Core Natural Resources Q4 2024 Earnings Report [Report Highlights and Management Comments](index=1&type=section&id=Report%20Highlights%20and%20Management%20Comments) Core Natural Resources announced Q4 2024 results, highlighting a new capital return framework with a $1 billion share buyback, significant synergy capture, and resumed Leer South mine development - Adopted a new capital return framework heavily weighted toward **share repurchases**[1](index=1&type=chunk) - The Board of Directors authorized a **$1 billion** share repurchase program[1](index=1&type=chunk)[3](index=3&type=chunk) - Resumed development work with continuous miner units at the Leer South mine following a combustion-related event[1](index=1&type=chunk)[4](index=4&type=chunk) - Management reports an excellent start in integrating the combined portfolio and capturing synergies from the recent transformational merger[2](index=2&type=chunk) [Shareholder Return Framework](index=1&type=section&id=Shareholder%20Return%20Framework) The company established a new capital return framework targeting approximately 75% of free cash flow to shareholders, primarily via a $1.0 billion share repurchase program and a $0.10 per share quarterly dividend - The new framework targets returning **~75%** of free cash flow to shareholders, with a majority allocated to share repurchases[3](index=3&type=chunk) - The board has authorized a total of **$1.0 billion** for share repurchases[3](index=3&type=chunk) - A sustaining quarterly dividend of **$0.10 per share** has been established[3](index=3&type=chunk) [Operational Updates](index=1&type=section&id=Operational%20Updates) Core safely re-entered the Leer South mine, resuming development with longwall production expected mid-year, and has already captured one-third of the projected $110-$140 million in merger synergies - **Leer South Mine:** Following a combustion-related event, the mine has been safely re-entered, and development work has resumed, with longwall production on track to resume mid-year[4](index=4&type=chunk)[5](index=5&type=chunk) - **Synergy Capture:** In the first five weeks post-merger, the company has locked in approximately **one-third** of the value from its projected synergy range of **$110 million to $140 million**[5](index=5&type=chunk) [Financial and Liquidity Update](index=2&type=section&id=Financial%20and%20Liquidity%20Update) Core's post-merger liquidity stands at $1.1 billion, supported by an upsized $600 million revolving credit facility, with 2025 projections including $300-$330 million in capital expenditures and $130 million in one-time merger and Leer South event costs | Metric | Value | | :--- | :--- | | **Total Liquidity (as of Jan 14, 2025)** | **$1.1 billion** | | Cash and Equivalents | $590 million | | **Revolving Credit Facility** | **$600 million** | | Maturity | April 30, 2029 | | **Projected 2025 Expenditures** | | | Capital Expenditures | $300 - $330 million | | Merger-related Expenditures | ~$100 million | | Leer South Event Expenditures | ~$30 million | - Declared a quarterly dividend of **$0.10 per share**, payable on March 17, 2025[10](index=10&type=chunk) [Operating Results and Market Dynamics](index=2&type=section&id=Operating%20Results%20and%20Market%20Dynamics) Legacy CONSOL Energy reported Q4 2024 GAAP net income of $30.8 million and adjusted EBITDA of $170.0 million, with PAMC selling 7.0 million tons, amidst soft coal markets buffered by Core's committed thermal position and robust long-term metallurgical outlook Legacy CONSOL Q4 2024 Performance | Metric | Value | | :--- | :--- | | GAAP Net Income | $30.8 million | | Adjusted EBITDA | $170.0 million | | PAMC Tons Sold | 7.0 million | | PAMC Avg. Revenue per Ton | $63.28 | | PAMC Avg. Cash Cost per Ton | $36.46 | - Current market conditions are **soft**, with