![]() ![]() CSX's revenue per coal unit was $3,443 in Q2 2023, down 6% from the year-ago quarter. Thermal coal prices were weaker in Q2 amid low-cost natural gas and softer global coal demand.Ĭentral Appalachia 12,500 Btu/lb CSX rail coal averaged $75.46/st in Q2, down 49.9% from $150.70/st in the year-ago quarter, according to the Platts assessments by S&P Global Commodity Insights.ĭue to lower coal prices, CSX coal revenue fell 2% on the year to $637 million in Q2 even as coal volumes rose 4% to 185,000 units. While the summer heat has been a "helpful tailwind" so far in Q3 with customers seeking more sets, overall utility coal stockpiles are projected to be stable in the second half of 2023, according to the company's July 20 investor presentation. "Weather is a surprise from a heat perspective to the upside here over the last few weeks, and we're seeing that with a lot of our customers running full out here and deploying some of the inventory levels," Boone said. But just recently, we're getting a lot more interest and a lot more inbounds on what we can do, given some of the heat waves we're having."īoone said inventory destocking is expected to slow in many CSX-served markets, but the specific timing around this shift was uncertain. "Look, two weeks, three weeks ago, before this hot summer started, probably a little bit lower outlook for domestic coal business. "Coal is a dynamic market right now," said CSX Executive Vice President Kevin Boone. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Receive daily email alerts, subscriber notes & personalize your experience. ![]() Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. ![]() Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. ![]() stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. ![]()
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