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AI Earnings Predictions for Core Natural Resources Inc. (CNR)

Machine learning predictions based on historical earnings data and price patterns

Latest Prediction

SELL

1-Day Prediction

-1.61%

$88.53

0% positive prob.

5-Day Prediction

-5.14%

$85.35

0% positive prob.

20-Day Prediction

-1.76%

$88.40

0% positive prob.

Price at prediction: $89.98 Confidence: 100.0% Model AUC: 1.0000 Quarter: Q2 2026

Earnings Transcripts

SEC 8-K filings with transcript text

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2026
Q2

Q2 2026 Earnings

8-K SELL

Aug 6, 2026 · 100% conf.

AI Prediction SELL

1D

-1.61%

$88.53

Act: -0.42%

5D

-5.14%

$85.35

Act: +3.89%

20D

-1.76%

$88.40

Price: $89.98 Prob +5D: 0% AUC: 1.000
0001710366-26-000053

EX-99.1

2 cnrq22026er-exhibit991.htm

EX-99.1

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Exhibit 99.1

Core Natural Resources Reports Second Quarter 2026 Results

Reports net income of $126 million and adjusted EBITDA1 of $324 million

Generates net cash provided by operating activities of $250 million and free cash flow1 of $148 million

Drives significant per-ton cost and operating margin improvements in marquee high c.v. thermal and metallurgical segments

Secures 16 million tons of advantageous new sales commitments for delivery in future periods

Completes the settlement of its Leer South insurance claim for a full limit recovery netting $155 million

Returns $68 million to stockholders, bringing the total returned since February 2025 to $360 million

CANONSBURG, Pa., August 6, 2026 /PRNewswire/ — Today, Core Natural Resources, Inc. (NYSE: CNR) (“Core” or the “company”) reported net income of $126.5 million, or $2.51 per diluted share, in the second quarter of 2026. Additionally, Core reported adjusted EBITDA1 of $323.6 million in the quarter. During Q2, Core settled the Leer South insurance claim for the full limit recovery and recognized the remaining $125.4 million of proceeds. Second quarter revenues totaled $1.1 billion.

“During Q2, the Core team made excellent progress in driving operational excellence across the combined mining platform while generating strong free cash flow and robust capital returns,” said Jimmy Brock, Core’s chairman and CEO. “With our marquee operating segments now shifting into high gear, we expect to showcase Core’s full, cash-generating potential moving forward, thus powering a further acceleration of our already substantial capital return program.”

Operational and Marketing Update

During the second quarter of 2026, Core’s high calorific value thermal segment had coal sales of 8.4 million tons, representing a 9 percent quarter-over-quarter increase, and achieved realized coal revenue per ton sold1 of $58.11. The segment had cash cost of coal sold per ton1 of $38.58, representing a 9 percent quarter-over-quarter improvement.

In Core’s metallurgical segment during Q2, coking coal sales totaled 2.3 million tons, representing an 8 percent quarter-over-quarter improvement, and thermal byproduct sales totaled 0.3 million tons. The segment achieved realized coal revenue per ton sold1 for coking coal of $121.43, representing a slight decline versus Q1 2026. Realized coal revenue per ton sold1 for the metallurgical segment as a whole was $114.13. The metallurgical segment reported a cash cost of coal sold per ton1 of $85.65, representing a 7 percent improvement from the previous quarter.

In the Powder River Basin segment, Q2 sales volumes totaled 10.2 million tons, reflecting seasonally depressed spring shipment levels. Realized coal revenue per ton sold1 was $14.28, which was generally in line with Q1 2026, and cash cost of coal sold per ton1 came in at $14.85, representing a 9 percent increase due to lower fixed cost absorption stemming from the lower shipment levels as well as increased fuel costs. Core expects a substantial improvement in the segment’s sales volumes and unit costs in the year’s back half.

During Q2, the marketing team secured 16 million tons of new sales commitments across all segments for delivery in future periods, at prices expected to support advantageous margins.

