Consol Energy reports Q4 EPS $5.05, consensus $4.89

Reports Q4 revenue $649.44M, consensus $608.9M. “During the fourth quarter of 2023, we delivered a strong operational performance to close out our third consecutive year of production and sales volume growth for CONSOL Energy,” said Jimmy Brock, CEO of Consol Energy. “More importantly, we generated over $1 billion dollars in adjusted EBITDA1 and $687 million in free cash flow1 during 2023. The majority of this free cash flow1 was deployed toward returning value to our shareholders. We repurchased more than 5 million shares of our common stock, paid out $75 million in dividends, and made debt repayments of approximately $190 million during the year, which fully retired our Term Loan B and Second Lien Notes. We executed a significant shift in our coal sales mix toward the export market, which led to record annual throughput volume and revenue at our CONSOL Marine Terminal and 70% of our total recurring revenues and other income1 came from export sales. Looking forward, we expect improving contributions from our Itmann Mining Complex as it moves beyond its mains development and we are able to grow third-party coal sales processed through our preparation plant.”