NYSE$CNR

Core Natural Resources Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong finish to 2020 by producing and selling nearly 7.0 million tons and expanding cash margins.

CONSOL Energy Inc. reported strong first quarter 2021 results, with increased production and sales volume, driven by improved demand and export market growth. The company reduced its average cash cost of coal sold per ton and bolstered its balance sheet through debt reduction.

  • Quarterly adjusted EBITDA of $106.7 million.
  • Net cash provided by operating activities of $78.0 million.
  • Average cash cost of coal sold per ton of $24.44.
  • Export accounted for approximately 48% of our 1Q21 shipments

Headline financials

Total Revenue

$342M

Previous: $291M+17.5%
EPS (adj)

$0.75

Previous: $0.09+733.3%
Adjusted EBITDA

$107M

Previous: $62.9M+69.5%
Capital Expenditures

-$13.8M

Previous: $27.2M-150.8%
Free Cash Flow

$12.6M

Previous: $2.37M+432.5%
Net Income

$26.4M

Previous: $2.37M+1015.5%
Operating Income

$141M

Previous: $61.3M+130.4%
Gross Profit

$157M

Previous: $79M+98.8%
Cash & Equivalents

$91.2M

Previous: $78.2M+16.6%
Total Assets

$2.52B

Previous: $2.65B-5.0%
Stock-Based Comp

$1.51M

Previous: $5.01M-69.9%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$342M

Q1 2021+17.5%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Based on our current contracted position, estimated prices and production plans, we are providing the following financial and operating performance guidance for 2021

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.3%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+7.9%

Avg return

30 days after

45%

15 / 33 earnings

Positive

+24.7%

Q1 2018

Best reaction

-27.1%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-2.2%+6.2%
Q4 2025-2.8%-6.5%+6.7%
Q3 2025-3.5%-7.1%+3.2%
Q1 2025-10.1%-0.6%-10.9%
Q4 2024+5.4%-4.3%-5.6%
Q3 2024+17.6%+18.5%+15.4%
Q2 2024+8.6%+8.1%+3.3%
Q1 2024+2.7%+3.6%+19.6%
Q4 2023-8.7%-9.1%+3.3%
Q3 2023-5.6%-4.3%+4.4%
Q2 2023+14.6%+9.6%+25.0%
Q1 2023+1.1%+4.0%-8.0%
Q4 2022-5.0%-2.7%-0.7%
Q3 2022-0.3%+5.9%+15.7%
Q2 2022+7.5%+11.4%+26.2%
Q1 2022+8.8%+16.3%+22.1%
Q4 2021+20.6%+30.4%+49.6%
Q3 2021-15.5%-15.7%-23.1%
Q2 2021-1.8%+7.7%+17.9%
Q1 2021+21.1%+35.2%+70.3%
Q4 2020-3.5%+4.9%+13.4%
Q3 2020+7.4%+18.1%+52.4%
Q2 2020+8.3%+7.1%-13.1%
Q1 2020-1.8%-16.9%+23.7%
Q4 2019-27.1%-26.5%-53.2%
Q3 2019-6.7%-4.9%-8.2%
Q2 2019-5.0%-7.1%-13.2%
Q1 2019-3.9%-6.9%-16.6%
Q4 2018-4.3%-1.4%-3.0%
Q3 2018-4.1%+2.7%-13.8%
Q2 2018+7.6%+8.2%+3.2%
Q1 2018+24.7%+34.1%+45.8%
Q4 2017-4.0%-5.3%+1.4%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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