Core Natural Resources Q1 net income and adjusted EBITDA beat expectations

Core Natural Resources

07/05/2026 12:04

Overview

U.S. coal producer's Q1 net income and adjusted EBITDA beat analyst expectations

Q1 revenue was $1.1 bln; EPS was $0.41

Company returned $47 mln to shareholders via buybacks and dividends in Q1

Outlook

Core expects 2026 coking coal sales volume of 8.6-9.4 mln tons

Company sees 2026 high calorific value thermal coal sales of 30.0-32.0 mln tons

Core expects 2026 capital expenditures of $325-375 mln

Result Drivers

METALLURGICAL SEGMENT MARGINS - Higher realized coking coal prices and an 11% reduction in cash cost per ton drove a significant increase in sales margins

THERMAL SEGMENT COST PRESSURES - High calorific value thermal segment faced higher cash costs due to elevated electricity prices and challenging geology at the Pennsylvania Mining Complex

LOWER PRB VOLUMES - Powder River Basin segment sales volumes declined due to reduced shipments amid relatively mild winter weather

Company press release: ID:nPnbsG9VPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.10 bln
Q1 EPS
$0.41
Q1 Net Income
Beat
$21 mln
$9.47 mln (4 Analysts)
Q1 Adjusted EBITDA
Beat
$179.90 mln
$174.56 mln (5 Analysts)
Q1 Free Cash Flow
$55.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Core Natural Resources Inc is $113.00, about 28.7% above its May 6 closing price of $87.77

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)