The following table presents operational results by reportable segment (in millions, except per ton information):

Three Months Ended

June 30, 2026March 31, 2026June 30, 2025

High C.V. Thermal Segment

Tons Sold8.4 7.7 8.4

Realized Coal Revenue per Ton Sold1 $58.11 $58.86 $60.50

Cash Cost of Coal Sold per Ton1 $38.58 $42.56 $39.47

Cash Margin per Ton Sold1 $19.53 $16.30 $21.03

Metallurgical Segment

Tons Sold2.6 2.5 2.2

Coking Coal2.3 2.1 1.9

Thermal Byproduct0.3 0.3 0.3

Realized Coal Revenue per Ton Sold1 $114.13 $112.03 $104.22

Coking Coal1 $121.43 $122.11 $114.71

Thermal Byproduct1 $55.09 $41.94 $45.74

Cash Cost of Coal Sold per Ton1 $85.65 $92.35 $95.93

Cash Margin per Ton Sold1 $28.48 $19.68 $8.29

Powder River Basin Segment

Tons Sold10.2 11.9 12.6

Realized Coal Revenue per Ton Sold1 $14.28 $14.39 $14.69

Cash Cost of Coal Sold per Ton1 $14.85 $13.64 $13.40

Cash Margin per Ton Sold1 $(0.57)$0.75 $1.29

Financial, Liquidity, and Capital Return Update

Core’s capital return framework targets the return to stockholders of around 75 percent of free cash flow1, with the significant majority of that return directed to share repurchases complemented by a sustaining quarterly dividend of $0.10 per share. During Q2 2026, the company invested $63.0 million to repurchase 719,904 shares of its common stock at an average share price of $87.54. Core has now invested a total of $329.2 million to repurchase 4.3 million shares of common stock, or roughly 7.9 percent of total shares outstanding as of the program’s launch, at an average share price of $77.04, and a total of $360.1 million, inclusive of dividend payments

2026
Q1

Q1 2026 Earnings

8-K

May 7, 2026

0001710366-26-000040

EX-99.1

2 cnrq12026er-exhibit991.htm

EX-99.1

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Exhibit 99.1

Core Natural Resources Reports First Quarter 2026 Results

Reports net income of $21.0 million and adjusted EBITDA1 of $179.9 million

Delivers excellent operating performances at Leer South and West Elk

Generates net cash provided by operating activities of $119.4 million and free cash flow1 of $55.5 million

Returns $47.0 million to stockholders, bringing the total returned to stockholders since Q1 2025 to $292.1 million

CANONSBURG, Pa., May 7, 2026 /PRNewswire/ — Today, Core Natural Resources, Inc. (NYSE: CNR) (“Core” or the “company”) reported net income of $21.0 million, or $0.41 per diluted share, in the first quarter of 2026. Additionally, Core reported adjusted EBITDA1 of $179.9 million in the quarter. Revenues totaled $1.1 billion in Q1.

“I am pleased to report that Core is beginning to demonstrate the true potential of the combined platform,” said Jimmy Brock, Core’s chair and chief executive officer. “During Q1, Core’s operations executed at a high level, led by strong performances at Leer South and West Elk, while again deploying substantial free cash flow to our capital return program. The metallurgical segment achieved a significant, quarter-over-quarter increase in sales margins, underpinned by a substantial step-down in its cash cost of coal sold per ton, and the high calorific value thermal segment again delivered solid sales margins even as it navigated elevated electricity costs at the Pennsylvania Mining Complex stemming from this winter’s Arctic outbreak as well as several weeks of challenging geology at the PAMC. Most importantly, the team continued to operate in tight alignment with our core values – safety and compliance, continuous improvement, and financial performance. Looking ahead, we expect to maintain this positive momentum in pursuit of operational excellence across the entire enterprise.”

Operational and Marketing Update

During the first quarter of 2026, Core’s high calorific value thermal segment had coal sales of 7.7 million tons and achieved realized coal revenue per ton sold1 of $58.86, with both sales volumes and realized pricing generally in line with the previous quarter’s results. The segment had cash cost of coal sold per ton1 of $42.56, which was modestly higher than in the previous quarter due to the previously discussed power price spikes and short-term (and now past) geologic challenges at the PAMC.

