CONSOL ENERGY Reports Fourth Quarter of Fiscal Year 2022 Financial Results on December 31, 2022.
March 23, 2023
Earnings Overview
CONSOL ENERGY ($NYSE:CEIX) reported on February 7, 2023 that their total revenue for the fourth quarter of fiscal year 2022 (ending December 31, 2022) had increased by 64.5% compared to the same period a year prior, totaling USD 193.0 million. Additionally, their reported net income rose 81.7% to USD 608.9 million.
Transcripts Simplified
Consol Energy Inc. reduced their net debt by 86%, generated $116 million of free cash flow, made total debt repayments of $292 million, increased unrestricted cash balance to $273 million, issued a dividend of $1.10 per share, and restarted their share repurchase program. They have repurchased 124,000 shares of common stock for $8 million and increased their enhanced shareholder return program.
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% |
Stock Price
The stock opened at $60.5 and closed at $62.4, a 7.1% increase from the prior closing price of $58.3. This marked a significant increase in stock performance for the company and could be attributable to their strong financial results potential. The company plans to use a portion of their increased profits to focus on these future initiatives.
Overall, CONSOL Energy‘s fourth quarter financial results demonstrate the company’s commitment to growth and sustainability. It is anticipated that their financial momentum will continue as they continue to invest in their future operations. Live Quote…
Analysis
At GoodWhale, we strive to provide comprehensive analysis of a company’s financials, and CONSOL ENERGY is no exception. After thorough examination, we have assigned a Risk Rating of ‘Medium’ to this company. This means that there are a few risks associated with investing in CONSOL ENERGY but that these risks should be manageable. GoodWhale has identified two potential risk warnings in the income sheet and balance sheet of CONSOL ENERGY. We would encourage potential investors to register with us to gain further insight into these risks. With our detailed analysis, you can make an informed decision when it comes to investing in CONSOL ENERGY. More…
Peers
The company’s competitors include PT Prima Andalan Mandiri Tbk, NACCO Industries Inc, and PT Delta Dunia Makmur Tbk.
– PT Prima Andalan Mandiri Tbk ($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 in CONSOL ENERGY saw positive returns on December 31, 2022 when the company reported its financial results for the fourth quarter of fiscal year 2022 ending on February 7, 2023. Total revenue increased 64.5% year over year to USD 193.0 million, while reported net income rose 81.7% to USD 608.9 million. This resulted in a significant increase in stock price, making CONSOL ENERGY an attractive investment option. For investors looking for solid returns and a diversified portfolio, CONSOL ENERGY is a great choice.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
