Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
CONSOL Energy (CEIX)
NYSE:CEIX
Holding CEIX?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.05Last Year’s EPS
$5.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -3.86%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong operational and financial performance, with record sales and production tonnage, and low cash costs. The company made progress in increasing its contracted position for the coming year, and there are positive signs in the domestic power market. However, challenges such as delays at the Itmann Mining Complex, high inventory levels, and lower per ton revenue were noted. The ongoing insurance claim from the bridge collapse also poses a concern. Despite these challenges, the positive aspects of the call suggest a strong overall performance.Company Guidance
During the CEIX Q3 2024 earnings call, guidance was provided on several key metrics. The Pennsylvania Mining Complex (PMC) recorded its highest-ever third-quarter sales and production tonnage at 7.2 million tons, up from 6.1 million tons in Q3 2023, with a reduced average cash cost of coal sold per ton of $35.85 compared to $38.36 in the previous year. Despite a slight sales decline at the Itmann Mining Complex to 152,000 tons due to equipment delays and geological challenges, the CONSOL Marine Terminal rebounded, shipping 4.7 million tons, generating $23.7 million in revenues, and achieving an adjusted EBITDA of $15.9 million. The company reported a net income of $96 million and an adjusted EBITDA of $179 million for the quarter. Looking forward, CEIX updated its 2024 guidance, raising the PMC average coal revenue per ton to $64.50-$66 and increasing the sales volume guidance to 25-26 million tons.Record Third Quarter Sales and Production Tonnage
PAMC achieved its highest ever third quarter sales and production tonnage level, reaching 7.2 million tons in Q3 '24 compared to 6.1 million tons in the prior year period.
Lowest Cash Cost of Coal Sold
PMC achieved its lowest cash cost of coal sold per ton level since Q1 2023, at $35.85 in Q3 '24 compared to $38.36 in Q3 '23.
Zero Employee Recordable Incidents
Bailey Preparation Plant and Itmann Preparation Plant each had zero employee recordable incidents during Q3 '24.
Strong Export Performance
CMT shipped 4.7 million tons during Q3 '24 compared to 4.3 million tons in the prior year quarter. Terminal revenues were $23.7 million with adjusted EBITDA of $15.9 million compared to $14.9 million in the prior year.
Strong Financial Performance
Achieved net income of $96 million, or $3.22 per diluted share, and adjusted EBITDA of $179 million. Generated $122 million of free cash flow in Q3 '24.
Increase in Contracted Position for 2025
Increased contracted position to approximately 18 million tons in 2025, with strong multiyear contracts in domestic and international markets.
Positive Developments in Domestic Power Market
PJM West power prices increased more than 20% in Q3 '24 compared to Q2 '24, with Northern Appalachian coal prices increasing by approximately 30%.
---
CEIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CEIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $107.85 | $113.40 | +5.15% |
| Aug 08, 2024 | $88.05 | $92.04 | +4.53% |
| May 07, 2024 | $83.11 | $86.13 | +3.63% |
| Feb 06, 2024 | $91.17 | $86.32 | -5.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does CONSOL Energy (CEIX) report earnings?
CONSOL Energy (CEIX) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is CONSOL Energy (CEIX) earnings time?
CONSOL Energy (CEIX) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CEIX EPS forecast?
CEIX EPS forecast for the fiscal quarter 2024 (Q4) is $3.05.
---