CONSOL Energy Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

CONSOL Energy (NYSE:CEIX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$574.9m (up 1.8% from 3Q 2023).
• Net income: US$95.6m (down 5.1% from 3Q 2023).
• Profit margin: 17% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$3.23.

All figures shown in the chart above are for the trailing 12 month (TTM) period

CONSOL Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 1.7%.

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.9%.

Performance of the American Oil and Gas industry.

The company's shares are up 2.9% from a week ago.

Risk Analysis

Be aware that CONSOL Energy is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...

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