10 Best Coal Stocks to Invest in Right Now

5. Consol Energy Inc. (NYSE:CEIX)

Number of Hedge Fund Investors: 31

Consol Energy Inc. (NYSE:CEIX) just completed a merger with Arch to create Core Natural Resources. CEIX produces and sells bituminous coal to power generators, industrial end-users and metallurgical end-users in the United States and internationally.

Prior to the merger, the company delivered a robust Q3-24, registering a 2% y-o-y revenue growth. Coal production increased from 6.1 million tons to 7.2 million tons despite the planned maintenance shutdown at Pennsylvania Mining Complex. A higher volume of coal sales reduced the cash cost per ton from $38.36 to $35.85. The cost is well below the fiscal guidance of $37.50-$38.50, providing scope for further improvement in its bottom line. A significant achievement for CEIX is the zero employee incidents for the third quarter. The merger with Arch should enable CEIX to compete in metallurgical and thermal coal markets on a global scale.