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COAL Companies & Prices

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COAL Co's & Prices

COAL & NATGAS stocks

Sym.*: Last: MktCp: EValue: Ebitda: EV/eb: $Debt: Yrs/eb: Earns: PE-R: Div.: Yield: BkVal.: Lo-Yr
BTU :  18.37: $1.89B: $2.54B: $1.12B: r2.28: $1.44B r1.29y: $4.26: r4.33: 0.52: 2.97%: 29.91: 16.41
Ceix :  17.42: $449M: $1.30B: $414M: r3.13: $836M r2.02y: $3.67: r4.72: 0.00: 0.00%: 17.18: 15.92
CCR :  13.26: $366M: $566M: $105M: r5.37: $190M r1.81y: $1.95: r6.80: 2.05: 15.3%: $7.72: 12.302
Arch:  13.26: ???
CNX* $8.32: $1.54B: $5.14B: $986M: r5.22: $2.84B r2.88y: $1.49: r5.58: 0.00: 0.00%: 23.06: $6.14
CHK* $1.79: $3.37B: $15.3B: $3.05B: r5.02: $9.75B: r3.20y: (33.0) rNEG: 0.00: 0.00%: $1.56: $1.26
RRC* $4.38: $1.15B: $5.00B: $1.32B: r3.78: $3.85B: r2.91y: (6.47): rNEG: 0.08: 1.83%: 17.07: $3.36
Swn* $2.14: $1.16B: $3.42B: $1.40B: r2.45: $2.42B: r1.73y: $1.81: r1.16: 0.00: 0.00%: $5.71: $1.56
DMY: 00.00: $1.00B: $1.00B: $1.00B: r0.00: $1.00B: r0.00y: $0.00: r0.00: 0.00: 0.00%: $0.00:
====
*Natgas spinoff from Consol, Energy (CEIX); & other Natgas

COAL Co's: BTU, CEIX, CCR ... update : 10d :

FPChFCn.gif

CEIX 2019 Guidance and Outlook

Based on our year-to-date results, current contracted position, approval of the Itmann project (increased capex), estimated prices and production plans, please find below our financial and operating performance guidance for 2019:

  • Coal sales volumes (100% PAMC) - 26.8-27.8 million tons
  • Coal average revenue per ton sold - $47.70-$49.70
  • Cash cost of coal sold per ton4 - $30.40-$31.40

Internationally, thermal coal prices have come under pressure since the beginning of 2019 due to pullback in global LNG prices and other factors such as weak weather-related demand in Japan and Korea and softening demand in Europe due in part to an influx of Russian coal.

==== / COAL PRICES : $DJUSCL, US Coal Index

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US COAL PRICES

Coal PRICE in USD - Historical Prices
Date Closing Price
08/22/2019     48.05
08/23/2019     47.80
08/26/2019     47.80
08/27/2019     47.80

> source: https://markets.businessinsider.com/commodities/coal-price

   

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First Quarter 2019 Highlights

Highlights of the CEIX first quarter 20191 results include:

  • GAAP net income of $20.3 million and adjusted net income2 of $39.5 million;
  • Total GAAP dilutive earnings per share of $0.52 and adjusted dilutive earnings per share2 of $1.21;
  • Net cash provided by operations of $82.2 million;
  • Adjusted EBITDA2 of $118.5 million;
  • Organic free cash flow net to CEIX shareholders2 of $42.4 million;
  • Reduced total debt by $100 million during the quarter;
  • Total net leverage ratio2 reduced to 1.7x on March 31, 2019 compared to 2.0x on March 31, 2018;
  • Increased share and debt repurchase program to $175 million; 2.5% of outstanding shares repurchased since the spin3;
  • Amended credit facilities and paid down debt to lower annual interest expense by $15 million, improve operational and financial flexibility, extend maturities and boost liquidity; and
  • Extended a major export contract through the end of 2020; pricing terms unchanged.

Internationally, thermal coal prices have come under pressure since the beginning of 2019 due to pullback in global LNG prices and other factors such as weak weather-related demand in Japan and Korea and softening demand in Europe due in part to an influx of Russian coal. We are already beginning to see an export supply response from several countries that should help to stabilize API2 and Newcastle prices. We believe the recent market behavior is consistent with normal cycle trends exacerbated by transient items. We believe longer-term coal pricing will be driven by continued growth of coal-fired generation capacity build out in Asia, limited investments in coal supply, and tightening supply-demand fundamentals for LNG in 2021. According to our analysis of data from IHS Markit, approximately 111 GW of new coal-fired capacity is under construction globally for commissioning between 2019-2024. Furthermore, an additional 300 GW of new coal-fired capacity is in the planning stages. We believe this bodes well for seaborne thermal coal demand, particularly for high-Btu NAPP coal.

