CONSOL Energy Q3 2022 Earnings Report
Key Takeaways
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.
CONSOL Energy
CONSOL Energy
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.