NYSE$CNR

Core Natural Resources Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Delivered a strong operational and financial performance, normalized operations, and finished the year with 23.9 million tons of production.

CONSOL Energy Inc. reported strong financial and operating results for Q4 2021, with normalized operations and 23.9 million tons of production despite transportation delays. The company generated $186 million in free cash flow and added approximately $100 million of unrestricted cash and cash equivalents to its balance sheet. CEIX made payments of more than $100 million toward its legacy debt outstanding, while additionally raising $75 million in tax-exempt bonds.

  • Reduced total debt outstanding by $30.8 million during 4Q21
  • Sales team sold 5.6 million tons of coal during the fourth quarter of 2021 at an average revenue per ton of $51.27.
  • PAMC produced 5.6 million tons in 4Q21.
  • Throughput volumes at the CMT were 3.1 million tons for the fourth quarter of 2021.

Headline financials

Total Revenue

$481M

Previous: $325M+48.1%
EPS (adj)

$3.30

Previous: $0.49+573.5%
Capital Expenditures

$29.4M

Previous: $20M+46.8%
Free Cash Flow

$0.00

Previous: $46.9M-100.0%
Net Income

$0.00

Previous: -$1.00+100.0%
Operating Income

$0.00

Previous: -$1.00+100.0%
Gross Profit

$247M

Previous: $193M+27.9%
Cash & Equivalents

$0.00

Previous: $51M-100.0%
Total Assets

$2.57B

Previous: $2.52B+2.0%
Stock-Based Comp

$2.03M

Previous: $2.12M-4.3%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$481M

Q4 2021+48.1%vs Q4 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Based on our current contracted position, estimated prices and production plans, we are providing the following financial and operating performance guidance for 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 Q4 2021

Historical avgQ4 2021

+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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