CONSOL Energy (CEIX) Beats Q1 Earnings And Revenue Estimates
Zacks Investment Research | May 04, 2018 08:06AM ET
CONSOL Energy Inc (NYSE:CNX).'s (NYSE:CEIX) first-quarter 2018 adjusted earnings per unit of $2.20 beat the Zacks Consensus Estimate of 79 cents by a whopping 178.5%. The bottom line also improved year over year by 49.7%.
Revenues
CONSOL Energy’s total revenues of $410.3 million beat the Zacks Consensus Estimate of $358 million by 14.6%. The top line also improved 10.2% year over year.
The primary driving factor was $6.18 higher average sales price per ton sold which was on account of improved revenue under the company's netback contracts, partially offset by a 0.2 million decrease in tons sold. The decrease in tons sold was due to weather-related challenges that affected rail and port logistics and limited further upside to shipment volumes.
Consol Energy Inc. Price and EPS Surprise
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