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CONSOL Energy (CEIX) - 2024 Q2 - Quarterly Results
2024-08-08 10:51
Exhibit 99.1 CONSOL Energy Announces Results for the Second Quarter 2024 CANONSBURG, PA (August 8, 2024) - Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the period ended June 30, 2024. Second Quarter 2024 Highlights Include: 1 • GAAP net income of $58.1 million and GAAP dilutive earnings per share of $1.96; • Quarterly adjusted EBITDA of $124.5 million; • Net cash provided by operating activities of $116.3 million; • Quarterly free cash flow of $58.6 million; • Total re ...
CONSOL Energy: Expansion In Virginia, High Energy Content, And Cheap
Seeking Alpha· 2024-08-03 07:43
1 Dire # 1 E an 2 1 1 noc I H imagedepotpro CONSOL Energy Inc. (NYSE:CEIX) is undertaking an expansion of the Itmann Mining Complex in West Virginia, and reported an impressive track resord for the last ten years. Most clients form the metallurgy industry or the power generation will most likely buy the company's product because of its high energy content. Besides, in my view, as soon as the problems in Baltimore, Maryland are solved, FCF growth may grow again. Under my financial model that was based on pre ...
Consol Energy: A Deep Value Play With Enhanced Fundamentals
Seeking Alpha· 2024-07-29 02:32
My previous article on CONSOL Energy Inc. (NYSE:CEIX) was circulated March this year, when I outlined a very bullish thesis on this stock. The investment thesis was simple and consisted of the following building blocks: Extremely depressed valuation at a level that is indicative of a business closure in a near to medium-term. Negative financial leverage, meaning that the Company's financial risk (stemming from the debt side) is almost non-existent. Positive growth in the underlying cash generation, with cle ...
CONSOL Energy Schedules Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-07-16 10:45
CANONSBURG, Pa., July 16, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) will issue its second quarter earnings release before the market opens on Thursday, August 8, 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. Participant dial in (toll f ...
The 3 Most Undervalued Small-Cap Stocks to Buy in July 2024
Investor Place· 2024-07-10 10:07
Small-cap stocks are out of favor with investors right now and have been for some time. The Russell 2000 index comprised of the 2,000 smallest U.S. stocks, generally those with a market capitalization of under $10 billion, is up only 1% this year. That compares to a 23% year-to-date gain in the Nasdaq 100 index that's home to all of the mega-cap technology stocks. The current underperformance is disappointing as there are a lot of hidden gems to be found among small-cap stocks. A lot of great businesses and ...
ESG Nightmare, Investor Dream: Is CONSOL Energy The Ultimate Contrarian Play?
Seeking Alpha· 2024-06-14 19:39
Andrzej Rostek Introduction I'm very bullish on the future of natural gas. I have mentioned that in countless articles, including a recent one that discussed the impact of data centers on natural gas demand. Essentially, domestic demand in the United States is expected to rise from roughly 35 billion cubic feet per day to almost 55 Bcf/d by 2030 under the most bullish expectations - mainly driven by data center demand. Data Center Demand Becoming the Cornerstone to Nat Structural, baseload power demand grow ...
Small-Cap Savants: 3 Stocks Mastering the Art of Outsized Returns
Investor Place· 2024-06-07 11:00
Small-cap stocks have trailed their larger rivals for the last decade. The Russell 2000 Index that is comprised of 2,000 stocks with the smallest market capitalizations in the U.S. has risen 2.54% this year. That compares with a 13% year-to-date gain in the benchmark S&P 500 index. Over the last 12 months, the Russell 2000 has increased 11%. Despite the underperformance, there are many great small-cap stocks that have outperformed the market and produced returns as strong or stronger than the biggest public ...
CONSOL Energy Coal Shipments Resume from Its Marine Terminal in Baltimore
Prnewswire· 2024-05-21 10:45
CANONSBURG, Pa., May 21, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) reports that coal shipments to international markets began leaving its Marine Terminal in Baltimore last night. This is after a shutdown of the terminal due to the collapse of the Francis Scott Key bridge on March 26. The first empty ship arrived at the CONSOL Marine Terminal early Sunday morning, was loaded throughout that day and awaited clearance from officials for the 7:00PM departure time Monday night. According to CONSOL Ene ...
