Q2 2024 CONSOL Energy Inc Earnings Call Transcript
Key Points
- CONSOL Energy Inc (CEIX) achieved strong financial and operational performance despite the nearly two-month closure of the Port of Baltimore.
- The company generated approximately $59 million of free cash flow in the quarter.
- Safety performance was commendable with zero employee recordable incidents at key facilities.
- CONSOL Energy Inc (CEIX) successfully managed reduced production schedules and maximized stockpile capacity.
- The company increased the bottom end of its average core revenue per ton sold range and sales volume guidance for 2024.
- Coal production at the Pennsylvania Mining Complex was lower compared to the prior year period.
- PMC average cash cost of coal sold per ton increased due to reduced fixed cost leverage.
- Sales from the Itmann Mining complex were impaired due to equipment delivery delays and the bridge collapse.
- Terminal revenues and adjusted EBITDA at the CMT were significantly lower compared to the prior year period.
- The company incurred incremental transportation costs of approximately $10 per ton due to the need to redirect shipments to an alternative port.
Good morning, ladies and gentlemen, and welcome to the consol energy CEIX. Second Quarter 2024 earnings conference call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. Any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, August 8th, 2024.
I would now like to turn the conference over to Nathan Tucker. Please go ahead.
Good morning, everyone, and thank you for joining us welcome to consolidate GE's Second Quarter 2024 earnings conference call. Any forward-looking statements or comments we make about future events are subject to risks, certain of which we have outlined in our press release and in our SEC filings and are considered forward-looking statements within the meaning of Section 21 E. of the Securities Exchange Act of 1934. We do not undertake any obligations of updating any forward looking statements for
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