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CANONSBURG, Pa. , May 21, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) reports that coal shipments to international markets began leaving its Marine Terminal in Baltimore last night.
Consol Energy: Short-Term Problems, Long-Term Value
CONSOL Energy Inc. (NYSE:CEIX ) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Nathan Tucker - Director, Finance and Investor Relations Jimmy Brock - Chief Executive Officer Mitesh Thakkar - President and CFO Bob Braithwaite - Senior Vice President, Marketing and Sales Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Operator Good morning, ladies and gentlemen.
Consol Energy (CEIX) came out with quarterly earnings of $3.39 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $6.55 per share a year ago.
Coal producer Consol Energy Inc. CEIX, -0.49% on Tuesday beat analysts' lowered expectations for its first-quarter profit after the collapse of the Francis Scott Key Bridge in Baltimore shuttered a terminal that will remain closed through May, the company said. Consol Energy said net income for the quarter fell to $101.9 million, or $3.39 a share, less than half the year-ago figure of $230.38 million, or $6.51 a share.
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CANONSBURG, Pa. , April 11, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CEIX) will issue its first quarter earnings release before the market opens on Tuesday, May 7, 2024.
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.