CONSOL Energy Q2 2022 Earnings Report
Key Takeaways
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.
CONSOL Energy
CONSOL Energy
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.