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]

$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) 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 ...

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 ...

| --- | --- | --- | --- | --- | |------------------------------------------------|-------|------------------------------------------------------|-------------------|---------------------------------------| | 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 | ...

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 ...

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 ...

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 ...

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 ...

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 ...