Bailey Mine. As of December 31, 2023, the Bailey Mine's assigned and accessible reserve base contained an aggregate of 137.4 million tons of clean recoverable coal with an average as-received gross heat content of approximately 12,937 Btu per pound and an approximate average pounds of sulfur dioxide per mmBtu of 3.86. The Bailey Mine is the first mine developed at the Pennsylvania Mining Complex. Construction of the slope and initial air shaft began in 1982. The slope development reached the coal seam at a ...

CONSOL ENERGY. | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------------|------------------| | | | | | | | | | | | | | | | | 4th Quarter and Full Year 2023 | | | | | | Earnings Supplement | | | | | | | February 6, 2024 | This presentation includes unaudited "non-GAAP financial measures" as defined in Regulation G under the Securities Exchange Act of 1934, including EBITDA, Adjusted EBITDA, CONSOL Marine Terminal Adjusted EBITDA, Total CEIX Liquidity, Average Cash Cost of Coal ...

CANONSBURG, Pa., Feb. 6, 2024 /PRNewswire/ -- Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the fiscal quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Include: GAAP net income of $157.1 million and GAAP dilutive earnings per share of $5.05; Quarterly adjusted EBITDA1 of $239.9 million; Net cash provided by operating activities of $219.1 million; Quarterly free cash flow1 of $165.0 million; Total revenue and other income of $649.4 million; Penns ...

Monty RakusenOverview CONSOL Energy (NYSE:CEIX) is a U.S. coal mining company, which has historically been more exposed to the domestic power generation market, but over the years has pivoted towards the export market. So, the company now has more industrial and metallurgical coal sales. Figure 1 - Source: CONSOL Corporate Presentation What makes CONSOL relatively unique is its production of high-quality bituminous coal in the Pennsylvania Mining Complex ("PAMC"), which has a high energy content and rel ...

traveler1116 Introduction This article is an update to my prior ones on CONSOL Energy (NYSE:CEIX): my first article, Initiation/Buy, was published on 2/26/23, and my second article, upgrade to Strong Buy, was published on 5/8/23. Please reference these for more background on the Company and my positions over time. I initiated a medium-sized position in CONSOL in mid-2022, and added to my holdings over the last 12 months; coupled with share price appreciation, CEIX has become one of my largest positions. I a ...

CANONSBURG, Pa., Jan. 10, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) will issue its fourth quarter earnings release before the market opens on Tuesday, February 6, 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 ...

CONSOL Energy Inc. (NYSE:CEIX) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Nathan Tucker - Director-Finance & Investor Relations Jimmy Brock - Chief Executive Officer Mitesh Thakkar - President & Chief Financial Officer Bob Braithwaite - Senior Vice President-Marketing & Sales Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Michael Dudas - Vertical Research Partners Operator Good morning and welcome to CONSOL Energy’ ...

September 30, 2023 Volumes (MM Tons) Operating Metrics ($/Ton) Average Cash Margin per Ton Sold(1) $31.98 $33.06 ($1.08) Throughput Volume 4.3 2.7 1.6 CMT Operating Cash Costs(2) $7 $7 - Adjusted EBITDA(2) $186 $181 $5 Dilutive Earnings per Share ($/share) $3.11 $4.25 ($1.14) Leverage and Liquidity Summary 2018 Formed cross-functional ESG Committee to provide input to management related to ESG issues, trends, and strategies Proud to release our 6th Corporate Sustainability Report Announced partnership with ...

FORM 10-Q OR CONSOL Energy Inc. (Exact name of registrant as specified in its charter) Delaware 82-1954058 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 275 Technology Drive Suite 101 Canonsburg, PA 15317-9565 (724) 416-8300 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to ...

Financial Data and Key Metrics Changes - CONSOL Energy reported a net income of $168 million or $4.94 per diluted share for Q2 2023, with adjusted EBITDA of $276 million and free cash flow of $181 million [57][5][31] - The company achieved a net cash position of $62 million for the first time in its history and finished the quarter with a liquidity position of $515 million [26][25] - The average cash cost of coal sold per ton increased to $36.33 in Q2 2023 from $33.61 in Q1 2023, primarily due to reduced production tons [7] Business Line Data and Key Metrics Changes - Coal production at the Pennsylvania Mining Complex was 6.3 million tons in Q2 2023, down from 7 million tons in Q1 2023, attributed to longwall moves [18] - The Itmann Mining Complex produced 70,000 tons of coal and sold 126,000 tons in Q2 2023, with strong interest in its products [8] - The CONSOL Marine Terminal achieved a throughput record of 5.4 million tons shipped in Q2 2023, up from 4.6 million tons in Q1 2023 [49] Market Data and Key Metrics Changes - Domestic power generation accounted for less than 20% of recurring revenues in Q2 2023, a significant shift from over 50% in 2017, indicating a strategic pivot towards export markets [22] - The company contracted 17.6 million tons for 2024, ahead of schedule compared to previous years, with a focus on export markets [12] - Exports accounted for approximately 63% of total shipments in the first half of 2023, with significant volumes shipped to India, China, and Indonesia [40] Company Strategy and Development Direction - The company is focused on shareholder returns, having repurchased nearly 10% of its public float through share buybacks [6][31] - A strategic shift towards export markets is evident, with plans to increase market share in Latin America and Asia as demand for U.S. coal rises [11] - The company aims to maintain a consistent production profile at the Itmann mine and is optimistic about revenue diversification from its low sulfur product [63] Management's Comments on Operating Environment and Future Outlook - Management noted weak domestic demand for coal due to warm winter weather impacting power generation, but remains optimistic about export opportunities [10] - The company expects to achieve its sales volume guidance of 25 million to 27 million tons for 2023 despite domestic demand challenges [28] - Management expressed confidence in the long-term viability of coal-fired generation and the potential for increased electricity demand [71][93] Other Important Information - The company fully retired its term loan B and redeemed $25 million of second lien notes, reducing gross debt to approximately $200 million [56][55] - S&P Global Ratings upgraded the company's credit rating to B+ with a stable outlook, reflecting an improved credit profile [55] Q&A Session Summary Question: What is the pricing environment for domestic and export markets? - Management indicated that pricing for contracted volumes is in the mid-60s, with expectations for continued demand in the export market [68] Question: How much coal has been pivoted to the export market this year? - Approximately 3 million tons have been shifted from domestic to export markets due to slow domestic customer uptake [74] Question: What is the outlook for electricity demand and regulations? - Management believes electricity demand will increase in the coming years, and they are monitoring proposed regulations closely [78][93] Question: What is the potential for export volumes in the future? - Management sees the potential to export up to 18 million tons in the next couple of years, with terminal capacity supporting this growth [84] Question: How is the company managing its contract book for 2024? - The company has 11 million tons contracted for 2024, with expectations for additional domestic RFPs in the fall [81][95]