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CONSOL Energy (CEIX) - 2024 Q1 - Earnings Call Transcript
2024-05-07 17:03
CONSOL Energy Inc. (NYSE:CEIX) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Nathan Tucker - Director, Finance and Investor Relations Jimmy Brock - Chief Executive Officer Mitesh Thakkar - President and CFO Bob Braithwaite - Senior Vice President, Marketing and Sales Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Operator Good morning, ladies and gentlemen. And welcome to the CIEX First Quarter 2024 Earnings Conference Cal ...
CONSOL Energy (CEIX) - 2024 Q1 - Earnings Call Presentation
2024-05-07 17:02
$200 $100 1Q24 Note: Some totals may not foot due to rounding (1) Source: Public filings as of March 31, 2024 (2) A non-GAAP financial measure. See the Appendix for a reconciliation. 8 CEIX Balance Sheet Legacy Liabilities Significant legacy liability reductions over the past three years ◼ CEIX's Qualified Pension Plan was funded at 110% as of 3/31/24, compared to 107% for the average S&P 1500 DB plan. ◼ Plan asset returns were in the top 36% over the last 18 years, which is inclusive of historic periods of ...
Consol Energy (CEIX) Tops Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-07 13:51
Consol Energy (CEIX) came out with quarterly earnings of $3.39 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $6.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 54.79%. A quarter ago, it was expected that this coal company would post earnings of $4.28 per share when it actually produced earnings of $5.05, delivering a surprise of 17.99%.Over the last four quarters, the compa ...
CONSOL Energy (CEIX) - 2024 Q1 - Quarterly Report
2024-05-07 10:56
Table of Contents Property, plant and equipment consists of the following: Coal reserves are either owned in fee or controlled by lease. The duration of the leases vary; however, the lease terms are generally extended automatically to the exhaustion of economically recoverable reserves, as long as active mining continues. Coal interests held by lease provide the same rights as fee ownership for mineral extraction and are legally considered real property interests. NOTE 11—OTHER ACCRUED LIABILITIES: 18 Unite ...
CONSOL Energy (CEIX) - 2024 Q1 - Quarterly Results
2024-05-07 10:55
| --- | --- | --- | --- | --- | |------------------------------------------------|-------|------------------------------------------------------|-------------------|---------------------------------------| | Net Cash Provided by Operations | $ | Three Months Ended \nMarch 31, 2024 \n77,484 | Three \nMarch \n$ | Months Ended \n 31, 2023 \n248,511 | | | | | | | | Capital Expenditures | | (42,352) | | (33,757) | | Proceeds from Sales of Assets | | 6,191 | | 6,000 | | Investments in Mining-Related Activities | ...
CONSOL Energy Announces Results for the First Quarter 2024
Prnewswire· 2024-05-07 10:45
CANONSBURG, Pa., May 7, 2024 /PRNewswire/ -- Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the period ended March 31, 2024. First Quarter 2024 Highlights Include: GAAP net income of $101.9 million and GAAP dilutive earnings per share of $3.39; Quarterly adjusted EBITDA1 of $181.8 million; Net cash provided by operating activities of $77.5 million; Quarterly free cash flow1 of $41.3 million, which was impacted by working capital changes; Total revenue and other income o ...
Coal Comeback Kings: 3 Stocks Destined to Capitalize on the Fuel's Resurgence
InvestorPlace· 2024-04-22 17:52
With the disruptions in the global economy, now may be the time to consider coal stocks. Yes, it’s an awfully anachronistic concept. Further, as InvestorPlace contributor Tyrik Torres pointed out, the Baltimore bridge collapse could have a negative impact on the coal market.However, it’s also fair to bring up the positives. In particular, China and India have recently lifted imports of seaborne thermal coal to three-month highs. The reason? Strong domestic power demand. And it’s not just foreign nations tha ...
CONSOL Energy Schedules First Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-04-11 10:45
CANONSBURG, Pa., April 11, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) will issue its first quarter earnings release before the market opens on Tuesday, May 7, 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 the ...
Consol Energy: P/FCF Of ~4x And Growing Cash Flows Indicate A Buy
Seeking Alpha· 2024-03-22 18:27
Chun han CONSOL Energy Inc. (NYSE:CEIX) is a U.S. based coal producer with a market cap of ~ $2.5 billion. Since it operates in the coal space, it's not that surprising that the underlying valuations are extremely cheap and clearly in deep value territory. Just to give you a flavor of how cheap CEIX really is: TTM P/E of 4.3x. TTM EV/EBITDA of 2.4x. TTM P/CF of 2.9x. Also, if we compare the current valuations with the sector average (which includes other energy producers as well) and CEIX's historical lev ...
CONSOL Energy Releases 2023 Corporate Sustainability Report
Prnewswire· 2024-03-15 10:45
CANONSBURG, Pa. , March 15, 2024 /PRNewswire/ -- CONSOL Energy Inc. ("CONSOL Energy,"NYSE: CEIX) is proud to announce the release of its 2023 Corporate Sustainability Report, "Here Today AND Tomorrow" and is available for download at www.consolenergy.com/sustainability. The report provides an update on the Company's ongoing sustainability and operational initiatives focused on innovating for the energy economy today and beyond during the fiscal year ended December 31, 2023, including: Achieving record free ...