CONSOL Energy For FY23 Outlook, Expects PAMC Coal Sales Volume Of 25M-27M Tons; Expects Itmann Mining Complex Production Volume Of 400-500 Thousand Tons
Portfolio Pulse from Benzinga Newsdesk
CONSOL Energy has released its FY23 outlook, expecting PAMC coal sales volume of 25M-27M tons and Itmann Mining Complex production volume of 400-500 thousand tons. The company also anticipates PAMC average realized coal revenue per ton sold to be $76.00-$80.00 and average cash cost of coal sold per ton to be $34.00-$36.00. Capital expenditures are projected to be $160-$185 million.
August 08, 2023 | 10:54 am
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CONSOL Energy's FY23 outlook indicates a strong production and sales volume for the next fiscal year. This could potentially lead to increased revenues and profitability, which may positively impact the company's stock price.
The company's projected increase in coal sales volume and production volume indicates a positive outlook for the next fiscal year. This, coupled with the expected average realized coal revenue per ton sold and average cash cost of coal sold per ton, suggests potential for increased revenues and profitability. This could positively impact the company's stock price in the short term.
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