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Sep 30, 2023
CONSOL Energy Q3 2023 Earnings Report
CONSOL Energy reported GAAP net income and dilutive earnings per share, generated adjusted EBITDA, and returned a significant portion of free cash flow to shareholders via stock repurchases.
Key Takeaways
CONSOL Energy Inc. reported a GAAP net income of $100.7 million and GAAP dilutive earnings per share of $3.11 for the third quarter of 2023. The company generated $185.5 million in adjusted EBITDA and $120.4 million in free cash flow. A significant portion of the free cash flow, 77%, was returned to shareholders through stock repurchases.
GAAP net income of $100.7 million and GAAP dilutive earnings per share of $3.11.
Adjusted EBITDA of $185.5 million.
Total revenue and other income of $569.9 million.
Free cash flow of $120.4 million, with 77% returned to shareholders via stock repurchases.
CONSOL Energy
CONSOL Energy
Forward Guidance
CONSOL Energy provided financial and operating performance guidance for the full fiscal year 2023 based on its current contracted position, estimated prices, and production plans.
Positive Outlook
- 2023 targeted PAMC coal sales volume of 25.5-26.5 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 300-400 thousand tons
- Capital expenditures: $160-$175 million