Welcome to our dedicated page for CONSOL Energy news (Ticker: CEIX), a resource for investors and traders seeking the latest updates and insights on CONSOL Energy stock.
CONSOL Energy Inc. (NYSE: CEIX) is a Canonsburg, Pennsylvania-based producer and exporter of high-BTU bituminous thermal and crossover metallurgical coal. The company owns and operates some of the most productive longwall mining operations in the Northern Appalachian Basin. Its flagship operation, the Pennsylvania Mining Complex, includes three large-scale underground mines: Bailey, Enlow Fork, and Harvey. This complex has the capacity to produce approximately 28.5 million tons of coal per year.
In addition to its mining operations, CONSOL Energy operates the CONSOL Marine Terminal located in the port of Baltimore, which has a throughput capacity of approximately 15 million tons per year. The company controls roughly 767 million reserve tons of coal at the Pennsylvania Mining Complex and another 1.6 billion tons of greenfield thermal and metallurgical coal reserves throughout the Eastern United States.
Recently, CONSOL Energy has seen significant financial achievements. In the third quarter of 2023, the company generated $120 million in free cash flow, deployed towards strengthening its balance sheet and repurchasing 1 million shares of its common stock. Year-to-date, the company generated $639 million in net cash provided by operating activities and over $500 million in free cash flow.
The company continues to pivot into export markets, with the majority of its revenue generated from seaborne markets and non-power generation industries. In nine months of 2023, its Marine Terminal achieved a throughput level of 14.2 million tons. The company has secured significant forward contracts for 2024 and 2025.
CONSOL Energy is also committed to safety, with several of its operations reporting zero employee recordable incidents year-to-date in 2023. The company's total recordable incident rate is 40% below the national average for underground bituminous coal mines.
The company has faced challenges, such as the collapse of the Francis Scott Key Bridge in Baltimore, which affected shipments from its Marine Terminal. However, operations resumed with limitations as of May 2024. Despite these challenges, CONSOL Energy remains a key player in the coal industry, leveraging its extensive reserves and operational efficiency.
For more detailed financial information and updates, visit the CONSOL Energy website.
CONSOL Energy reported Q1 2022 financial results with a net loss of ($4.5M), but adjusted net income of $72M. The company's quarterly adjusted EBITDA reached $169.2M and free cash flow amounted to $118M. Coal shipments improved to 6.5 million tons, and the 2023 contracted position rose to 16.3 million tons. Despite challenges, the Pennsylvania Mining Complex showed strong operating performance and zero employee incidents reported. The Itmann project remains on schedule, with startup expected in 2H 2022.
CONSOL Energy Inc. (NYSE: CEIX) will release its first quarter earnings on May 3, 2022, before the market opens. A conference call will follow at 11:00 a.m. ET, accessible via a live webcast on the company's Investor Relations page. CONSOL specializes in high-Btu bituminous thermal and metallurgical coal production, operating major mining operations in the Northern Appalachian Basin and developing the Itmann project in the Central Appalachian Basin. Their flagship Pennsylvania Mining Complex can produce approximately 28.5 million tons of coal annually.
CONSOL Energy reported strong financial results for Q4 and FY 2021. The company achieved a GAAP net income of $117.3 million in Q4, with an adjusted EBITDA of $120.6 million. For the full year, GAAP net income was $34.1 million and adjusted EBITDA reached $378.2 million. Coal shipments totaled 5.6 million tons in Q4, contributing to annual shipments of 23.7 million tons. The firm reduced total debt by $30.8 million in Q4 and expects robust performance with nearly fully contracted coal sales for 2022 and beyond, amid a significant increase in average revenue per ton.
CONSOL Energy Inc. (NYSE: CEIX) will release its fourth quarter earnings on February 8, 2022, prior to market opening. A conference call will follow at 11:00 a.m. ET, accessible via a live webcast on the company's website. CONSOL specializes in high-Btu bituminous thermal and metallurgical coal, operating the Pennsylvania Mining Complex with a production capacity of 28.5 million tons annually. The company also oversees the CONSOL Marine Terminal in Baltimore, capable of handling 15 million tons annually. Its coal reserves exceed 658 million tons in Pennsylvania and 21 million tons for the Itmann project.
On November 2, 2021, CONSOL Energy Inc. (CEIX) announced its financial results for Q3 2021, reporting a GAAP net loss of $113.8 million. This includes $147.3 million in unrealized mark-to-market losses. Adjusted EBITDA was $66.6 million, and the company generated $34.8 million in free cash flow. Coal shipments reached 5.4 million tons with an average revenue per ton of $47.46. Cash and cash equivalents totaled $162.0 million. Debt was reduced by $18.4 million. The company also set ambitious greenhouse gas emissions targets for 2026 and 2040.
CONSOL Energy Inc. (NYSE: CEIX) has announced ambitious targets as part of its Forward Progress sustainability initiative, aiming to reduce direct operating greenhouse gas emissions by 50% by 2026, compared to 2019 levels. The company also aims for net-zero emissions by 2040. Key strategies include enhancing operational efficiency, expanding a methane destruction program, and developing innovative technologies. CEO Jimmy Brock emphasized the alignment of these goals with the company’s commitment to ESG principles and sustainable value creation.
CONSOL Energy Inc. (NYSE: CEIX) will announce its third-quarter earnings before the market opens on November 2, 2021. Following the release, management will host a conference call at 11:00 a.m. ET, accessible via a live webcast on the company's website. CONSOL, based in Canonsburg, Pennsylvania, is a leading producer of thermal and metallurgical coal, operating the Pennsylvania Mining Complex with a production capacity of 28.5 million tons annually. The company also controls approximately 1.5 billion tons of coal reserves across major U.S. basins.
CONSOL Energy reported Q2 2021 financial results with a GAAP net income of $4.2 million, including $20.4 million in unrealized losses from commodity derivatives. Adjusted EBITDA was $84.4 million, with operating cash flow at $94.6 million. The company achieved coal shipments of 5.9 million tons, with 55% for export. The Itmann metallurgical coal project is set to recommence, aiding diversification. However, total costs rose to $291.9 million, reflecting a challenging operational environment.
CONSOL Energy Inc. (NYSE: CEIX) will release its second quarter earnings on August 3, 2021, before market open, followed by a conference call at 11:00 a.m. ET. Investors can access the live webcast via the company's 'Investor Relations' page. CONSOL is a leading producer of bituminous thermal and metallurgical coal, operating the Pennsylvania Mining Complex, which can produce approximately 28.5 million tons annually. The company also manages the CONSOL Marine Terminal in Baltimore with a capacity of 15 million tons per year.
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