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Jun 30, 2021
CONSOL Energy Q2 2021 Earnings Report
Reported strong performance with significant free cash flow and increased unrestricted cash position.
Key Takeaways
CONSOL Energy Inc. reported a strong second quarter in 2021, marked by significant free cash flow generation, an increase in unrestricted cash, and robust customer demand, particularly in export markets. The company is also recommencing the Itmann Metallurgical Coal Project.
Net cash provided by operating activities was $94.6 million.
Free cash flow was $54.4 million.
Cash and cash equivalents totaled $146.7 million, with an additional $53.5 million in restricted cash as of June 30, 2021.
Approximately 55% of total sales volume was sold internationally.
CONSOL Energy
CONSOL Energy
Forward Guidance
CONSOL Energy provided updated financial and operating performance guidance for 2021, based on current contracted positions, estimated prices, and production plans.