earnings
confidence high
sentiment positive
materiality 0.75
CEIX Q1 GAAP net loss $4.5M; adjusted net income $72M, adj. EBITDA $169M
Core Natural Resources, Inc.
2022-Q1 EPS reported
-$0.13
revenue$358,529,000
- GAAP net loss $4.5M; adjusted net income after unrealized MTM losses $72.0M; adjusted EBITDA $169.2M.
- Coal shipments 6.5M tons; avg realized revenue per ton $59.60 (up from $41.39); cash cost per ton $29.91 (up from $24.44).
- Free cash flow $118.0M; debt repayments $38.5M in Q1; net leverage ratio below 1.0x.
- FY2022 guidance: PAMC coal sales 23-25M tons, avg realized revenue $58-$61/ton, cash cost $29-$31/ton, capex $162-$195M.
- Itmann metallurgical coal project on track for 2H2022 start-up; prep plant 80% relocated to site.