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CONSOL Energy Full Year 2022 Earnings: Beats Expectations

CONSOL Energy (NYSE:CEIX) Full Year 2022 Results

Key Financial Results

  • Revenue: US$2.34b (up 84% from FY 2021).

  • Net income: US$467.0m (up by US$432.9m from FY 2021).

  • Profit margin: 20% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue.

  • EPS: US$13.41 (up from US$0.99 in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

CONSOL Energy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 5.4% decline forecast for the Oil and Gas industry in the US.

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Performance of the American Oil and Gas industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - CONSOL Energy has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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