NYSE$CNR

Core Natural Resources Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial and operating results with strong free cash flow and strategic contracting.

CONSOL Energy reported a solid third quarter, generating $107 million in free cash flow despite operational challenges and a planned maintenance shutdown. The company retired a significant amount of outstanding debt and returned $35 million to shareholders during the quarter. They also secured an additional 6.0 million tons of new business for delivery through 2026.

  • Generated $107 million in free cash flow.
  • Commissioned Itmann preparation plant in late September.
  • Contracted an additional 6.0 million tons of new business for delivery through 2026.
  • Targeting operation of the fifth longwall at the Pennsylvania Mining Complex by the end of the fourth quarter.

Headline financials

Total Revenue

$562M

Previous: $149M+276.9%
EPS (adj)

$4.25

Previous: -$0.20+2225.0%
Adjusted EBITDA

$181M

No prior period
Capital Expenditures

-$58.4M

Previous: -$45.9M-27.3%
Free Cash Flow

$93.7M

Previous: -$160M+158.7%
Net Income

$152M

Previous: -$114M+233.7%
Operating Income

$335M

Previous: -$53M+731.3%
Gross Profit

$332M

Previous: -$40.1M+928.5%
Cash & Equivalents

$269M

Previous: $162M+66.0%
Total Assets

$2.72B

Previous: $2.59B+5.1%
Stock-Based Comp

$1.22M

Previous: $1.89M-35.2%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$562M

Q3 2022+276.9%vs Q3 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Based on the current contracted position, estimated prices and production plans, the company provided financial and operating performance guidance for the 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 Q3 2022

Historical avgQ3 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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