| CNX Coal Resources Q4 Earnings, Revenues Miss Estimates | |
| | |
|
Thermal coal producer CNX Coal Resources LP CNXC reported adjusted earnings of 37 cents per unit in the fourth quarter of 2015, missing the Zacks Consensus Estimate of 50 cents by 26%.
The lackluster performance was mainly due to an unusually warm start to winter. Again, low natural gas prices reduced the demand for coal for power generation, resulting in a significant inventory overbuild at coal plants. Revenue
CNX Coal’s total revenues decreased 31% year over year to $54.4 million. Revenues also lagged the Zacks Consensus Estimate of $60 million by 9.3%.
The decline in total revenues was primarily due to the depressed commodity price environment, which has taken its toll on the coal industry.
The quarterly sales volume at the Pennsylvania mining complex was 1.0 million tons, hit by a milder winter and reduced coal generation weighing on the timing of shipments.
Coal production declined 30.8% year over year to 0.9 million tons in the reported quarter to match market conditions.
Financial Update
As of Dec 31, 2015, the partnership had cash of $6.5 million.
Total long-term debts as of Dec 31, 2015, were $181 million, higher than $161.2 million as of Dec 31, 2014.
Cash from operating activities in 2015 was $60.8 million compared with $114.1 million in 2014.
Capital expenditure for the year was approximately $27.3 million, considerably lower than the year-ago level of $68.1 million.
Guidance
For 2016, estimated coal sales are in the range of 4.4–5.2 million tons. Adjusted EBITDA is expected to be $57–$67 million and maintenance capital expenditures $24.5–$27.5 million for the year.
Upcoming Peer Releases
Peabody Energy Corporation BTU is slated to release fourth-quarter results on Feb 11, 2016. The Zacks Consensus Estimate stands at a loss of $7.89 per share.
Natural Resource Partners LP NRP is expected to release fourth-quarter results on Feb 11, 2016. The Zacks Consensus Estimate for the quarter is pegged at 10 cents per share.
Cloud Peak Energy Inc. CLD is scheduled to release fourth-quarter results on Feb 17, 2016. The Zacks Consensus Estimate for the quarter stands at a loss of 17 cents per share.
Zacks Rank
CNX Coal Resources currently has a Zacks Rank #4 (Sell).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PEABODY ENERGY (BTU): Free Stock Analysis Report NATURAL RSRC LP (NRP): Free Stock Analysis Report CLOUD PEAK EGY (CLD): Free Stock Analysis Report CNX COAL RESRCS (CNXC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
|
Natural Resource Partners L.P.
|
|
|
CODE : NRP |
ISIN : US63900P1030 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Natural Resources Partners is a producing company based in United states of america. Natural Resources Partners holds various exploration projects in USA. Its main exploration property is D.D. SHEPARD in USA. Natural Resources Partners is listed in United States of America. Its market capitalisation is US$ 1.2 billions as of today (€ 1.1 billions). Its stock quote reached its lowest recent point on July 24, 2020 at US$ 10.00, and its highest recent level on January 26, 2024 at US$ 99.99. Natural Resources Partners has 12 241 602 shares outstanding. |