earnings
confidence high
sentiment positive
materiality 0.80
CEIX Q2 net income $126.3M, special dividend $1.00, launches 35% FCF return program
Core Natural Resources, Inc.
2022-Q2 EPS reported
$3.42
revenue$903,148,000
- GAAP net income $126.3M; quarterly adjusted EBITDA $216.3M; free cash flow $159.9M.
- Special dividend of $1.00/share payable Aug 24, 2022; new shareholder return program targets ~35% of quarterly FCF.
- PAMC shipped 6.2M tons at avg realized coal revenue $72.18/ton (vs $44.02 year ago); avg cash cost $34.81/ton.
- Debt repayments $115.9M in Q2, net leverage ratio drops to 0.5x; revolver refinanced to $260M through July 2026.
- FY 2022 guidance: PAMC coal sales 24-25M tons; avg realized coal revenue $64-$67; capex $160-$185M.