CONSOL Coal Resources LP (NYSE:CCR) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.04 per share.
Looking ahead, the full year loss are expected at $ 0.09 per share on the revenues of $ 236.50 million.
Previous Quarter Performance
CONSOL Coal Resources LP came out with loss for the second quarter of $ 0.28 per share, from the revenue of $ 33.83 million. The quarterly revenues shrunk 62.26 percent compared with the same quarter last year. According to street consensus, CCR was expected to report 2Q20 loss of $ 0.08 per share from revenue of $ 40.50 million. The bottom line results missed street analysts by $ 0.2 or 250 percent, at the same time, top line results fell short of analysts by $ 6.67 million or 16.47 percent.
Stock Performance
Shares of CONSOL Coal Resources LP traded low $ -0.16 or -5.33 percent on Wednesday, reaching $ 2.84 with volume of 37.10 thousand shares. CONSOL Coal Resources LP has traded high as $ 2.99 and has cracked $ 2.80 on the downward trend
The closing price of $ 2.84, representing a 7.14 % increase from the 52 week low of $ 2.80 and a 76.91 % decrease over the 52 week high of $ 12.99.
The company has a market capital of $ 78.64 million and is part of the Basic Materials sector and Coal industry.
Conference Call
CONSOL Coal Resources LP will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ccrlp.com
CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania. The company markets its thermal coal principally to electric utilities in the eastern United States.
