CONSOL Energy Inc. (NYSE: CEIX) and CONSOL Coal Resources LP (NYSE: CCR) will each issue its first quarter earnings release before the market opens on Monday, May 11, 2020. These releases will be followed by a joint conference call hosted by members of the management team at 11:00 a.m. Eastern Time. A live webcast will be accessible on the 'Investor Relations' page of each website, www.consolenergy.com and www.ccrlp.com. An archive of the webcast will be available for at least 30 days after the event.
All businesses, including the ones in critical industries, have been taking measures: Keeping employees six feet apart, deep cleaning high-touch surfaces more regularly and making sure that sick workers stay home.
CONSOL Energy Inc. (NYSE: CEIX) and CONSOL Coal Resources LP (NYSE: CCR) provided the following operational update today:
CONSOL Energy Inc. (NYSE: CEIX) announced today that, due to the public health concerns associated with the ongoing coronavirus outbreak ("COVID-19") and to support the health and well-being of its stockholders and partners, the location of the 2020 Annual Meeting of Stockholders (the "Annual Meeting") of CONSOL Energy Inc. (the "Company") has been changed. The previously announced date and time of the Annual Meeting (May 8, 2020 at 8:00 a.m., Eastern Time) will not change. However, the Annual Meeting will be held solely by remote communication, in a virtual-only format, and stockholders will not be able to attend the Annual Meeting in person. As described in the proxy materials previously distributed in connection with the Annual Meeting, stockholders of record of our common stock as of the close of business on March 11, 2020, the record date (the "Record Date"), are entitled to participate in the Annual Meeting.
During the first quarter of 2020, CONSOL Energy Inc. (NYSE: CEIX) took several steps to reduce its outstanding indebtedness, enhance liquidity and supplement access to capital.
CONSOL Energy (CEIX) takes measures to cope with the unprecedented economic crisis created by the outbreak of COVID-19.
Consol is conducting a deep cleaning of the Bailey Mine during this two-week period and also working to see if other employees had any exposure to the virus.
Today, CONSOL Coal Resources LP (NYSE: CCR) (the "Partnership") reported financial and operating results for the quarter ended March 31, 2020.
Consol Energy (CEIX) delivered earnings and revenue surprises of -92.31% and -11.82%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
CONSOL Energy (CEIX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
The Board of Directors of CONSOL Coal Resources GP LLC, the general partner of CONSOL Coal Resources LP (NYSE: CCR), today announced a temporary suspension of quarterly cash distributions to all unitholders due to the ongoing uncertainty in the commodity markets driven by COVID-19 pandemic-related demand decline.
Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the period ended March 31, 2020.
All participants will be in a listen-only mode [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Any forward-looking statements or comments we make about future expectations are subject to some risks, which we've outlined in our press releases or in our SEC filings, and are considered forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934.
Shares of CONSOL Energy (NYSE:CEIX) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 92.56% year over year to $0.09, which may not compare to the estimate of $0.56.Revenue of $291,256,000 lower by 21.41% from the same period last year, which missed the estimate of $321,800,000.Guidance CONSOL Energy hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 11, 2020View more earnings on CEIXTime: 07:01 PM ETWebcast URL: https://www.webcaster4.com/Webcast/Page/1952/34357Price Action Company's 52-week high was at $33.90Company's 52-week low was at $3.35Price action over last quarter: Up 2.87%Company Overview CONSOL Energy Inc is a Canonsburg-based producer and exporter of high-BTU bituminous thermal coal. It owns and operates longwall mining operations in the nation and export terminals on the Eastern seaboard. The principal activity involves mining, preparation, and marketing of thermal coal, sold primarily to power generators. It also includes selling, general and administrative activities. It has its operations in Pennsylvania Mining Complex, Marine Terminal, and others.See more from Benzinga * CEVA: Q1 Earnings Insights * Apyx Medical: Q1 Earnings Insights * Recap: Contura Energy Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Moody's Investors Service, ("Moody's") downgraded long-term ratings for CONSOL Energy Inc., ("CONSOL") including the Corporate Family Rating ("CFR") to B2 from B1, based on expectations for deterioration in earnings and cash flow generation in 2020. "CONSOL Energy is moving aggressively to respond to a very challenging environment and preserve liquidity, but we expect financial performance will weaken and covenant compliance could be a challenge in the coming quarters," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for CONSOL Energy, Inc.
On the call with me today are Jimmy Brock, our Chief Executive Officer; Mitesh Thakkar, our Interim Chief Financial Officer; and Jim McCaffrey, our Chief Commercial Officer. In his prepared remarks, Jimmy will provide a recap of our key achievements during the first quarter of 2020, specific insights on marketing and operations, and our response to the COVID-19 pandemic.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Consol Energy Inc. is temporarily idling one of its mines in southwestern Pennsylvania. Enlow Fork, part of the vast underground mining complex Consol (NYSE: CEIX) owns in Greene and Washington counties, is being shut due to weakness in the coal markets due to COVID-19. "We will assess and monitor the ever-changing situation in the global marketplace and will evaluate options continuously, as we navigate through this pandemic," Consol said in a statement Tuesday.
Longview's coal-fired power plant is part of the PJM Interconnection and it's the low energy prices that helped lead to this step, the company said.
CONSOL Energy, Inc. (NYSE: CEIX) and CONSOL Coal Resources LP (NYSE: CCR) provided the following update regarding operations at the Bailey Mine and its response to positive COVID-19 cases: