG, PA (November 5, 2024) - Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the period ended September 30, 2024. Third Quarter 2024 Highlights Include: 1 • GAAP net income of $95.6 million and GAAP dilutive earnings per share of $3.22; • Quarterly adjusted EBITDA of $179.2 million; • Net cash provided by operating activities of $161.3 million; • Quarterly free cash flow of $121.8 million; • To ...
CONSOL Energy Announces Results for the Third Quarter 2024
Prnewswire· 2024-11-05 11:45
CANONSBURG, Pa., Nov. 5, 2024 /PRNewswire/ -- Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the period ended September 30, 2024.Third Quarter 2024 Highlights Include: GAAP net income of $95.6 million and GAAP dilutive earnings per share of $3.22; Quarterly adjusted EBITDA1 of $179.2 million; Net cash provided by operating activities of $161.3 million; Quarterly free cash flow1 of $121.8 million; Total revenue and other income of $574.9 million; Announced dividend of $0. ...
Is Consol Energy (CEIX) Stock Undervalued Right Now?
ZACKS· 2024-10-31 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to ...
Consol Energy (CEIX) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-29 15:06
The market expects Consol Energy (CEIX) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...
Consol Energy (CEIX) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2024-10-28 13:50
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...
Is Consol Energy (CEIX) a Great Value Stock Right Now?
ZACKS· 2024-10-15 14:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of ...
CONSOL Energy Schedules Third Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-10-15 10:45
CANONSBURG, Pa., Oct. 15, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) will issue its third quarter earnings release before the market opens on Tuesday, November 5, 2024. The release will be followed by a conference call hosted by members of the management team at 10:00 a.m. Eastern Time. A live webcast will be accessible on the 'Investor Relations' page of its website, www.consolenergy.com. An archive of the webcast will be available for at least 30 days after the event. Participants may also join ...
Recent Price Trend in Consol Energy (CEIX) is Your Friend, Here's Why
ZACKS· 2024-10-10 13:50
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...
CONSOL Energy (CEIX) - 2024 Q2 - Earnings Call Transcript
2024-08-08 17:08
Financial Data and Key Metrics - The company generated $59 million of free cash flow in Q2 2024, despite operational challenges [5] - Net income for Q2 2024 was $58 million, or $1.96 per diluted share, with adjusted EBITDA of $125 million [18] - Capital expenditures for Q2 2024 were $55 million, with an updated full-year CapEx guidance range of $165 million to $190 million [20] - The company repurchased $13 million worth of shares in Q2 2024, bringing the year-to-date total to $71 million [21] Business Line Data and Key Metrics - Pennsylvania Mining Complex (PMC) produced 5.6 million tons in Q2 2024, down 11% from 6.3 million tons in Q2 2023 due to reduced export capacity [6] - PMC average cash cost of coal sold per ton increased to $39.82 in Q2 2024 from $36.33 in Q2 2023, primarily due to reduced fixed cost leverage [7] - Itmann Complex sales were 164,000 tons in Q2 2024, down from 193,000 tons in Q1 2024, impacted by equipment delivery delays and the FSK bridge collapse [7] - CONSOL Marine Terminal (CMT) throughput volume was 2.3 million tons in Q2 2024, representing 43% of Q2 2023 throughput volume [9] Market Data and Key Metrics - The company sold 5.8 million tons of PMC coal in Q2 2024, with 2.9 million tons exported, despite the Port of Baltimore closure [5] - Incremental transportation costs of approximately $10 per ton were incurred due to the redirection of shipments to an alternative port in Virginia [11] - Strong demand from India, Egypt, Brazil, and China was noted, with expectations of increased demand post-monsoon season in India [12] - Domestic coal burn increased by 32% in June 2024 compared to May 2024, leading to reduced stockpiles and higher power prices [14] Company Strategy and Industry Competition - The company demonstrated agility in responding to the Port of Baltimore closure by securing alternative port capacity and optimizing sales [4] - CONSOL is focusing on long-term fixed-price contracts domestically and internationally, with 14.5 million tons contracted for 2025 [17] - The company is prioritizing safety, cost management, and post-summer contracting to mitigate inflationary pressures and capitalize on market opportunities [23] - The recent PJM capacity auction results indicate tightening supply/demand balance, potentially extending the life of coal-fired power plants in the region [15] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience of the business model and strong relationships with logistics partners and customers [5] - The company expects normal production levels in the second half of 2024, with only one longwall move remaining at the PMC [7] - Management remains optimistic about the Itmann Complex achieving full ramp-up by the end of 2024, pending equipment deliveries [8] - The company is working on a business interruption recovery claim with insurance providers due to the Port of Baltimore closure [19] Other Important Information - The company accelerated planned summer shutdown maintenance at the CMT to reduce inventory and prepare for increased shipments [10] - CONSOL is focused on returning value to shareholders through share buybacks and maintaining a strong balance sheet [22] - The company is leveraging its high-quality product to secure long-term contracts, both domestically and internationally [23] Q&A Session Summary Question: Pricing Drivers and Mix Impact - The higher price per ton in Q2 2024 was attributed to a focus on shipping domestic and crossover metallurgical tons, which have higher average prices [28] - China was a significant market for crossover metallurgical coal, with over 800,000 tons shipped year-to-date [29] Question: Contracting Progress and Future Expectations - The company is in negotiations for additional domestic contracts and is being patient with export contracts due to unfavorable pet coke prices and high freight rates [33] - The 14.5 million tons contracted for 2025 includes $2.5 million linked to power, $6.9 million domestic and fixed, and the remainder export, with sensitivity to API2 price changes [36] Question: Capital Allocation and Share Buybacks - The company remains committed to returning capital to shareholders but is evaluating refinancing and other capital opportunities that may impact buyback activity [40] Question: Itmann Complex Cost Curve and Productivity Improvements - The Itmann Complex is expected to see improved production and cost efficiency as equipment deliveries are completed and staffing levels are optimized [42] - Management anticipates providing better cost guidance once steady production is achieved [43]
Consol Energy (CEIX) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-08-08 14:31
Consol Energy (CEIX) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $4.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 53.13%. A quarter ago, it was expected that this coal company would post earnings of $2.19 per share when it actually produced earnings of $3.39, delivering a surprise of 54.79%. Over the last four quarters, the com ...