NYSE$CNR

Core Natural Resources Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong first quarter results driven by solid operational performance and favorable market conditions.

CONSOL Energy reported a strong 1Q22 performance with significant free cash flow generation and increased unrestricted cash position. The company benefited from improved coal markets and recorded its highest quarterly terminal revenue at the CONSOL Marine Terminal.

  • Net income after adjusting for the impact of unrealized mark-to-market losses on commodity derivative instruments was $72.0 million.
  • Net cash provided by operating activities was $148.2 million.
  • Quarterly free cash flow was $118.0 million.
  • Cash and cash equivalents were $222.9 million plus $46.1 million in restricted cash as of March 31, 2022.

Headline financials

Total Revenue

$359M

Previous: $342M+4.8%
EPS (adj)

$2.08

Previous: $0.75+177.3%
Capital Expenditures

-$36.6M

Previous: -$13.8M-165.5%
Free Cash Flow

-$41.1M

Previous: $12.6M-426.0%
Net Income

-$4.45M

Previous: $26.4M-116.9%
Operating Income

$109M

Previous: $141M-22.8%
Gross Profit

$140M

Previous: $157M-10.9%
Cash & Equivalents

$223M

Previous: $91.2M+144.5%
Total Assets

$2.71B

Previous: $2.52B+7.7%
Stock-Based Comp

$4.2M

Previous: $1.51M+178.4%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$359M

Q1 2022+4.8%vs Q1 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Based on the current contracted position, estimated prices and production plans, CONSOL Energy provided financial and operating performance guidance for full fiscal year 2022.

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 2022

Historical avgQ1 2022

+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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