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Jun 30, 2023
CONSOL Energy Q2 2023 Earnings Report
Reported strong financial and operating results, including record throughput volume at the CONSOL Marine Terminal and strategic sales shift into export and industrial markets.
Key Takeaways
CONSOL Energy Inc. reported strong results for Q2 2023, with a net income of $167.7 million and EPS of $4.94. The company achieved record throughput volume at the CONSOL Marine Terminal and continued its strategic sales shift into export and industrial markets. They also advanced multiple objectives through strong free cash flow.
GAAP net income of $167.7 million and GAAP dilutive earnings per share of $4.94.
Total revenue and other income of $661.0 million.
CONSOL Marine Terminal (CMT) achieved a record quarterly throughput volume of 5.4 million tons.
78% of recurring revenues and other income derived from export sales and 64% from non-power generation sales.
Forward Guidance
Based on the current contracted position, estimated prices and production plans, the following financial and operating performance guidance for full fiscal year 2023 is provided.
Positive Outlook
- 2023 targeted PAMC coal sales volume of 25.0-27.0 million tons.
- PAMC average realized coal revenue per ton sold expectation of $76.00-$80.00.
- PAMC average cash cost of coal sold per ton expectation of $34.00-$36.00.
- Itmann Mining Complex production volume of 400-500 thousand tons.
- Capital expenditures: $160-$185 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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