Investors Who Bought CONSOL Energy (NYSE:CEIX) Shares A Year Ago Are Now Down 62%

During the unfortunate twelve months during which the CONSOL Energy share price fell, it actually saw its earnings per share (EPS) improve by 21%. It could be that the share price was previously over-hyped. It's fair to say that the share price does not seem to be reflecting the EPS growth. So it's easy to justify a look at some other metrics.

CONSOL 11.00% Senior Secured Notes due 2025 or common units of ...

Expansion of Share and Debt Repurchase Program

CONSOL's Board of Directors ("Board") has increased its previously authorized repurchase program to an aggregate amount of up to $175 million from $100 million and extended the program through June 30, 2020 ("repurchase period"). Under the new authorization, CONSOL management may purchase, from time to time, outstanding shares of CONSOL's common stock, its 11.00% Senior Secured Second Lien Notes due 2025, amounts outstanding under its Term Loan B and Term Loan A Facilities, and common units of CONSOL Coal Resources LP ("CCR units"). These securities may be purchased in the open market, through negotiated purchases or otherwise.

2019 Guidance and Outlook

Based on our year-to-date results, current contracted position, approval of the Itmann project (increased capex), estimated prices and production plans, please find below our financial and operating performance guidance for 2019:

  • Coal sales volumes (100% PAMC) - 26.8-27.8 million tons
  • Coal average revenue per ton sold - $47.70-$49.70
  • Cash cost of coal sold per ton4 - $30.40-$31.40
  • CONSOL Marine Terminal Adjusted EBITDA4 - $40-$45 million
  • Adjusted EBITDA4 (incl. 100% PAMC) - $380-$440 million
  • Effective tax rate - 8-12%
  • Capital expenditures (incl. 100% PAMC) - $155-$185 million

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CCR / Consol Coal Resources ... all-data / last: $13.26

x

PZn2JlI.gif

    About CONSOL Coal Resources LP
    CONSOL Coal Resources LP (NYSE: CCR) is a Canonsburg-based growth-oriented master limited partnership, sponsored by CONSOL Energy, Inc. CCR owns 25% undivided interest in and management and control rights in CONSOL Energy’s Pennsylvania mining complex. The Pennsylvania mining complex consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electricity generators in the eastern United States. Given the strategic geographic location of the complex, high quality reserve base, logistical advantages and access rights to CONSOL Energy’s Baltimore terminal, CCR is well positioned to serve both domestic and international markets..

    As of December 31, 2016, the Pennsylvania mining complex included 767 million tons (191.8 million tons net to our 25% interest ) of proven and probable coal reserves with an average gross heat content of approximately 13,000 Btus per pound and an average sulfur content of 2.36%.  Additional information may be found at www.ccrlp.com.

    BRIEF-David Einhorn Reports 19.9% Stake In Consol Coal Resources As Of August 16, 2019

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    Peabody Weaker - here's why

    BTU / Peabody Coal

    xx

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    BTU / Peabody Coal : chart : $17.42 - 6% (YrLow: $16.41, off Low: +xx%)

    from above:

    Sym.*: Last: MktCp: EValue: Ebitda: EV/eb: $Debt: Yrs/eb: Earns: PE-R: Div.: Yield: BkVal.: Lo-Yr
    BTU :  18.37: $1.89B: $2.54B: $1.12B: r2.28: $1.44B: r1.29y: $4.26: r4.33: 0.52: 2.97%: 29.91: 16.41

    :: -------------2017------------: -------------2018------------: -------------2019------------:
    :: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$1.12:
    Q2 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.34:
    Q3 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00:
    Q4 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00:
    ========
    YR 0.00B-$00.00-00.00-00.%-$0.00: 0.00B-$00.00-00.00-00.%-$0.00:
    ========

    Peabody Energy Corporation engages in coal mining business. The company operates through Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other segments. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; mining bituminous and sub-bituminous coal deposits; and mining metallurgical coal, such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal. The company supplies coal primarily to electricity generators, industrial facilities, and steel manufacturers. As of December 31, 2018, it owned interests in 23 coal mining operations located in the United States and Australia; and had approximately 4.9 billion tons of proven and probable coal reserves and approximately 500,000 acres of surface property through ownership and lease agreements. The company also engages in direct and brokered trading of coal and freight-related contracts, as well as provides transportation-related services, which involve financial derivative contracts and physical contracts. Peabody Energy Corporation was founded in 1883 and is headquartered in St. Louis, Missouri. On April 13, 2016, Peabody Energy Corporation and its subsidiaries filed a voluntary petition for reorganization under Chapter 11 in the United States Bankruptcy Court for the Eastern District of Missouri.