API-2 and High-Vol A coking coal prices near **three-year lows**[12](index=12&type=chunk) - The high C.V. thermal segment has a strong committed and priced position of **~24.0 million tons** at a projected price of **$61-$63 per ton**, counterbalancing market softness[13](index=13&type=chunk) - Long-term metallurgical market dynamics are **robust**, driven by new blast furnace capacity in Southeast Asia, rising Indian imports, and constrained supply from key producing countries[14](index=14&type=chunk) [2025 Guidance](index=3&type=section&id=2025%20Guidance) Core Natural Resources provided full-year 2025 guidance, projecting total sales volume between 72.5 and 79.0 million tons, detailing segment-specific volumes, committed positions, and average cash costs, with total capital expenditures forecasted at $300-$330 million Core Natural Resources 2025 Full-Year Guidance | Category | Metric | Value | | :--- | :--- | :--- | | **Sales Volume (millions of tons)** | | | | | Coking | 7.5 - 8.0 | | | High C.V. Thermal | 29.0 - 31.0 | | | Powder River Basin | 36.0 - 40.0 | | | **Total** | **72.5 - 79.0** | | **Metallurgical** | | | | | Total Committed (millions of tons) | 6.6 | | | Average Cash Cost ($/ton) | $96.00 - $100.00 | | **High C.V. Thermal** | | | | | Total Committed (millions of tons) | 24.6 | | | Average Cash Cost ($/ton) | $38.00 - $40.00 | | **Powder River Basin** | | | | | Total Committed (millions of tons) | 36.9 | | | Average Cash Cost ($/ton) | $13.75 - $14.25 | | **Corporate ($ millions)** | | | | | Capital Expenditures | $300 - $330 | [Outlook](index=4&type=section&id=Outlook) Management expressed strong confidence in Core's future, citing significant progress in integration, capital returns, and synergy capture, positioning the company's complementary coal segments and low-cost operations for long-term value generation - Management highlighted **key achievements** since the merger[22](index=22&type=chunk) - Swift integration efforts[22](index=22&type=chunk) - Adopted a capital return framework with a **$1 billion** buyback authorization[22](index=22&type=chunk) - Captured **one-third** of projected synergies[22](index=22&type=chunk) - Built a strong cash balance and enhanced capital structure[22](index=22&type=chunk) - The company is **confident** that its two complementary operating segments create a **unique opportunity** for value creation and cash generation in the years ahead[18](index=18&type=chunk) [Pre-Merger CONSOL Energy Financial Statements](index=5&type=section&id=Pre-Merger%20CONSOL%20Energy%20Financial%20Statements) [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20-%20CONSOL%20Energy%20Inc.) This section presents CONSOL Energy Inc.'s pre-merger income statement, showing 2024 total revenue of **$2.24 billion** (down from $2.57 billion in 2023) and net income of **$286.4 million** ($9.61/share diluted), a decrease from $655.9 million in 2023 CONSOL Energy Inc. Statement of Income (in thousands, except per share data) | | Three Months Ended Dec 31, 2024 | Three Months Ended Dec 31, 2023 | For the Year Ended Dec 31, 2024 | For the Year Ended Dec 31, 2023 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue and Other Income** | **$595,291** | **$649,439** | **$2,236,311** | **$2,568,877** | | Total Costs and Expenses | $563,637 | $470,591 | $1,905,664 | $1,791,005 | | **Net Income** | **$30,821** | **$157,067** | **$286,405** | **$655,892** | | **Diluted EPS** | **$1.04** | **$5.05** | **$9.61** | **$19.79** | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20-%20CONSOL%20Energy%20Inc.) This section presents CONSOL Energy Inc.'s pre-merger balance sheet as of December 31, 2024, showing total assets increased to **$2.88 billion** (from $2.68 billion) and total equity grew to **$1.57 billion** (from $1.34 