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Dec 31, 2022
CONSOL Energy Q4 2022 Earnings Report
Reported strong financial and operational performance, generated free cash flow, and increased shareholder returns.
Key Takeaways
CONSOL Energy reported a strong Q4 2022, delivering solid operational and financial results. The company generated significant free cash flow, enabling debt reduction, shareholder returns, and an increased cash position. They also announced an increase to their enhanced shareholder return program.
GAAP net income was $193.0 million.
Adjusted EBITDA was $240.3 million.
Announced a dividend of $1.10/share based on Q4 2022 results.
Increased the planned shareholder return allocation to a range of 35-50% of free cash flow.
CONSOL Energy
CONSOL Energy
CONSOL Energy Revenue by Segment
Revenue by Segment
Terminal Revenue
CapyFin.com Forward Guidance
CONSOL Energy provided financial and operating performance guidance for the full fiscal year 2023 based on their current contracted position, estimated prices, and production plans.
Positive Outlook
- Targeted PAMC coal sales volume of 25.0-27.0 million tons.
- PAMC average realized coal revenue per ton sold expectation of $78.00-$84.00.
- PAMC average cash cost of coal sold per ton expectation of $34.00-$36.00.
- Itmann Complex production volume of 400-600 thousand tons.
- Capital expenditures: $160-$185 million.