Freedom is driven by determination
Freedom is driven by determination
Freedom is driven by determination
CONSOL Energy Announces Results for the Fourth Quarter and Full Year 2019
Fourth Quarter 2019 and Full Year 2019 Highlights Include:
- GAAP net income of $17.4 million and $93.6 million for 4Q19 and 2019, respectively;
- 2019 total GAAP dilutive earnings per share of $2.81;
- Adjusted net income1 of $17.4 million and $112.7 million for 4Q19 and 2019, respectively;
- 2019 adjusted dilutive earnings per share1 of $3.52;
- Adjusted EBITDA1 of $92.1 million and $405.9 million for 4Q19 and 2019, respectively;
- Coal sales volume of 27.3 million tons is the second strongest year ever for the Pennsylvania Mining Complex (PAMC);
- Annual revenue record at the CONSOL Marine Terminal (CMT);
- Harvey Mine achieved annual production record of 5.02 million tons;
- 2019 cash provided by operating activities of $244.6 million;
- 2019 organic free cash flow net to CEIX shareholders1 of $52.6 million, including $80.3 million adverse working capital changes;
- Net payments on total debt of $25.7 and $183.9 million for 4Q19 and 2019, respectively; and
- Total net leverage ratio1 of 1.9x on 12/31/2019 per bank method.