In Core’s metallurgical segment, coking coal sales totaled 2.1 million tons in Q1 and thermal byproduct sales totaled 0.3 million tons. The segment achieved realized coal revenue per ton sold1 for coking coal of $122.11, which was 7 percent higher than during the previous quarter due principally to an increased percentage of sales linked to Premium Low-Vol pricing. Realized coal revenue per ton sold1 for the metallurgical segment as a whole was $112.03. The metallurgical segment reported a cash cost of coal sold per ton1 of $92.35, which was 11 percent lower than in the previous quarter.

In the Powder River Basin segment, Q1 sales volumes totaled 11.9 million tons, which represented a step-down from the previous quarter’s volume levels due to reduced shipments in the face of a relatively temperate winter overall. Realized coal revenue per ton sold1 was $14.39 and cash cost of coal sold per ton1 came in at $13.64, which was generally in line with the previous quarter despite the lower volume levels.

The following table presents operational results by reportable segment (in millions, except per ton information):

Three Months Ended

March 31, 2026December 31, 2025March 31, 2025

High C.V. Thermal Segment

Tons Sold7.7 7.8 7.1

Realized Coal Revenue per Ton Sold1 $58.86 $58.11 $63.18

Cash Cost of Coal Sold per Ton1 $42.56 $41.42 $42.78

Cash Margin per Ton Sold1 $16.30 $16.69 $20.40

Metallurgical Segment

Tons Sold2.5 2.3 2.3

Coking Coal2.1 2.0 1.9

Thermal Byproduct0.3 0.3 0.4

Realized Coal Revenue per Ton Sold1 $112.03 $105.45 $98.26

Coking Coal1 $122.11 $114.25 $113.70

Thermal Byproduct1 $41.94 $47.50 $32.83

Cash Cost of Coal Sold per Ton1 $92.35 $103.49 $91.00

Cash Margin per Ton Sold1 $19.68 $1.96 $7.26

Powder River Basin Segment

Tons Sold11.9 12.6 10.7

Realized Coal Revenue per Ton Sold1 $14.39 $14.21 $14.93

Cash Cost of Coal Sold per Ton1 $13.64 $13.62 $12.44

Cash Margin per Ton Sold1 $0.75 $0.59 $2.49

Financial, Liquidity, and Capital Return Update

During Q1 2026, Core generated net cash provided by operating activities of $119.4 million and free cash flow1 of $55.5 million.

Core’s capital return framework targets the return to stockholders of around 75 percent of free cash flow1, with the significant majority of that return directed to share repurchases complemented by a sustaining quarterly dividend of $0.10 per share. During Q1 2026, the company invested $41.9 million to repurchase 464,600 shares of its common stock at an average share price of $90.23. Core has now i

2025
Q4

Q4 2025 Earnings

8-K

Feb 12, 2026

0001710366-26-000005

EX-99.1

2 cnrq42025er-exhibit991.htm

EX-99.1

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Exhibit 99.1

Core Natural Resources Reports Fourth Quarter 2025 Results

Resumes longwall mining at Leer South, enters 2026 operating at targeted production rates

Completes transition to new seam at West Elk, enters 2026 operating at targeted production rates

Generates net cash provided by operating activities of $107.3 million and free cash flow1 of $27.0 million

Significantly increases contracted position in all segments, at prices projected to drive advantageous margins

Returns $26.8 million to stockholders, bringing the total returned to stockholders in 2025 to $245.1 million

CANONSBURG, Pa., Feb. 12, 2026 /PRNewswire/ -- Today, Core Natural Resources, Inc. (NYSE: CNR) (“Core” or the “company”) reported a net loss of $79.0 million, or ($1.54) per diluted share, in the fourth quarter of 2025. Additionally, Core reported adjusted EBITDA1 of $103.1 million in the quarter, which included fire extinguishment costs at Leer South and idle mine cash costs at Leer South and West Elk totaling $36.4 million, as well as a portion of the total insurance proceeds related to the Baltimore bridge collapse of $23.9 million. Revenues totaled $1.042 billion in Q4.

“During Q4, the Core team set the stage for a significant, value-driving step-change in both operational execution and financial performance in 2026,” said Jimmy Brock, Core’s chairman and chief executive officer. “With the return to form of our world-class Leer South and West Elk mines, Core expects to demonstrate operational excellence across the entire mining portfolio in 2026, while showcasing the substantial synergistic value created by last year’s merger. In addition, Core anticipates incremental insurance recoveries stemming from the combustion-related event at Leer South, buoying further the outlook for free cash flow generation and capital returns.”

