earnings
confidence high
sentiment neutral
materiality 0.65
CONSOL Energy posts Q3 net loss of $113.8M on derivative losses; adj. EBITDA $66.6M
Core Natural Resources, Inc.
2021-Q3 EPS reported
-$2.42
revenue$778,322,000
- GAAP net loss $113.8M includes $147.3M pre-tax unrealized mark-to-market loss on derivatives.
- Adjusted EBITDA $66.6M; free cash flow $34.8M; reduced total debt by $18.4M during quarter.
- Coal shipments 5.4M tons at avg revenue $47.46/ton; avg cash cost $30.64/ton (up from $28.64).
- Updated 2021 guidance: coal sales 23.5-24.5M tons, cash cost $27.50-$28.50/ton, capex $150-170M.
- Resumed development of 5th longwall at Enlow Fork; expects operation in late 4Q22.