CONSOL Coal (CCR) Q3 Earnings Meet Estimates, Revenues Miss
Zacks Investment Research | Nov 01, 2018 10:04PM ET
CONSOL Coal Resources (NYSE:CCR) third-quarter 2018 operating earnings of 31 cents per share came in line with the Zacks Consensus Estimate. The bottom line skyrocketed 342.8% from 7 cents per share in the prior-year quarter.
Revenues
Revenues of $75.3 million missed the Zacks Consensus Estimate of $79 million by 4.7%. Moreover, the top line declined 3.7% from $78.2 million in the year-ago period. Despite a higher Coal revenue contribution, the top line fell year over year due to lower contribution from Freight revenues and decline in Other Income.
Highlights of the Release
CONSOL Coal recorded third-quarter production of 1.6 million tons compared with 1.5 million tons produced in the year-ago quarter. The improvement was primarily due to increased production at the Enlow Fork mine.
Total costs were $66.7 million, down 10.6% from $74.7 million in the year-ago quarter. This was primarily due to lower operating costs, and selling, general and administration costs.
CONSOL Coal Resources LP Price, Consensus and EPS Surprise
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