NYSE$CNR

Core Natural Resources Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

CONSOL Energy reported strong Q2 2022 results driven by high coal demand and pricing, and initiated an enhanced shareholder return program.

CONSOL Energy Inc. reported a strong second quarter in 2022, with significant improvements in financial and operating performance. The company shipped 6.2 million tons from the Pennsylvania Mining Complex (PAMC) at a net realization above $72/ton, generated $159.9 million in free cash flow, and reduced debt by $116 million. They also announced an enhanced shareholder return program.

  • Achieved quarterly adjusted EBITDA of $216.3 million.
  • Generated quarterly free cash flow of $159.9 million.
  • Reduced net leverage ratio to 0.5x as of June 30, 2022.
  • Increased unrestricted cash position by nearly $40 million despite significant debt reduction.

Headline financials

Total Revenue

$545M

Previous: $287M+89.7%
EPS (adj)

$3.54

Previous: $0.12+2850.0%
Capital Expenditures

-$39.4M

Previous: -$43.7M+9.7%
Free Cash Flow

$86.9M

Previous: -$39.5M+320.0%
Net Income

$126M

Previous: $4.17M+2927.1%
Operating Income

$279M

Previous: $100M+178.5%
Gross Profit

$300M

Previous: $112M+167.5%
Cash & Equivalents

$262M

Previous: $147M+78.3%
Total Assets

$2.72B

Previous: $2.56B+6.4%
Stock-Based Comp

$1.27M

Previous: $1.21M+4.9%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$545M

Q2 2022+89.7%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

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

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 2022

Historical avgQ2 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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