     

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    REvs + Earnings, Cont.Ops
    ::: -------------2017------------: -------------2018------------: -------------2019------------:
    ::: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 0.00B-$10.64--N/A--00.%-$0.00: 0.00B-$13.09-36.50-000%-$0.00: 0.00B-$12.50-28.33-000%-$1.12:
    Q2 0.00B-$09.50-24.45-00.%-$0.00: 1.31B-$15.06-45.48-000%-$0.93: 1.15B-$12.04-24.10-000%-$0.37:
    Q3 0.00B-$10.43-29.01-00.%-$0.00: 0.00B-$15.52-35.64-000%-$0.00:
    Q4 0.00B-$12.01-39.37-00.%-$0.00: 0.00B-$09.66-30.48-000%-$2.20:
    ========
    YR 0.00B-$12.01-39.37-00.%-$0.00: 0.00B-$09.66-30.48-000%-$0.00: LAST >$12.10-17.42-000%
    ========

    ratio:BTU/USO

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    REvs + Earnings, Cont.Ops
    ::: -------------2017------------: -------------2018------------: -------------2019------------:
    ::: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 0.00B-$10.64--N/A--000%-$0.00: 0.00B-$13.09-36.50-279%-$0.00: 0.00B-$12.50-28.33-227%-$1.12:
    Q2 0.00B-$09.50-24.45-257%-$0.00: 1.31B-$15.06-45.48-302%-$0.93: 1.15B-$12.04-24.10-200%-$0.37:
    Q3 0.00B-$10.43-29.01-278%-$0.00: 0.00B-$15.52-35.64-230%-$0.00:
    Q4 0.00B-$12.01-39.37-328%-$0.00: 0.00B-$09.66-30.48-316%-$2.20:
    ========
    YR 0.00B-$12.01-39.37-328%-$0.00: 0.00B-$09.66-30.48-316%-$0.00: LAST >$12.10-17.42-144%
    ========

    ratio:BTU/USO
    xx

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    REvs + Earnings, Cont.Ops
    ::: -------------2017------------: -------------2018------------: -------------2019------------:
    ::: Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS : Revs.-$USO---$BTU--Pct.--EPS :
    Q1 ----B-$10.64--N/A-----%-$----: 1.46B-$13.09-36.50-279%-$0.83: 1,26B-$12.50-28.33-227%-$1.15:
    Q2 0.00B-$09.50-24.45-257%-$0.00: 1.31B-$15.06-45.48-302%-$0.93: 1.15B-$12.04-24.10-200%-$0.37:
    Q3 1.48B-$10.43-29.01-278%-$1.49: 1.41B-$15.52-35.64-230%-$0.63:
    Q4 1.52B-$12.01-39.37-328%-$2.47: 1.39B-$09.66-30.48-316%-$1.97:
    ========
    YR 4.26B-$12.01-39.37-328%-$3.81: 5.58B-$09.66-30.48-316%-$4.28: LAST >$12.10-17.42-144%
    ========

    Ratio:BTU/USO
    xx

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    Q2 STOCK REPURCHASES

    Share repurchases during the second quarter totaled $57.2 million, with an additional $51 million in July as buyback activity resumed following a required blackout period related to the PRB/Colorado joint venture transaction announced in June.  In total, Peabody has repurchased $1.22 billion under its share repurchase program, representing 25 percent of shares initially outstanding.  Approximately $283 million remains under the current $1.5 billion share repurchase program. 

    During the quarter, Peabody announced its third increase to the quarterly per-share dividend in just one year.  The company paid a $0.14 per share cash dividend on June 12, 2019 to shareholders of record on May 22, 2019. 

    Year to date through June, Peabody has returned $385.3 million in cash to shareholders, representing 122 percent of its Free Cash Flow, through its repurchase program, supplemental dividend and quarterly dividend. 

