NACCO Q1 profit jumps 80%, boosted by utility coal unit

NACCO Industries

05/05/2026 21:53

Overview

US natural resources firm's Q1 revenue fell 4% yr/yr, but gross profit rose 48%

Q1 operating profit up 43% yr/yr, driven by Utility Coal and Contract Mining segments

Net income rose 80% to $8.8 mln, with diluted EPS up to $1.17 from $0.66

Outlook

Company expects meaningful yr-over-yr improvement in operating profit, net income and Adjusted EBITDA in 2026

Utility Coal Mining segment expects increased operating profit in 2026, mainly in first half

Company anticipates substantial yr-over-yr increase in Contract Mining operating profit and Segment Adjusted EBITDA

Result Drivers

UTILITY COAL RECOVERY - Improved operating profit in Utility Coal segment driven by stronger performance at Mississippi Lignite Mining, favorable contractual pricing, and redeployment of crews during a customer power plant outage

CONTRACT MINING EXPANSION - Contract Mining segment saw profit growth from the start of a new multi-year dragline services contract and increased customer requirements at limestone operations

EQUITY INVESTMENT OFFSET - In Minerals and Royalties, higher earnings from an equity investment mostly offset lower natural gas revenues, resulting in stable operating profit

Company press release: ID:nPn96N2Lda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.17
Q1 Net Income
$8.84 mln
Q1 Adjusted EBITDA
$16.40 mln
Q1 Operating Income
$11.02 mln


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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.)