billion), primarily due to increased cash and cash equivalents CONSOL Energy Inc. Balance Sheet (in thousands) | | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | **$785,958** | **$601,006** | | Cash and Cash Equivalents | $408,240 | $199,371 | | **TOTAL ASSETS** | **$2,879,543** | **$2,675,003** | | **Total Current Liabilities** | **$518,684** | **$443,724** | | Total Long-Term Debt | $94,794 | $186,067 | | **Total Equity** | **$1,568,247** | **$1,343,442** | | **TOTAL LIABILITIES AND EQUITY** | **$2,879,543** | **$2,675,003** | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20-%20CONSOL%20Energy%20Inc.) This section details CONSOL Energy Inc.'s pre-merger cash flows, showing 2024 net cash from operating activities at **$476.4 million** (down from $857.9 million), with net cash increasing by **$204.3 million** after investing and financing activities CONSOL Energy Inc. Statement of Cash Flows (in thousands) | | For the Year Ended Dec 31, 2024 | For the Year Ended Dec 31, 2023 | | :--- | :--- | :--- | | **Net Cash Provided by Operating Activities** | **$476,390** | **$857,949** | | Net Cash Used in Investing Activities | ($165,031) | ($259,432) | | Net Cash Used in Financing Activities | ($107,085) | ($682,201) | | **Net Increase (Decrease) in Cash** | **$204,274** | **($83,684)** | [Reconciliation of Non-GAAP Financial Measures](index=9&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) [Reconciliation of Cost of Coal Sold](index=9&type=section&id=Reconciliation%20of%20Cost%20of%20Coal%20Sold) This section reconciles the non-GAAP 'Cash Cost of Coal Sold' to GAAP 'Operating and Other Costs' for the PAMC segment, showing Q4 2024 Average Cash Cost of Coal Sold per Ton at **$36.46**, a slight increase from Q4 2023 PAMC Segment Cost Reconciliation (Q4 2024, in thousands, except per ton) | | Value | | :--- | :--- | | Operating and Other Costs (GAAP) | $385,462 | | Less: Other Costs | ($130,270) | | **Cash Cost of Coal Sold (Non-GAAP)** | **$255,192** | | Total Tons Sold (millions) | 7.0 | | **Average Cash Cost of Coal Sold per Ton** | **$36.46** | [Reconciliation of Adjusted EBITDA](index=10&type=section&id=Reconciliation%20of%20Adjusted%20EBITDA) This section reconciles the non-GAAP 'Adjusted EBITDA' to GAAP 'Net Income', showing Q4 2024 consolidated Net Income of **$30.8 million** adjusted for various items to reach a consolidated Adjusted EBITDA of **$170.0 million** Consolidated Adjusted EBITDA Reconciliation (Q4 2024, in thousands) | | Value | | :--- | :--- | | Net Income (GAAP) | $30,821 | | Add: Interest, Taxes, DD&A, etc. | $61,237 | | **EBITDA** | **$92,058** | | Add: Stock-Based Comp, Merger Expenses, Litigation | $77,961 | | **Adjusted EBITDA (Non-GAAP)** | **$170,019** | [Cautionary Statement](index=11&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) This section provides a standard cautionary statement, noting that forward-looking statements are subject to risks and uncertainties, including merger integration, synergy realization, Leer South mine operations, and coal price volatility - Forward-looking statements are **not guarantees** of future performance and are subject to risks and uncertainties[32](index=32&type=chunk) - **Key risks** include: merger integration success, synergy realization, Leer South mine resumption timing, coal price changes, and regulatory changes[32](index=32&type=chunk)

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.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 use fundamental analysis and traditional valuation m ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Consol Energy (CEIX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Consol Energy is one of 240 companies in the Oils-Energy group. The Oils-Energy group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Rank consid ...

