CONSOL ENERGY Reports 4Q FY2022 Earnings Results for Period Ending February 7, 2023
February 25, 2023
Earnings Overview
CONSOL ENERGY ($NYSE:CEIX) reported total revenue of USD 193.0 million and net income of USD 608.9 million for the fourth quarter of FY2022, which ended on February 7, 2023. This marks an increase of 64.5% and 81.7%, respectively, compared to the same period in the prior year.
Transcripts Simplified
CONSOL ENERGY made considerable progress on their stated financial priorities in 4Q ’22, generating $116 million of free cash flow and reducing net debt by 86% since going public. They redeployed 70% of their free cash flow towards reducing gross debt levels, and have issued a dividend of $1.10 per share and restarted their share repurchase program since December. Management has increased their enhanced shareholder return program effective immediately.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Consol Energy. More…
| Total Revenues | Net Income | Net Margin |
| 2.28k | 466.98 | 28.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Consol Energy. More…
| Operations | Investing | Financing |
| 650.99 | -142.18 | -380.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Consol Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.7k | 1.54k | 33.55 |
Key Ratios Snapshot
Some of the financial key ratios for Consol Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.3% | 77.6% | 27.2% |
| FCF Margin | ROE | ROA |
| 21.0% | 37.3% | 14.4% |
Share Price
On Tuesday, CONSOL ENERGY stock opened at $60.5 and closed at $62.4, representing a 7.1% increase from its prior closing price of 58.3. This news followed the company’s announcement of their 4Q FY2022 earnings results for the period ending February 7, 2023. These results were better than expected and showed that the company had managed to increase their profits over the course of the financial year, despite the global economic crisis. The strong earnings results can be attributed to the company’s focus on operational efficiency and cost control measures.
Additionally, CONSOL ENERGY has managed to increase their exports of coal, gasoline and oil products, resulting in a rise in revenues. This increased focus on exports has allowed the company to remain profitable in a difficult market. Overall, CONSOL ENERGY’s 4Q FY2022 earnings results show that the company is well positioned to maintain its strong performance into the coming year. With their focus on operational efficiency and exports, CONSOL ENERGY is well-positioned to take advantage of potential growth opportunities in the industry. Live Quote…
Analysis
At GoodWhale, we conducted an analysis of CONSOL ENERGY‘s wellbeing. Our Star Chart revealed that CONSOL ENERGY had a high health score of 9/10 with regard to its cashflows and debt, indicating that the company is capable of paying off debt and funding future operations. Furthermore, CONSOL ENERGY was classified as a ‘gorilla’, meaning that it had achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes CONSOL ENERGY an attractive option for investors. Such investors may be interested in its growth potential, profitability, and medium asset holdings, as well as its dividend payments. More…
Peers
The company’s competitors include PT Prima Andalan Mandiri Tbk, NACCO Industries Inc, and PT Delta Dunia Makmur Tbk.
– PT Prima Andalan Mandiri Tbk ($IDX:MCOL)
In 2022, PT Prima Andalan Mandiri Tbk had a market capitalization of 25.6 trillion rupiah and a return on equity of 66.4%. The company is a leading Indonesian provider of integrated logistics solutions. It offers a wide range of services, including transportation, warehousing, and distribution. The company has a strong focus on customer service and has a reputation for reliability and efficiency.
– NACCO Industries Inc ($NYSE:NC)
NACCO Industries, Inc. is a holding company, which engages in the mining, and consumer and industrial products businesses. It operates through the following segments: Mining, Consumer Products, and Industrial Products. The Mining segment comprises of coal mining operations. The Consumer Products segment consists of small appliances, specialty housewares, and gourmet cookware. The Industrial Products segment covers material handling products and other industrial equipment. The company was founded by Sherman Conger in 1919 and is headquartered in Cleveland, OH.
– PT Delta Dunia Makmur Tbk ($IDX:DOID)
Delta Dunia Makmur Tbk has a market cap of 3.18T as of 2022, a Return on Equity of 26.49%. The company is a leading provider of coal mining services in Indonesia. It is the largest producer of thermal coal in Indonesia and supplies coal to power plants and industrial customers in Indonesia and abroad.
Summary
Investors reacted positively to CONSOL ENERGY‘s fourth quarter earnings report for FY2022, with the stock price increasing on the news. Total revenue increased 64.5% from the same period in the prior year to USD 193.0 million, while Net income grew 81.7% to USD 608.9 million. This strong performance indicates that the company is on a solid footing and is continuing to expand its business operations. With increasing demand for the company’s products and services, investors are optimistic that CONSOL ENERGY can continue to generate strong returns in the near future.
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