CEIX Stock Recent News

The coal miner owns an export terminal in the Port of Baltimore.

Consol Energy has extremely cheap valuations both in absolute and relative terms (i.e., compared to its historical valuation level and the sector). However, because of the strong cash generation and massive share buybacks, CEIX's stock price has surged higher, and that could potentially indicate an unfavorable entry point. Yet, the multiples have actually remained flat despite the recent run-up in the stock price. Namely, it has been CEIX's improving cash generation profile explaining the positive returns.

CONSOL Energy Inc. (CEIX) Q4 2023 Earnings Call Transcript

CONSOL Energy has shifted towards the export market, with a focus on high-quality bituminous coal suitable for industrial and metallurgical uses. The company operates three mines in the Pennsylvania Mining Complex with reserves to support operations for over 20 years. CONSOL's Marine Terminal is a strategic asset that provides access to the export market and has generated consistent EBITDA.

CONSOL's stock has been on fire (+~55%) since I published my upgrade to Strong Buy in May, and I think there are more gains ahead. The Company continues to make healthy profits and buy back stock with 75%+ of its FCF, and commodities and coal may have just put in a significant low. CEIX has grown to one of my largest positions; I am holding all my shares and maintaining a Strong Buy rating.

The COP28 summit highlighted our society's awareness of climate change and how we should address it. Its core theme focused on how the global economy should transition away from fossil fuels and meet the goals of the Paris Agreement.

CANONSBURG, Pa. , Jan. 10, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) will issue its fourth quarter earnings release before the market opens on Tuesday, February 6, 2024.

David Einhorn's Greenlight Capital cut its stakes in its top two holdings, U.S. housebuilder Green Brick Partners and Pennsylvania coal miner Consol Energy , and instead plowed millions into gold in the third quarter, the New York hedge fund's 13-F filings show.

Famed hedge fund manager David Einhorn has issued a warning for investors, saying he is anticipating that stocks will decline in the coming months as crude oil prices reverse higher. Specifically, the CEO of Greenlight Capital said he is on a “buyer's strike” right now and waiting for the market to drop in coming months before buying stocks again.

CONSOL Energy Inc. (NYSE:CEIX ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Nathan Tucker - Director-Finance & Investor Relations Jimmy Brock - Chief Executive Officer Mitesh Thakkar - President & Chief Financial Officer Bob Braithwaite - Senior Vice President-Marketing & Sales Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Michael Dudas - Vertical Research Partners Operator Good morning and welcome to CONSOL Energy's Third Quarter 2023 Earnings Conference Call.