CONSOL Coal Resources LP (N:CCR)

Sector:  Energy Industry:  Coal
See Regulatory Filings on SEC
Company Contact
Address: 1000 Consol Energy Dr Ste 100
CANONSBURG PA 15317-6506
Tel: 1-724-4853133
IR: See website
Key People
James A. Brock
Chairman of the Board, Chief Executive Officer of CNX Coal Resources GP LLC
Mitesh Kumar B. Thakkar
Interim Chief Financial Officer
John Rothka
Chief Accounting Officer of CNX Coal Resources GP LLC
Martha A. Wiegand
General Counsel, Secretary, Director of the General Partner
Business Overview
Consol Coal Resources LP, formerly CNX Coal Resources LP, is a producer of high-British thermal units (Btu) thermal coal. It is engaged in the management and development of coal operations of CONSOL Energy Inc. (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy's Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. The Pennsylvania Mining Complex includes the Bailey Mine, the Enlow Fork Mine and the Harvey Mine. It mines its reserves from the Pittsburgh Number eight Coal Seam, which is a contiguous formation of uniform, Btu thermal coal. Its Bailey Mine is located in Enon, Pennsylvania. Its Enlow Fork Mine is located directly north of the Bailey Mine. Its Harvey Mine is located directly east of the Bailey and Enlow Fork Mines.
Financial Overview
For the fiscal year ended 31 December 2019, CONSOL Coal Resources LP revenues decreased 7% to $333M. Net income applicable to common stockholders decreased 32% to $44.8M. Revenues reflect Coal Revenue decrease of 6% to $322.1M, Freight Revenue decrease of 55% to $4.9M, Purchased coal sales decrease of 35% to $3.1M. Net income also reflects Operating and Other Costs increase of 1% to $217.2M (expense), IE on Capital Financing.
Reporting Currency: U.S. Dollars
Enterprise value: $426.06M as of Dec 31, 2019
Annual revenue (TTM): $332.93M as of Dec 31, 2019
EBITDA (TTM): $97.96M as of Dec 31, 2019
Net annual income (TTM): $44.78M as of Dec 31, 2019
Free cash flow (TTM): -$13.67M as of Dec 31, 2019
Net Debt Last Fiscal Year: $187.28M as of Dec 31, 2019
Shares outstanding: 27,632,824 as of Jan 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization