Core Natural Resources Q2 EBITDA beats estimates

Core Natural Resources

06/08/2026 12:05

Overview
U.S. coal producer's Q2 adjusted EBITDA beat analyst expectations
Q2 revenue reached $1.1 bln, driven by operational improvements in key segments
Company completed $155 mln insurance claim settlement and returned $68 mln to stockholders

Outlook
Core expects 2026 total coal sales volume of 87.3-92.4 mln tons
Company sees 2026 capital expenditures of $325-$375 mln
Core expects improved U.S. thermal coal demand in the year's second half

Result Drivers
COST IMPROVEMENTS - Co reported per-ton cost reductions and higher operating margins in high c.v. thermal and metallurgical segments
INSURANCE PROCEEDS - Settlement of Leer South insurance claim provided $125.4 mln in Q2 proceeds
NEW SALES COMMITMENTS - Marketing team secured 16 mln tons of new sales commitments for future periods

Company press release: ID:nPn2kGVNBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.10 bln
 
Q2 EPS
 
$2.51
 
Q2 Net Income
 
$126 mln
 
Q2 Adjusted EBITDA
Beat
$324 mln
$188.91 mln (5 Analysts)
Q2 Free Cash Flow
 
$148 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"
The average consensus recommendation for the coal peer group is "buy"
Wall Street's median 12-month price target for Core Natural Resources, Inc. is $105.00, about 25.5% above its August 5 closing price of $83.68
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 4 - Ramaco Resources Q2 revenue, EBITDA beat analyst estimates
Aug 5 - Warrior Met Coal Q2 revenue jumps 71% as Blue Creek mine boosts volumes
Aug 5 - Natural Resource Partners Q2 revenue rises on higher coal volumes

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.)