2024-05-11 16:13:31 ET
Summary
- CONSOL Energy reported Q1 2024 results with adjusted EBITDA of $182M, down 13% from Q4 2023.
- The company sold 6.1Mt of coal in the last quarter but produced 6.5Mt due to shipping disruptions caused by the bridge collapse in Baltimore.
- CONSOL is working to secure alternative ports and expects the impact from the bridge collapse to be short-term.
Overview
CONSOL Energy ( CEIX ) is U.S. high-margin coal producer, that has a substantial percentage of its coal production sold on the export market. This is partly due to the higher quality coal, which has multiple use cases. ...
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Consol Energy Handling Recent Operational Challenges Well