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Mar 31, 2020
CONSOL Energy Q1 2020 Earnings Report
CONSOL Energy reported results for the first quarter of 2020, facing challenges from reduced customer demand and operational adjustments.
Key Takeaways
CONSOL Energy's first quarter 2020 results showed a decrease in revenue and production compared to the previous year, influenced by the COVID-19 pandemic and a longwall move at the Harvey mine, although the company took steps to reduce costs and enhance liquidity.
GAAP net income was $2.5 million, with cash provided by operating activities at $51.4 million.
Total dilutive earnings per share reached $0.09.
The company repurchased $43.2 million of 2nd Lien debt and increased repurchase authorization to $270 million.
Total liquidity stood at $398 million, including $78 million in cash and cash equivalents.
CONSOL Energy
CONSOL Energy
CONSOL Energy Revenue by Segment
Revenue by Segment
Coal Revenue
CapyFin.comTerminal Revenue
CapyFin.com Forward Guidance
Due to the difficulty in forecasting the duration of this economic slowdown, our 2020 guidance remains suspended. Nonetheless, our team remains ready and is looking forward to eventual demand recovery.
Revenue & Expenses
Visualization of income flow from segment revenue to net income