Core Natural Resources Q4 adjusted EBITDA misses estimates

Core Natural Resources

12/02/2026 12:02

Overview

U.S. coal producer's Q4 revenue totaled $1.042 bln, adjusted EBITDA missed analyst expectations

Company reported a net loss of $79 mln in Q4

Resumed longwall mining at Leer South, completed transition at West Elk

Outlook

Core expects 2026 sales volume of 85.6 - 91.4 mln tons

Company anticipates 2026 capital expenditures of $325 - $375 mln

Core expects strong free cash flow generation in 2026

Result Drivers

LONGWALL MINING RESUMPTION - Resumed longwall mining at Leer South and completed transition at West Elk, both at targeted production rates

CONTRACTED POSITION - Increased contracted position in all segments at prices projected to drive advantageous margins

MAINTENANCE COSTS - Higher maintenance-related expenses at PAMC and depressed volumes at West Elk affected cash costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$1.04 bln
Q4 EPS
-$1.54
Q4 Adjusted EBITDA
Miss
$103.10 mln
$119.18 mln (4 Analysts)

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 $119.00, about 28.4% above its February 11 closing price of $92.67

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn1k6fQQa

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(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.)