NYSE$CNR

Core Natural Resources Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported robust financial and sales performances despite operational headwinds caused by the FSK Bridge collapse.

CONSOL Energy Inc. reported a net income of $58.1 million and free cash flow of $58.6 million for Q2 2024, despite facing operational challenges due to the FSK Bridge collapse. The company successfully sold 5.8 million PAMC tons and has deployed $71 million towards share repurchases year-to-date.

  • GAAP net income was $58.1 million, with GAAP dilutive earnings per share at $1.96.
  • Adjusted EBITDA was $124.5 million.
  • Net cash provided by operating activities totaled $116.3 million.
  • Free cash flow reached $58.6 million.

Headline financials

Total Revenue

$501M

Previous: $661M-24.2%
EPS

$1.96

Previous: $4.94-60.3%
Capital Expenditures

-$97.8M

Previous: -$42.3M-131.0%
Free Cash Flow

-$39.7M

Previous: $125M-131.7%
Net Income

$58.1M

Previous: $168M-65.4%
Operating Income

$199M

Previous: $365M-45.4%
Gross Profit

$213M

Previous: $384M-44.5%
Cash & Equivalents

$216M

Previous: $190M+14.0%
Total Assets

$2.71B

Previous: $2.68B+1.2%
Stock-Based Comp

$2.24M

Previous: $1.99M+12.2%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$501M

Q2 2024-24.2%vs Q2 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Based on current contracts, estimated prices, production plans, and the effect of the FSK Bridge collapse, CONSOL Energy provided financial and operating performance guidance for full fiscal year 2024.

Tailwinds

  • PAMC coal sales volume of 24.5-26.0 million tons.
  • PAMC average coal revenue per ton sold expectation of $63.50-$66.50.
  • PAMC average cash cost of coal sold per ton expectation of $37.50-$39.50.
  • IMC coal sales volume of 700-900 thousand tons.
  • Total capital expenditures of $165-$190 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 Q2 2024

Historical avgQ2 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

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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