CONSOL Energy Inc

Latest Results (20.05.2026):

CONSOL Energy Inc. reported results for the Third Quarter 2024 (three months ended September 30, 2024) showing solid cash generation and profitability: GAAP net income of $95.6 million (GAAP dilutive EPS $3.22), adjusted EBITDA of $179.2 million, free cash flow of $121.8 million, and a $0.25/share dividend; the planned merger with Arch Resources remains on track to close by the end of 1Q25.

Earnings & EPS

GAAP net income of $95.6 million and GAAP dilutive earnings per share of $3.22 for Third Quarter 2024.

Adjusted EBITDA & Free Cash Flow

Quarterly adjusted EBITDA of $179.2 million; net cash provided by operating activities $161.3 million; quarterly free cash flow $121.8 million.

Total Revenue & Cash Position

Total revenue and other income of $574.9 million. Cash and cash equivalents rose by about $116 million since June 30, 2024 to $369.6 million at September 30, 2024.

Pennsylvania Mining Complex (PAMC)

PAMC produced 7.2 million tons and sold 6.8 million tons in 3Q24, generating PAMC coal revenue of $439.7 million (average coal revenue per ton sold $64.28). Average cash cost of coal sold per ton was $35.85, yielding an average cash margin per ton of $28.43.

CONSOL Marine Terminal (CMT)

CMT throughput was 4.7 million tons in 3Q24. Terminal revenues were $23.7 million; CMT net income $13.0 million and CMT adjusted EBITDA $15.9 million. CMT operating cash costs were $6.9 million.

Itmann Mining Complex

Itmann sold 152 thousand tons in 3Q24; production was constrained by supply chain delays and geological conditions, though additional continuous miners are expected before year-end to increase capacity.

Shareholder Returns

Board authorized a dividend of $0.25 per share (approximately $7.3 million aggregate), payable November 26, 2024 to shareholders of record as of November 15, 2024.

Merger Progress

Merger with Arch Resources continues to progress: final regulatory clearances obtained in Brazil, Poland and China; Hart‑Scott‑Rodino waiting period expired October 11; closing still anticipated by end of 1Q25.

2024 Guidance

Full-year 2024 guidance: PAMC coal sales 25.0–26.0 million tons; PAMC average coal revenue/ton $64.50–$66.00; PAMC average cash cost/ton $37.50–$38.50; IMC coal sales 600–800 thousand tons; total capital expenditures $165–190 million.

Liability & Insurance Updates

CONSOL and PADEP finalized a Water Treatment Trust Fund to address 22 legacy water-treatment sites (minimum $2 million annual contribution). A formal business interruption insurance claim related to the Francis Scott Key Bridge impact was submitted in mid‑October, with hoped-for settlement by year-end.

Safety

Bailey and Itmann preparation plants each recorded zero employee recordable incidents in 3Q24; the year‑to‑date employee total recordable incident rate for the coal mining segment remains well below the national average for underground bituminous mines.