earnings
confidence high
sentiment neutral
materiality 0.70
CONSOL Energy Q2 net income $58.1M; PAMC sales volume hit by Baltimore bridge collapse
Core Natural Resources, Inc.
2024-Q2 EPS reported
$5.35
revenue$1,066,165,000
- GAAP net income $58.1M ($1.96 EPS); adjusted EBITDA $124.5M.
- Total revenue $501.1M; PAMC coal revenue $384.4M at $66.83/ton vs $81.27/ton YoY.
- PAMC sold 5.8M tons (down from 6.4M) due to FSK Bridge collapse halting CMT for ~2 months.
- FY2024 guidance: PAMC sales 24.5-26.0M tons, avg revenue $63.50-$66.50, cash cost $37.50-$39.50.
- Share repurchases: $13M in April; 6.1M shares repurchased since Dec 2022 at $77.14 avg (18% of float).