Company Overview - Consol Energy (CEIX) is a notable stock in the Oils-Energy sector, currently holding a Zacks Rank of 1 (Strong Buy) indicating strong potential for outperformance [3] - The Zacks Consensus Estimate for CEIX's full-year earnings has increased by 1% over the past quarter, reflecting improved analyst sentiment and earnings outlook [4] Performance Comparison - Year-to-date, Consol Energy has returned 32.6%, significantly outperforming the average return of 10.1% for the Oils-Energy sector [4] - In contrast, another stock in the sector, Enerflex (EFXT), has achieved a year-to-date return of 100.9%, with a consensus EPS estimate increase of 49.1% over the past three months [5] Industry Context - Consol Energy is part of the Coal industry, which ranks 145 in the Zacks Industry Rank, with an average gain of 13.9% year-to-date, indicating that CEIX is outperforming its industry peers [6] - Enerflex belongs to the Oil and Gas - Exploration and Production - Canadian industry, currently ranked 82, which has seen a year-to-date increase of 4.5% [6] Sector Insights - The Oils-Energy sector consists of 240 individual stocks and is currently ranked 16 in the Zacks Sector Rank, which evaluates 16 different sector groups based on the average Zacks Rank of individual stocks [2] - Investors are encouraged to monitor both Consol Energy and Enerflex for their continued strong performance within the sector [7]

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Consol Energy (CEIX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Consol Energy is a member of the Oils-Energy sector. This group includes 242 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength o ...

Have you been paying attention to shares of Consol Energy (CEIX) ? Shares have been on the move with the stock up 18.8% over the past month. The stock hit a new 52-week high of $128.07 in the previous session. Consol Energy has gained 26.4% since the start of the year compared to the 6.7% move for the Zacks Oils-Energy sector and the 15.9% return for the Zacks Coal industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consens ...

CONSOL Energy Inc. (NYSE:CEIX) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Nathan Tucker - Director, Finance and Investor Relations Jimmy Brock - Chief Executive Officer Mitesh Thakkar - President and Chief Financial Officer Bob Braithwaite - Senior Vice President, Marketing and Sales Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - Benchmark Company Michael Dudas - Vertical Research Operator Good morning, ladies and gentlemen, and welcome ...

Consol Energy (CEIX) came out with quarterly earnings of $3.22 per share, beating the Zacks Consensus Estimate of $3.16 per share. This compares to earnings of $3.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.90%. A quarter ago, it was expected that this coal company would post earnings of $1.28 per share when it actually produced earnings of $1.96, delivering a surprise of 53.13%.Over the last four quarters, the compan ...

Merger and Acquisition - The company entered into a merger agreement with Arch Resources, Inc. on August 20, 2024, which will result in Arch becoming a wholly-owned subsidiary of the company[122] Coal Reserves and Production Capacity - The Pennsylvania Mining Complex (PAMC) controls 583.5 million tons of high-quality Pittsburgh seam reserves, sufficient for over 20 years of full-capacity production[126] - The Itmann Mining Complex includes 28.4 million tons of recoverable coal reserves, supporting over 30 years of full-capacity production[126] - The company owns or controls approximately 1.3 billion tons of Greenfield Reserves and Resources across various basins[126] - The Itmann No. 5 Mine is expected to produce approximately 900 thousand tons per year of high-quality, low-vol coking coal once it reaches full run rate[127] - The PAMC averaged 7.50 tons of coal production per employee hour in 2022 and 2023[128] - The Central Preparation Plant can clean and process up to 9,000 raw tons of coal per hour[128] - PAMC coal production increased to 7.2 million tons in Q3 2024 from 6.1 million tons in Q3 2023, with the Bailey Mine contributing the largest increase of 836,000 tons[166] - Total tons produced at the Pennsylvania Mining Complex (PAMC) decreased to 19.3 million tons for the nine months ended September 30, 2024, from 19.5 million tons in 2023, impacted by restricted access to the CONSOL Marine Terminal[192][193] Financial Performance - The company's adjusted EBITDA for the PAMC segment was $439.73 million for the three months ended September 30, 2024[138] - The average cash margin per ton sold for the PAMC segment was $28.43 for the three months ended September 30, 2024[138] - The company's total coal revenue for the PAMC segment was $1,240.36 million for the nine months ended September 30, 2024[138] - Consolidated net income for the three months ended September 30, 2024 was $95.6 million, compared to $100.7 million for the same period in 2023[140][143] - Adjusted EBITDA for the three months ended September 30, 2024 was $179.2 million, compared to $185.5 million for the same period in 2023[140][143] - Total revenue and other income for the three months ended September 30, 2024 was $575 million, a $5 million increase from $570 million in the same period in 2023[146] - Coal revenue for the three months ended September 30, 2024 was $463 million, consisting of $440 million from the Pennsylvania Mining Complex and $23 million from the Itmann Mining Complex[147] - Terminal revenue for the three months ended September 30, 2024 was $24 million, compared to $23 million for the same period in 2023[148] - Freight revenue for the three months ended September 30, 2024 was $63 million, compared to $68 million for the same period in 2023[149] - Consolidated net income for the nine months ended September 30, 2024 was $255.6 million, compared to $498.8 million for the same period in 2023[144][145] - Adjusted EBITDA for the nine months ended September 30, 2024 was $485.5 million, compared to $807.8 million for the same period in 2023[144][145] - Coal revenue for the three months ended September 30, 2024 was sold into the following markets: $227 million into power generation, $152 million into industrial, and $84 million into metallurgical[147] - Miscellaneous other income decreased to $25 million in Q3 2024 from $28 million in Q3 2023, primarily due to lower contract assessments and other income[150] - Adjusted EBITDA for the PAMC decreased to $173.9 million in Q3 2024 from $183.8 million in Q3 2023, primarily due to a $6.06 decrease in average coal revenue per ton sold[164][167] - CONSOL Marine Terminal throughput increased to 4.7 million tons in Q3 2024 from 4.3 million tons in Q3 2023, with Adjusted EBITDA rising to $15.9 million from $14.9 million[164][169] - Coal revenue for the nine months ended September 30, 2024, was $1,320 million, down from $1,574 million in the same period of 2023, with a significant decline in power generation revenue[172] - Terminal revenue for the nine months ended September 30, 2024, was $60 million, compared to $81 million in the same period of 2023, reflecting lower activity at the CONSOL Marine Terminal[173] - Freight revenue and freight expense were both $199 million for the nine months ended September 30, 2024, compared to $217 million for the same period in 2023[174] - Miscellaneous other income increased to $55 million for the nine months ended September 30, 2024, from $40 million in 2023, driven by higher royalty income and interest income[175] - Adjusted EBITDA for the PAMC segment decreased to $481.7 million for the nine months ended September 30, 2024, from $784.8 million in 2023, due to lower coal revenue per ton and higher cash costs[190] - Adjusted EBITDA for the CONSOL Marine Terminal segment decreased to $37.9 million for the nine months ended September 30, 2024, from $59.3 million in 2023, reflecting reduced throughput volumes[190] Operating Costs and Expenses - Operating and other costs increased to $304 million in Q3 2024 from $276 million in Q3 2023, driven by higher production volumes and increased costs at the Itmann Mining Complex[153][154] - Operating and other costs increased to $885 million for the nine months ended September 30, 2024, from $814 million in 2023, primarily due to inflationary pressures and increased production volumes[179][184] - Depreciation, depletion, and amortization costs decreased to $165 million for the nine months ended September 30, 2024, from $183 million in 2023, due to fully-depreciated assets and reduced asset retirement obligations[185] - Employee-related legacy liability expense increased by $3 million in Q3 2024 compared to Q3 2023, primarily due to changes in actuarial assumptions[156] - Interest expense decreased to $5 million in Q3 2024 from $7 million in Q3 2023, as the company fully retired its Second Lien Notes in July 2023[161] - Interest expense decreased to $15 million for the nine months ended September 30, 2024, from $24 million in 2023, as the company retired its Term Loan B and Second Lien Notes[187] Liquidity and Capital Structure - CONSOL Energy's total liquidity as of September 30, 2024 was $649 million, including $332 million in cash and cash equivalents, $84 million in short-term investments, $57 million in securitization facility availability, and $355 million in revolving credit facility availability, less $179 million in outstanding letters of credit[201] - The company generated $355 million in cash flows from operating activities for the nine months ended