CONSOL Energy (US:CEIX)2022-05-03 19:03Financial Performance & Liquidity - CONSOL Energy reported a first quarter 2022 free cash flow of $118 million, representing 63% of the full year 2021 figure[5] - The company's first quarter 2022 adjusted EBITDA reached $169 million[5] - CONSOL Energy reduced its consolidated net indebtedness by $107 million since year-end 2021[6] - The net leverage ratio decreased to 099x, a notable improvement from 149x at the end of 2021[6] - Total CEIX Liquidity stood at $459 million as of March 31, 2022[6] Operational Highlights & Guidance - Pennsylvania Mining Complex (PAMC) shipments increased to 65 million tons, with volumes near-fully contracted for 2022 and 163 million tons contracted for 2023[5] - The company is raising its average realized revenue per ton sold range to $5800-$6100 per ton for 2022[5] - The Itmann growth project remains on track, with start-up expected in the second half of 2022; the project has an estimated capacity of 900,000+ tons per year[5, 14] Debt Management - CONSOL Energy made debt repayments, excluding premiums, of nearly $39 million in the first quarter of 2022, including $25 million of second lien notes[6] - An additional discretionary payment of $25 million was made toward the Term Loan B in April[6]