“In short, Core is now poised to deliver on its full potential as a low-cost, diversified, logistically advantaged supplier of high-quality coal products to growing steel and industrial markets around the world, as well as to a resurgent U.S. power generation market,” Brock added. “Most importantly, the Core team continues to operate in tight alignment with our core values – safety and compliance, continuous improvement, and financial performance.”

Operational and Marketing Update

During the fourth quarter of 2025, Core’s high calorific value thermal coal segment had coal sales of 7.8 million tons, which was 9 percent higher than in Q3, and achieved realized coal revenue per ton sold1 of $58.11, which was modestly lower than in Q3 due principally to weaker pricing on seaborne shipments. The segment had cash cost of coal sold per ton1 of $41.42, which was adversely affected by higher maintenance-related expenses at the PAMC as well as still-depressed volumes at West Elk as that mine completed the transition to the B-Seam, where — as expected — both seam thickness and coal quality are proving to be markedly better.

In Core’s metallurgical segment, coking coal sales totaled 2.0 million tons in Q4 and thermal byproduct sales totaled 0.3 million tons, largely consistent with Q3 levels. The segment achieved realized coal revenue per ton sold1 for coking coal of $114.25 and realized coal revenue per ton sold1 for the thermal byproduct of $47.50, with realized coal revenue per ton sold1 for the metallurgical segment as a whole of $105.45. The metallurgical segment reported a cash cost of coal sold per ton1 of $103.49, reflecting the absence of longwall production at Leer South until late in the quarter.

In the Powder River Basin segment, sales volumes totaled 12.6 million tons in Q4, which was modestly lower than Q3’s strong shipment levels. Realized coal revenue per ton sold1 increased to $14.21, reflecting improving pricing on spot sales, and cash cost of coal sold per ton1 came in at $13.62, reflecting higher maintenance costs and lower fixed cost absorption quarter-over-quarter. On a year-over-year basis, both revenues and costs in the PRB segment were lower, largely due to the recently enacted reduction in the royalty rate for federal coal coupled with provisions in many existing contracts requiring that cost savings associated with certain policy-related changes be passed along to the customer.

During the quarter, the marketing team signed commitments for delivery in 2026 and future years — across the high calorific value thermal segment, the metallurgical segment, and the Powder River Basin segment — totaling more than 38 million tons, at prices projected to drive advantageous margins and healthy free cash flow. Core has now locked in a committed book of 2026 business totaling 23.5 million tons in the high calorific value thermal segment and 47.4 million

tons in the Powder River Basin segment. Core has also signed commitments of approximately 6.7 million tons of coking coal, including 2.0 million tons for delivery to North American custome

2025
Q3

Q3 2025 Earnings

8-K

Nov 6, 2025

0001710366-25-000029

EX-99.1

2 cnrq32025er-exhibit991.htm

EX-99.1

Document

Exhibit 99.1

Core Natural Resources Reports Third Quarter 2025 Results

Generates net cash provided by operating activities of $87.9 million and free cash flow1 of $38.9 million

Increases cash and cash equivalents by $31.5 million and overall liquidity by $47.5 million

Transitions to a more advantageous reserve area at the West Elk mine

Returns $24.6 million to stockholders via share buybacks and quarterly dividends; $218.3 million returned to stockholders since the capital return program’s launch in February

CANONSBURG, PA (November 6, 2025) - Today, Core Natural Resources, Inc. (NYSE: CNR) (“Core” or the “company”) reported net income of $31.6 million, or $0.61 per diluted share, in the third quarter of 2025. Additionally, Core reported adjusted EBITDA1 of $141.2 million in the quarter, which included Leer South fire extinguishment and idle mine cash costs of $18.4 million and an initial recovery of insurance proceeds related to the Leer South combustion event of $19.4 million. Third quarter revenues totaled $1,002.5 million.

