NYSE$CNR

Core Natural Resources Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported strong financial and operational performance, generated free cash flow, and increased shareholder returns.

CONSOL Energy reported a strong Q4 2022, delivering solid operational and financial results. The company generated significant free cash flow, enabling debt reduction, shareholder returns, and an increased cash position. They also announced an increase to their enhanced shareholder return program.

  • GAAP net income was $193.0 million.
  • Adjusted EBITDA was $240.3 million.
  • Announced a dividend of $1.10/share based on Q4 2022 results.
  • Increased the planned shareholder return allocation to a range of 35-50% of free cash flow.

Headline financials

Total Revenue

$637M

Previous: $481M+32.6%
EPS (adj)

$5.39

Previous: $3.30+63.3%
Capital Expenditures

$37.1M

Previous: $29.4M+25.9%
Free Cash Flow

$116M

Previous: $0.00
Net Income

$193M

Previous: $0.00
Operating Income

$235M

Previous: $0.00
Gross Profit

$500M

Previous: $247M+102.2%
Cash & Equivalents

$273M

Previous: $0.00
Total Assets

$2.7B

Previous: $2.57B+5.1%
Stock-Based Comp

$1.2M

Previous: $2.03M-40.9%

Revenue & EPS history

CONSOL Energy · Revenue · Quarterly

$637M

Q4 2022+32.6%vs Q4 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

CONSOL Energy provided financial and operating performance guidance for the full fiscal year 2023 based on their current contracted position, estimated prices, and production plans.

Tailwinds

  • Targeted PAMC coal sales volume of 25.0-27.0 million tons.
  • PAMC average realized coal revenue per ton sold expectation of $78.00-$84.00.
  • PAMC average cash cost of coal sold per ton expectation of $34.00-$36.00.
  • Itmann Complex production volume of 400-600 thousand tons.
  • Capital expenditures: $160-$185 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 Q4 2022

Historical avgQ4 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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