CONSOL Energy (US:CEIX)2021-02-09 17:57Financial Performance - CONSOL Energy's 4Q20 shipments increased to 59 million tons, compared to 45 million tons in 3Q20 and 23 million tons in 2Q20[5] - The company reported 4Q20 adjusted EBITDA of $96 million, marking the second consecutive quarter of significant recovery[5] - Free cash flow for 4Q20 was $48 million[5] - The net leverage ratio improved from 34x at 09/30/20 to 25x as of 12/31/20[5] Debt and Liquidity - Total consolidated indebtedness was reduced by $56 million in 2020, including reductions of $23 million in TLA, $3 million in TLB, and $54 million in 2nd lien debt[6] - Cash and cash equivalents improved to $51 million at 12/31/20 from $22 million at 9/30/20[6] - Total CEIX liquidity stood at $326 million as of 12/31/2020[8, 13] Legacy Liabilities and Pension Plan - Net reduction in legacy OPEB liability of $51 million compared to YE 2019 levels[7] - CEIX's Qualified Pension Plan was 99% funded as of 12/31/2020[7, 16] Share Performance - Since the announced merger with CCR on 10/23/20, the share price increased from $432 to $926 as of 2/4/2021[9]