CONSOL Energy (CEIX)
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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
Company Overview - Consol Energy (CEIX) is expected to report a year-over-year increase in earnings of +1.6% with an EPS of $3.16, despite a revenue decline of 3% to $552.7 million for the quarter ended September 2024 [3][12] - The stock's price movement will largely depend on how actual results compare to these estimates, with the earnings report scheduled for November 5 [2][3] Earnings Estimates and Trends - The consensus EPS estimate has been revised down by 0.66% over the last 30 days, indicating a reassessment by analysts [4] - Consol Energy's Earnings ESP is currently at 0%, suggesting no recent changes in analyst estimates that differ from the consensus [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of an earnings beat, but the predictive power is significant only for positive readings [7][8] - Consol Energy's combination of a 0% Earnings ESP and a Zacks Rank of 1 (Strong Buy) complicates the prediction of an earnings beat [11][16] Historical Performance - In the last reported quarter, Consol Energy exceeded the consensus EPS estimate of $1.28 by delivering earnings of $1.96, resulting in a surprise of +53.13% [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Industry Context - Another player in the coal industry, Arch Resources (ARCH), is expected to report a significant year-over-year decline in earnings of -64.7% with an EPS of $1.38 and a revenue drop of 28% to $536 million [17] - Arch Resources has also seen a substantial revision of its EPS estimate down by 51.3% over the last 30 days, and it carries a Zacks Rank of 5 (Strong Sell) [18]
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
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Stock Performance - Consol Energy (CEIX) has shown a solid price increase of 4.7% over the past 12 weeks, indicating investor willingness to pay more for potential upside [4] - CEIX has experienced a price increase of 17.3% over the past four weeks, suggesting that the upward trend is still intact [5] - Currently, CEIX is trading at 81.1% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - CEIX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like CEIX that are on an uptrend supported by strong fundamentals [3] - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8]
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
分组1 - Consol Energy reported quarterly earnings of $1.96 per share, exceeding the Zacks Consensus Estimate of $1.28 per share, but down from $4.94 per share a year ago, representing an earnings surprise of 53.13% [1] - The company posted revenues of $501.12 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 14%, but down from $660.97 million year-over-year [2] - Consol Energy has surpassed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] 分组2 - The stock has underperformed the market, losing about 12% since the beginning of the year compared to the S&P 500's gain of 9% [3] - The current consensus EPS estimate for the upcoming quarter is $3.48 on revenues of $568.3 million, and for the current fiscal year, it is $11.58 on revenues of $2.14 billion [7] - The Zacks Industry Rank indicates that the Coal industry is currently in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]