CONSOL Energy Inc. reported a net income of $58.1 million and free cash flow of $58.6 million for Q2 2024, despite facing operational challenges due to the FSK Bridge collapse. The company successfully sold 5.8 million PAMC tons and has deployed $71 million towards share repurchases year-to-date.
GAAP net income was $58.1 million, with GAAP dilutive earnings per share at $1.96.
Adjusted EBITDA was $124.5 million.
Net cash provided by operating activities totaled $116.3 million.
Free cash flow reached $58.6 million.
Based on current contracts, estimated prices, production plans, and the effect of the FSK Bridge collapse, CONSOL Energy provided financial and operating performance guidance for full fiscal year 2024.
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