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    How coal titan Peabody, the world’s largest, fell into bankruptcy

    xx

    In the starkest sign yet of declining fortunes in the coal industry, St. Louis-based Peabody Energy, the largest and most storied U.S. coal company, announced early Wednesday that it was filing for Chapter 11 bankruptcy.

    The company cited an “unprecedented industry downturn,” which it attributed to a range of factors including an economic slowdown in China, low coal prices and “overproduction of domestic shale gas.” In the United States, cheap natural gas, driven by the shale-gas boom, has been steadily eating into coal’s share of electricity generation.

    But Peabody was also weighed down by debt from its poorly timed $5.2 billion acquisition of Macarthur Coal of Australia in 2011, near the peak for coal prices there as Peabody underestimated rival coal supplies and overestimated the growth of Chinese coal consumption. “The debt-laden capital structure became unsustainable as cash flows worsened and access to capital markets evaporated,” Fitch Ratings said Wednesday.

    Peabody said that its mines would continue operating and that its operations in Australia were not included in the Chapter 11 filing. The company also said it expected its shares to halt trading on the New York Stock Exchange.

    In a statement, the firm’s president and chief executive, Glenn Kellow, said: “This was a difficult decision, but it is the right path forward for Peabody. We begin today to build a highly successful global leader for tomorrow.”

    Shares of Peabody, whose stock trades under the symbol BTU — which is also a basic unit of energy, the British thermal unit — closed Tuesday at $ 2.06, leaving the company’s market capitalization at a measly $38 million. Shares have plunged more than 99 percent from their 2008 peak and from where they stood just five years ago. Dividend payouts to shareholders were halted in July 2015.

    How coal titan Peabody, the world's largest, fell into bankruptcy

    Apr 13, 2016 - This story has been updated. In the starkest sign yet of declining fortunes in the coal industry, St. Louis-based Peabody Energy, the largest and ...

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    NEWS
    BTU ... 10d / Last: $15.50 -1.53, -8.98% O: 16.73. H: 16.91, L: 15.32
    q2M7bel.gif
    DJ REALTIME NEWS 09/20/19
    MT NEWSWIRES 09/20/19

    Peabody Energy Corp. (BTU) shares recently traded down 8% to $15.65 after the coal company terminated a tender offer for notes.

    Peabody said late Thursday that "at this particular time, the debt markets do not accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion."

    On Friday, Peabody confirmed its commitment to the pending PRB/Colorado joint venture with Arch Coal Inc. (ARCH). Peabody said it "looks forward to continuing to take the steps needed to advance the highly accretive transaction in a timely and effective manner to add value to the enterprise."

    . . . Peabody Energy (BTU) said on Friday it would continue its coal mines deal with Arch Coal (ARCH) to combine their Powder River Basin and Colorado assets through the regulatory process, saying that its balance sheet is strong even after scrapping its plan to buy back $1 billion debt notes on lukewarm support. Its shares slumped 10%.

    "The company looks forward to continuing to take the steps needed to advance the highly accretive transaction in a timely and effective manner to add value to the enterprise," the coal miner said in a statement.

    In June, the two companies said they have struck a joint venture deal, with Peabody owning 66.5% of the venture and Arch the balance, combining among others two productive and adjacent US coal mines into a single unit, hoping to unlock some $820 million synergies.

    On Thursday, Peabody said it was terminating its cash tender offers to buy $500 million of 6% senior secured notes due 2022 and $500 million of 6.375% senior secured notes due 2025, as part of its refinancing plan.

    "The debt markets do not accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion," said CFO Amy Schwetz. "The company intends to pursue alternative means to accomplish its longer-term objectives in a manner that adds value to the enterprise."

    Still, the coal miner said its revolving credit facility was upsized with $215 million in additional commitments. The maturity date for $540 million of the facility was also extended to 2023.

    "The credit facility was amended to permit the company's pending PRB/Colorado joint venture," Peabody said. In April 2016, it filed for Chapter 11 bankruptcy protection, citing economic slowdown in China and low coal prices.

    . . . Earlier this week, the company said it completed an upsizing of its revolving credit facility, to help enable the pending Arch Coal Inc. (ARCH) joint venture. On Friday, Peabody "confirmed its commitment" to the Arch Coal JV, saying it continues to progress through the regulatory approval process. Arch Coal's (ARCH) stock dropped 5.2% toward the lowest close since Oct. 30, 2017 . Year to date, Peabody shares have slumped 48.7% and Arch Coal's (ARCH) stock has lost 13.2%, while the S&P 500 has gained 19.3%.

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