CONSOL Energy Announces Results for the First Quarter 2021
News provided by
Share this article
Share this article
CANONSBURG, Pa., May 4, 2021 /PRNewswire/ Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the period ended March 31, 2021.
First Quarter 2021 Highlights Include:
GAAP net income of $26.4 million;
Coal shipments improve to 6.9 million tons, the highest level since 2Q19;
Quarterly adjusted EBITDA
Quarterly free cash flow
Average cash cost of coal sold per ton
1 of $24.44;
Proceeds from asset sales of $8.5 million supplements operating cash flow;
Cash and cash equivalents of $91.2 million as of March 31, 2021;
Reduction in consolidated indebtedness per credit agreement of $62.7 million;
US: Diversified Gas and Oil announces conditional acquisition in new regional focus area
03 May 2021
$135 million (gross) conditional acquisition of certain
Cotton Valley upstream assets and related facilities primarily in the state of Louisiana from
Indigo Minerals and an operations and trading update for the quarter ended 31 March 2021.
The Acquisition represents the first for the Company in its newly identified Central Regional Focus Area ( RFA ) where it expects to replicate its proven business model on an expanded opportunity set:
Acquisition Highlights
~2.9x multiple on ~$40MM of Adjusted EBITDA (Hedged)(a) before anticipated synergies
13% accretive to the Company s 2020 Adjusted EBITDA(b)
PV10 ~$175MM as of 1 March 2021 effective date and based on 16 April 2021 NYMEX strip price
Oil price, DGOC, JOG, Jadestone, President, Hurricane. And finally…
DGO has announced the $135 million conditional acquisition of certain Cotton Valley upstream assets and related facilities primarily in the state of Louisiana from Indigo Minerals, and also an operations and trading update for the quarter ended 31 March 2021.
WTI $65.01 +$1.15, Brent $68.56 +$1.29, Diff -$3.55 +14c, NG $2.91 -5c, UKNG (June) 59.26p +3.76p
Oil price
Another good day for oil as the month comes to a close even if it is a touch lower today. The reason is that economic data from the US continues to pile on and with 1Q GDP of 6.4% and yesterday’s jobless claims falling by 13/- to 553/- markets, certainly over there were very positive.
BIRMINGHAM, AL / ACCESSWIRE / April 30, 2021 / London LSE-quoted Diversified Gas & Oil PLC (LSE:DGOC) ("DGO" or "the Company"), announces the $135 million (gross) conditional acquisition of certain Cotton
Diversified Gas & Oil PLC (LSE: DGOC) announces the $135 million (gross) conditional acquisition of certain Cotton Valley upstream assets and related facilities primarily in the state of Louisiana ( the Assets ) from Indigo Minerals LLC ( Indigo ), (the Acquisition ) and the following operations and trading update for the quarter ended 31 March 2021. The Acquisition represents the first for the Company in its newly identified Central Regional Focus Area ( RFA ) where it expects to replicate its proven business model on an expanded opportunity set: • Acquisition Highlights ◦ ~2.9x multiple on ~$40MM of Adjusted EBITDA (Hedged)
(a) before anticipated synergies
(b) ◦ PV10 ~$175MM as of 1 March 2021 effective date and based on 16 April 2021 NYMEX strip price