CONSOL Coal Resources LP Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2018; Provides Production and Earnings Guidance for the Year 2018
For the quarter, coal production was 1.7 million tons compared to 1.7 million tons a year ago. Coal sales were 1.7 million tons compared to 1.7 million tons a year ago.
For the year 2018, the company expects coal sales volumes of 6.55 million tons 6.80 million tons, coal average revenue per ton of $47.15-$48.75 and cash cost of coal sold per ton $28.50-$30.00.
For the year 2018, the company expects adjusted EBITDA of $95 million-$115 million and capital expenditures of $31 million-$36 million. Based on the revenue, cost and sales guidance, the company is also increasing adjusted EBITDA guidance for CCR and CEIX by $5 million and $30 million, respectively.