Consol Energy: Short-Term Problems, Long-Term Value
Seeking Alpha· 2024-05-08 06:33
Monty Rakusen I am going to make a long-side investment case for a US thermal coal stock, CONSOL Energy (NYSE:CEIX). CEIX has good profits and is trading dirt cheap. Before I get into the financial analysis, let's say something about the thermal coal industry generally. World coal Coal is not a dying industry. According to most sources I have seen, production and consumption have leveled off and may possibly decline in the out years. But for now, consumption is stable. The capacity of the coal burning power ...
CONSOL Energy (CEIX) - 2024 Q1 - Earnings Call Transcript
2024-05-07 17:03
Financial Data and Key Metrics Changes - The company reported a net income of $102 million or $3.39 per diluted share for Q1 2024, with adjusted EBITDA of $182 million [57] - Average cash cost of coal sold per ton increased to $40.29 in Q1 2024 from $33.61 in Q1 2023 [8] - Free cash flow for Q1 2024 was approximately $41 million, impacted negatively by $81 million in working capital changes [28][58] Business Line Data and Key Metrics Changes - Coal production at the Pennsylvania Mining Complex was 6.5 million tons in Q1 2024, down from 7 million tons in the prior year [20] - Terminal revenues for the quarter were $24.5 million, with adjusted EBITDA at $16.8 million, compared to $20.6 million in the prior year [22] - Sales into the export market accounted for 65% of total recurring revenue, while domestic power generation sales accounted for 30% [11][18] Market Data and Key Metrics Changes - The company expects strong demand and pricing in the export market post-monsoon season due to tightened Indian retail inventories [12] - The company is seeing renewed interest in crossover metallurgical products, particularly in Southeast Asia [25] - Despite mild winter weather affecting domestic demand, long-term indicators suggest potential growth in coal-fired generation demand driven by AI and electric vehicle manufacturing [55] Company Strategy and Development Direction - The company is focused on returning value to shareholders through share buybacks, deploying 89% of Q1 2024 free cash flow for this purpose [18][66] - The strategy includes increasing export sales, with expectations to move 60% or more of PAMC volume into international markets [54] - Capital expenditures for 2024 have been reduced by approximately $20 million to a range of $155 million to $180 million due to operational constraints [35] Management's Comments on Operating Environment and Future Outlook - Management acknowledged operational constraints due to the Baltimore Port closure but expressed confidence in mitigating financial impacts through alternative shipping arrangements [7][30] - The company anticipates resuming historical throughput rates at the Baltimore Port by June, assuming no further restrictions [31][76] - Management highlighted the importance of maintaining strong liquidity, ending Q1 2024 with $502 million [29] Other Important Information - The company is experiencing equipment delivery issues and high employee turnover, impacting production efficiency [21][118] - The company has secured a fixed-price three-year term deal for 950,000 tons in the domestic market from 2026 to 2028 [27][139] Q&A Session Summary Question: What is the Q2 outlook considering the port situation? - Management indicated uncertainty due to potential restrictions but expects to generate free cash flow if the port reopens as planned [41][74] Question: How is the company managing cash flow and liquidity? - The company generated approximately $20 million of free cash flow in April and expects to maintain liquidity despite challenges [43][96] Question: What is the pricing outlook for 2024 and 2025? - The company provided a breakdown of pricing sensitivity, indicating that current pricing is in the mid-60s, with expectations for continued strong demand in export markets [78][100] Question: How is the company addressing equipment delays? - Management noted ongoing challenges with equipment delivery and labor but remains optimistic about future production capabilities [117][136] Question: What are the implications of the Clean Power Plan on coal generation? - Management expressed concerns about the potential impact of the Clean Power Plan on coal-fired generation and the need for reliable power sources amid increasing demand [125][142]