How Will The Recent Move In Natural Gas & Coal Prices Impact CSX Corp's Coal Freight Business? [Forbes]
CSX Corporation (CSX)
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Source: Forbes
Signage is displayed outside the CSX Transportation Inc. train terminal building in Danville, West Virginia, on Saturday, April 14, 2018. (Photographer: Luke Sharrett/Bloomberg) © 2018 Bloomberg Finance LP CSX Corporation’s (NYSE: CSX) coal freight business accounts for roughly 20% of the company’s value, according to our estimates. The business is dependent on macro trends in the coal industry, primarily the coal as well as natural gas pricing. In the recent quarters, the company has seen a decline in domestic coal shipments, while export coal has seen strong gains, led by a rise in global benchmark coal prices. We expect this trend to continue in the near term, and result in higher shipments in 2018 and 2019. However, looming trade tensions could impact the growth rate in the near term. We forecast coal freight revenues to grow in mid-single digits in the near term, driven by both volume and pricing gains. We have created an interactive dashboard analysis ~
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- 4/17/24 - Beat
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- 4/18/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- CSX's page on the SEC website