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 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-eps-surprise-chart | CONSOL Coal Resources LP Quote
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.
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.
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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