NYSE$CNR
Core Natural Resources Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong operational performance despite timing related headwinds.
CONSOL Energy Inc. reported a GAAP net income of $101.9 million and GAAP dilutive earnings per share of $3.39 for the first quarter of 2024. Despite facing challenges such as longwall moves and the Francis Scott Key Bridge collapse, the company showed resilience with a strong operational performance and commitment to shareholder returns, allocating 89% of its free cash flow to stock repurchases.
- GAAP net income was $101.9 million, with GAAP dilutive earnings per share at $3.39.
- Adjusted EBITDA stood at $181.8 million.
- Free cash flow was $41.3 million, impacted by working capital changes.
- 89% of the quarter's free cash flow was used to repurchase shares.
Headline financials
Revenue & EPS history
CONSOL Energy · Revenue · Quarterly
$565M
Forward guidance
CONSOL Energy provided its financial and operating performance guidance for the full fiscal year 2024, considering the impacts of the Francis Scott Key Bridge collapse.
Tailwinds
- PAMC coal sales volume of 24.0-26.0 million tons
- PAMC average coal revenue per ton sold expectation of $62.50-$66.50
- PAMC average cash cost of coal sold per ton expectation of $37.50-$39.50
- Itmann Mining Complex coal sales volume of 700-900 thousand tons
- Total capital expenditures: $155-$180 million
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 2024
+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
| Quarter | Report date | Reaction (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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