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Sep 30, 2024
CONSOL Energy Q3 2024 Earnings Report
CONSOL Energy reported robust financial and operational results despite challenges like a longwall move at the PAMC and a planned maintenance shutdown.
Key Takeaways
CONSOL Energy Inc. reported a net income of $95.6 million and total revenue of $574.9 million for the third quarter of 2024. The Pennsylvania Mining Complex (PAMC) produced 7.2 million tons, and the CONSOL Marine Terminal (CMT) shipped 4.7 million tons. The company announced a dividend of $0.25 per share.
GAAP net income was $95.6 million, with GAAP dilutive earnings per share at $3.22.
Adjusted EBITDA reached $179.2 million.
Net cash from operating activities totaled $161.3 million, with a free cash flow of $121.8 million.
The Pennsylvania Mining Complex (PAMC) achieved a production of 7.2 million tons.
Forward Guidance
CONSOL Energy provided financial and operating performance guidance for full fiscal year 2024.
Positive Outlook
- PAMC coal sales volume of 25.0-26.0 million tons
- PAMC average coal revenue per ton sold expectation of $64.50-$66.00
- IMC coal sales volume of 600-800 thousand tons
Historical Earnings Impact
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Avg. Return Before/After Earnings
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