September 30, 2024, a decrease of $284 million compared to the same period in 2023[206] - CONSOL Energy's revolving credit facility was amended in 2023 to increase capacity to $355 million, with the ability to expand to $400 million, and secured $95 million in incremental commitments from new and existing lenders[200][209] - The company's total capital expenditures for the nine months ended September 30, 2024 were $137 million, an increase of $19 million compared to the same period in 2023, primarily due to higher equipment purchases and rebuilds[208] - CONSOL Energy's first lien gross leverage ratio was 0.02 to 1.00, total net leverage ratio was (0.31) to 1.00, and fixed charge coverage ratio was 2.88 to 1.00 as of September 30, 2024, all within compliance with the revolving credit facility covenants[213] - The company's aggregate obligation for the UMWA Combined Benefit Fund and 1992 Benefit Plan is estimated to be approximately $33 million, with contributions of $2 million for the nine months ended September 30, 2024[205] - CONSOL Energy's securitization facility has a maximum capacity of $100 million, with loans accruing interest at a reserve-adjusted market index rate equal to the applicable term SOFR rate plus a program fee ranging from 2.00% to 2.50% per annum[218][219] - The company's cash used in financing activities decreased by $460 million for the nine months ended September 30, 2024 compared to the same period in 2023, primarily due to a $206 million decrease in share repurchases and a $174 million decrease in net payments on indebtedness[208] - CONSOL Energy's insurance rates have stabilized and even decreased on certain lines of coverage as new insurance carriers have entered the market, after experiencing rising premiums and reduced coverage in previous years[203] - CONSOL Energy's revolving credit facility has $231 million of unused capacity as of September 30, 2024, with $124 million of letters of credit outstanding[215] - Eligible accounts receivable yielded $57 million of borrowing capacity at September 30, 2024, with $2 million of unused capacity[221] - CONSOL Energy borrowed $75 million from PEDFA Bonds at a fixed interest rate of 9.00%, maturing in April 2051[222] - CONSOL Energy expects to make payments of $120 million on long-term debt obligations in the next 12 months, including $103 million for MEDCO revenue bonds[225] - CONSOL Energy expects to make payments of $6 million on operating and finance lease obligations in the next 12 months[226] - CONSOL Energy expects to make payments of $48 million on employee-related long-term liabilities in the next 12 months[227] - Total long-term debt and finance lease obligations at September 30, 2024, were $197 million, including $103 million of industrial revenue bonds and $75 million of PEDFA Bonds[228][229] - CONSOL Energy repurchased and retired 747,351 shares of common stock at an average price of $89.49 per share during the nine months ended September 30, 2024[234] - Total equity attributable to CONSOL Energy was $1,529 million at September 30, 2024, compared to $1,343 million at December 31, 2023[235] - CONSOL Energy announced a $0.25/share dividend, totaling approximately $7 million, payable on November 26, 2024[237] - CONSOL Energy had no borrowings outstanding under the $355 million senior secured Revolving Credit Facility and $100 million securitization facility at September 30, 2024[231] Terminal Operations and Throughput - The Company's Terminal revenue consists of fees charged for coal loaded at the CONSOL Marine Terminal, which provides access to international coal markets[148] - Throughput tons at the CONSOL Marine Terminal decreased to 11.5 million tons for the nine months ended September 30, 2024, from 14.2 million tons in 2023, due to the Francis Scott Key Bridge collapse[190][196] - The company utilized an alternative port and accelerated domestic shipments to mitigate the impact of the CONSOL Marine Terminal's restricted access following the bridge collapse[196] Royalty and Other Income - Royalty income increased due to additional leased coal volumes and investments in coal-to-product businesses led by CONSOL Innovations LLC[152] Internal Controls and Litigation - CONSOL Energy's disclosure controls and procedures are effective as of September 30, 2024, ensuring timely and accurate reporting under SEC rules[243] - No material changes in the company's internal controls over financial reporting during the fiscal quarter[244] - The company acknowledges that no control system can provide absolute assurance due to assumptions about future events[245] - CONSOL Energy is not currently subject to any material litigation, except as disclosed in Note 13 of the financial statements[246]

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 ...