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CONSOL Coal (CCR) Earnings & Revenues Miss Estimates in Q1

Zacks Equity Research

CONSOL Coal Resources LP’s CCR first-quarter 2020 operating earnings of a penny per unit missed the Zacks Consensus Estimate of 7 cents by 85.7%. The bottom line also declined from the prior-year quarter’s earnings of 54 cents.

Revenues

Revenues of $67.3 million lagged the Zacks Consensus Estimate of $71 million by 5.5%. Total revenues also declined 21.7% from $86.1 million recorded in the year-ago quarter. The year-over-year decline was caused by lower contribution from its segments.

Highlights of the Release
 
CONSOL Coal’s first-quarter production amounted to 1.5 million tons, lower than 1.7 million in the year-ago quarter. The downside was due to reduced customer demand and a longwall move at Harvey mine.

Total costs in first-quarter 2019 were $62.7 million, down 11.5% from $70.9 million in the year-ago quarter.

CONSOL Coal Resources LP Price, Consensus and EPS Surprise

 

CONSOL Coal Resources LP Price, Consensus and EPS Surprise

CONSOL Coal Resources LP price-consensus-eps-surprise-chart | CONSOL Coal Resources LP Quote

 

Financial Update

As of Mar 31, 2020, the company’s cash was $0.2 million, down from $0.5 million on Dec 31, 2019.

Total long-term debt was $185.6 million as of Mar 31, 2020, up from $182.5 million on Dec 31, 2019.

Cash provided from operations during first-quarter 2020 was $16.7 million compared with $25.2 million in the year-ago quarter.

Other Releases

Arch Coal Inc. ARCH reported first-quarter 2020 operating loss of $1.67 per share, wider than the Zacks Consensus Estimate of a loss of $1.21.

Peabody Energy BTU reported quarterly loss of $1.23 per share in first-quarter 2020, wider than the Zacks Consensus Estimate of a loss of $0.92.

Evergy, Inc. EVRG delivered first-quarter 2020 operating earnings of 41 cents per share, which beat the Zacks Consensus Estimate by a penny.

Zacks Rank

CONSOL Coal currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Peabody Energy Corporation (BTU) : Free Stock Analysis Report
 
Arch Coal Inc (ARCH) : Free Stock Analysis Report
 
CONSOL Coal Resources LP (CCR) : Free Stock Analysis Report
 
Evergy Inc (EVRG) : Free Stock Analysis Report
 
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