CONSOL Energy Earnings: Here’s Why Investors Like These Results

CONSOL Energy Inc. (NYSE:CNX) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.64%.

CONSOL Energy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $0.31 in the year-earlier quarter.

Revenue: Decreased 16.35% to $1.22 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CONSOL Energy Inc. reported adjusted EPS loss of $0.03 per share. By that measure, the company missed the mean analyst estimate of $0.17. It beat the average revenue estimate of $1.21 billion.

Quoting Management: “The second quarter was challenging,” commented J. Brett Harvey, chairman and chief executive officer, “as we incurred the expense associated with the Blacksville mine fire and were not able to realize revenue from the mine’s planned sales. In addition, during the second quarter we exerted discipline in a weak Asian market environment, which resulted in overall lower sales volumes and shipments for the rest of the coal segment.”

Key Stats (on next page)…

Revenue decreased 5.66% from $1.29 billion in the previous quarter. EPS decreased to $-0.03 in the quarter versus EPS of $0.19 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.23 to a profit $0.17. For the current year, the average estimate has moved down from a profit of $0.97 to a profit of $0.78 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]