NYSE$CNR

Core Natural Resources Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

CONSOL Energy reported financial results impacted by COVID-19 pandemic, but team's prompt response helped mitigate the financial impact.

CONSOL Energy's second quarter was significantly impacted by the COVID-19 pandemic, which led to reduced demand and operational challenges. However, the company responded quickly by aligning operations with demand, reducing discretionary spending, and successfully amending the credit agreement to provide additional financial flexibility.

  • Adjusted EBITDA of $34.2 million.
  • Organic free cash flow net to CEIX shareholders of ($24.0) million.
  • Contract buyout revenue of $30.1 million.
  • Successfully negotiated an amendment to credit agreement, providing covenant relaxation.

Headline financials

Total Revenue

$163M

Previous: $384M-57.7%
EPS (adj)

-$0.69

Previous: $1.56-144.2%
Capital Expenditures

-$19.3M

Previous: $83M-123.2%
Free Cash Flow

-$37.3M

Previous: $43.3M-186.1%
Net Income

-$18M

Previous: $43.3M-141.6%
Operating Income

$42.7M

Previous: $116M-63.0%
Gross Profit

$46.2M

Previous: $131M-64.7%
Cash & Equivalents

$33M

Previous: $156M-78.8%
Total Assets

$2.57B

Previous: $2.77B-7.2%
Stock-Based Comp

$2.24M

Previous: $2.93M-23.6%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$163M

Q2 2020-57.7%vs Q2 2019
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Due to the difficulty in forecasting the duration of the economic slowdown, our 2020 guidance remains suspended. Nonetheless, our team remains ready for and is looking forward to eventual demand recovery.

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 Q2 2020

Historical avgQ2 2020

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro