CONSOL Energy reports Q1 results

May 03, 2022 6:51 AM ETCONSOL Energy Inc. (CEIX)By: Gaurav Batavia, SA News Editor10 Comments
  • CONSOL Energy press release (NYSE:CEIX): Q1 net loss of $4.5M.
  • Coal shipments improve to 6.5 million tons
  • Net leverage ratio drops below 1.0x as of March 31, 2022.
  • FY22 Guidance:
  • 2022 targeted PAMC coal sales volume of 23.0-25.0 million tons
  • PAMC average realized coal revenue per ton sold expectation of $58.00-$61.00
  • PAMC average cash cost of coal sold per ton expectation of $29.00-$31.00
  • Capital expenditures (including Itmann development): $162-$195 million
  • Expect to produce between 0.3 and 0.5 million tons of coal at the Itmann Mine (on a clean coal equivalent basis) with the majority of it in 2H2022
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