|Over a week ago|
Consol Coal falls -7.0% » 10:0006/2306/23/20
Consol Coal is down…
Consol Coal is down -7.0%, or -32c to $4.25.
Consol Coal falls -6.1% » 09:4706/2306/23/20
Consol Coal is down…
Consol Coal is down -6.1%, or -28c to $4.29.
|Over a month ago|
Consol Coal says FY20 guidance remains suspended » 07:4705/1105/11/20
Given the ongoing…
Given the ongoing uncertainty associated with the COVID-19 pandemic-driven economic slowdown, we are working with our customers to manage their shipments and inventory levels. However, due to the difficulty in forecasting the duration of this economic slowdown, our 2020 guidance remains suspended. Nonetheless, our team remains ready and is looking forward to eventual demand recovery.
Consol Coal reports Q1 EPS 1c, consensus 24c » 07:4605/1105/11/20
Reports Q1 revenue…
Reports Q1 revenue $67.37M vs. $86.11M last year. "The United States along with other economies worldwide have seen a significant energy demand decline year-to-date driven by the widespread government-imposed lockdowns in response to the COVID-19 pandemic," said Jimmy Brock, CEO of CONSOL Coal Resources GP LLC, the general partner of the Partnership. "Coal producers, just like companies in other industries, are facing unprecedented demand decline, which has weighed on our operational, sales and financial performances year-to-date. While the duration and breadth of this ongoing pandemic are uncertain, management has undertaken a number of steps to reduce costs and has adjusted our operations accordingly to support deleveraging and liquidity enhancement."
CONSOL Coal Resources LP trading resumes 14:4304/2404/24/20
Consol Coal announces temporary distribution suspension » 14:2604/2404/24/20
The board of directors of…
The board of directors of Consol Coal Resources GP, the general partner of Consol Coal Resources LP, announced a temporary suspension of quarterly cash distributions to all unitholders due to the ongoing uncertainty in the commodity markets driven by COVID-19 pandemic-related demand decline. "We are living in very uncertain times and the depth and breadth of demand decline is very unpredictable at this moment. Accordingly, we feel it is prudent to conserve cash, boost liquidity and reduce our outstanding debt. The management team has undertaken several actions at operational and corporate levels over the last few months as we seek to manage our balance sheet and liquidity. As we gain better visibility on customer demand during the next quarter, the Board of Directors will determine an appropriate level for cash distributions," said Jimmy Brock, CEO of Consol Coal Resources GP.
CONSOL Coal Resources LP trading halted, news pending 13:2604/2404/24/20
Consol Energy, Consol Coal announce Fork Mine to be temporarily idled » 06:4904/1404/14/20
Consol Energy (CEIX) and…
Consol Energy (CEIX) and Consol Coal (CCR) provided the following operational update: "On March 30th, we announced the temporary curtailment of production at the Bailey Mine due to two employees testing positive for COVID-19. As of April 13th, the workforce at the Bailey Mine has returned to a normal production schedule. Enhanced sanitization and social distancing measures, along with staggered shifts at the mine will continue to ensure the health and wellness of all personnel on site. Over the past few weeks, we have taken several steps to ensure the safety and well-being of our employees, their families and our communities, while working to minimize disruptions to operations.Unfortunately, due to the weakness in coal demand and economic slowdown related to the pandemic, production at the Enlow Fork Mine will be temporarily idled at this time. We will assess and monitor the ever-changing situation in the global marketplace and will evaluate options continuously, as we navigate through the pandemic. As always, we intend to run our operations safely and compliantly, with our production based on market conditions and customer inventories."
|Over a quarter ago|
Consol Coal withdraws FY20 guidance due to COVID-19 uncertainty 06:5204/0804/08/20
Consol to suspend operations at Bailey Mine for two weeks » 06:5603/3003/30/20
CONSOL Energy (CEIX) and…
CONSOL Energy (CEIX) and CONSOL Coal Resources (CCR) provided the following update regarding operations at the Bailey Mine and its response to positive COVID-19 cases: "Late last week, we were made aware that two employees at the Bailey Mine tested positive for COVID-19. Both employees are being asked to self-isolate for 14 days. The Pennsylvania Department of Health and the Mine Safety and Health Administration have been notified of the situation, and we are communicating with these agencies to ensure we take the requisite measures for the safety of our employees. The health and safety of our employees is paramount, and we have taken various precautions over the past few weeks to minimize risks. However, out of an abundance of caution, we have decided to temporarily curtail production at the Bailey Mine for a two-week period. We will perform a precautionary deep cleaning of the facilities while attempting to determine if any other employees were at risk from exposure. We will continue to monitor the issue closely in order to limit potential exposure to other employees, contractors, family members, and the community. Our Enlow Fork Mine, Harvey Mine and central Preparation Plant will continue operations at this time, in order to ensure a stable energy and electricity supply for all Americans."