CONSOL Energy announces results for 2019
Published by Jessica Casey,
Editor
World Coal,
CONSOL Energy has recently released its report of the financial and operating results for the period ended 31 December 2019.
4Q19 and full year 2019 highlights include:
- GAAP net income of US$17.4 million and US$93.6 million for 4Q19 and 2019, respectively.
- 2019 total GAAP dilutive earnings per share of US$2.81.
- Adjusted net income of US$17.4 million and US$112.7 million for 4Q19 and 2019, respectively.
- 2019 adjusted dilutive earnings per share of US$3.52.
- Adjusted EBITDA of US$92.1 million and US$405.9 million for 4Q19 and 2019, respectively.
- Coal sales volume of 27.3 million t, which is the second strongest year ever for the Pennsylvania Mining Complex (PAMC).
- Annual revenue record at the CONSOL Marine Terminal (CMT).
- Harvey Mine achieved annual production record of 5.02 million t.
- 2019 cash provided by operating activities of US$244.6 million.
- 2019 organic free cash flow net to CEIX shareholders of US$52.6 million, including US$80.3 million adverse working capital changes.
- Net payments on total debt of US$25.7 and US$183.9 million for 4Q19 and 2019, respectively.
- Total net leverage ratio of 1.9x on 31 Decmeber 2019 per bank method.
Read the article online at: https://www.worldcoal.com/coal/12022020/consol-energy-announces-results-for-2019/
You might also like
Coal exit and workforce shortages keep short-term Australian power prices high
Cornwall Insight has reported that the ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects is poised to push Australian electricity prices higher until 2030.