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Dec 31, 2019
CONSOL Energy Q4 2019 Earnings Report
CONSOL Energy reported strong results for Q4 2019, driven by its contracting strategy and consistent operational performance, despite challenging market conditions.
Key Takeaways
CONSOL Energy Inc. reported financial and operating results for the fourth quarter ended December 31, 2019. The company achieved a GAAP net income of $17.4 million. Despite industry challenges, the PAMC maintained production and sales levels largely unchanged from the previous year, supported by a strong contracting strategy and well-capitalized asset base.
GAAP net income was $17.4 million.
Adjusted EBITDA was $92.1 million.
The PAMC produced 6.7 million tons of coal.
Net payments on total debt were $25.7 million.
CONSOL Energy
CONSOL Energy
CONSOL Energy Revenue by Segment
Revenue by Segment
Coal Revenue
CapyFin.comTerminal Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Based on the company's current contracted position, estimated prices, and production plans, the following financial and operating performance guidance for 2020 is provided:
Positive Outlook
- Coal sales volumes (100% PAMC) - 24.5-26.5 million tons
- Coal average revenue per ton sold - $43.00-$45.00
- Average cash cost of coal sold per ton - $30.00-$31.50
- CMT Adjusted EBITDA - $40-$45 million
- Adjusted EBITDA (incl. 100% PAMC) - $295-$335 million
Challenges Ahead
- Capital expenditures (incl. 100% PAMC) - $125-$145 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income