“During Q3, the Core team executed effectively and continued to generate substantial amounts of free cash flow while completing the transition to a more advantageous reserve area at West Elk,” said Jimmy Brock, Core’s chairman and chief executive officer. “In addition, Core significantly expanded its committed sales position – at prices expected to deliver advantageous margins – in both the high calorific value thermal and Powder River Basin segments. While the government shutdown has delayed the planned restart of the Leer South longwall, the operating team is prepared to mobilize as soon as Mine Safety and Health Administration (MSHA) personnel are available.”

“In short, we believe the stage is set for Core to begin to deliver on its full potential as we approach 2026,” Brock said. “Looking ahead, we are sharply focused on achieving operational excellence across our entire mining portfolio while executing in tight alignment with our core values – safety and compliance, continuous improvement, and financial performance.”

Operational and Marketing Update

During the third quarter of 2025, Core’s high calorific value thermal coal segment achieved realized coal revenue per ton sold1 of $59.78, which was modestly lower than in Q2 due principally to customer mix. The segment had cash cost of coal sold per ton1 of $40.53, reflecting higher cash costs at West Elk during the transition to the B-Seam. Looking ahead, Core is anticipating a marked step-up in performance at West Elk due to the B-Seam’s greater thickness and higher coal quality, which should drive relative improvements in realizations and cash costs for the segment as a whole.

In Core’s metallurgical segment during Q3, coal sales totaled 1.9 million tons and thermal byproduct sales totaled 0.4 million tons. The segment achieved realized coal revenue per ton sold1 for coking coal of $112.94 and realized coal revenue per ton sold1 for the metallurgical segment as a whole – inclusive of thermal byproduct sales – of $101.60. The metallurgical segment reported a cash cost of coal sold per ton1 of $94.18 and incurred $18.4 million in costs associated with the extinguishment of combustion-related activity and idle mine costs at Leer South.

In the Powder River Basin (“PRB”) segment, sales volumes totaled 13.0 million tons as coal-based power plants continued to operate at elevated levels in the face of increased U.S. power demand. Realized coal revenue per ton sold1 was $14.09 and cash cost of coal sold per ton1 was $13.04. Both revenues and costs were lower on a quarter-over-quarter basis due in large part to the recently enacted reduction in the royalty rate for federal coal coupled with provisions in many of Core’s existing contracts requiring that cost savings associated with certain policy-related changes be passed along to the customer.

During the quarter, the marketing team entered into commitments across all segments and all periods totaling nearly 26 million tons, at prices projected to provide attractive margins and healthy free cash flow1. Core has now locked in a committed book of 2026 business totaling approximately 17 million tons in the high calorific value thermal segment and approximately 40 million tons in the Powder River Basin segment. To date, Core has entered into commitments for

approximately 500,000 tons of coking coal for delivery to North American customers and remains in active negotiations with other potential North American buyers.

Financial, Liquidity, and Capital Return Update

In February, Core announced a new capital return framework targeting the return to stockholders of around 75 percent of free cash flow1, with the significant majority of that return directed to share repurchases complemented by a sustaining quarterly dividend of $0.10 per share.

During Q3 2025, Core generated net cash provided by operating activities of $87.9 mill

2025
Q2

Q2 2025 Earnings

8-K

Aug 5, 2025

0001193125-25-173024

EX-99.1

2 d96449dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

Core Natural Resources Reports Second Quarter 2025 Results

Generates net cash provided by operating activities of $220.2 million and free cash flow of $131.1 million

Further increases merger-related annual synergies target to between $150 million and $170 million

Returns $87.1 million to stockholders via share buybacks and quarterly dividends

Increases cash and cash equivalents by $25 million and overall liquidity by $90 million

Advances previously detailed plan to resume longwall production at Leer South

CANONSBURG, PA (August 5, 2025) - Today, Core Natural Resources, Inc. (NYSE: CNR) (“Core” or the “company”) reported a net loss of $36.6 million, or $0.70 per diluted share, in the second quarter of 2025. Core reported adjusted EBITDA1 of $144.3 million for the second quarter of 2025, which included Leer South fire extinguishment and idle mine cash costs of $21.2 million. Revenues totaled $1,102.4 million in Q2.

“During the second quarter, the Core team continued to demonstrate the value-driving potential of the combined platform, executing at a high level at our flagship Pennsylvania Mining Complex (PAMC) and Leer longwall operations, continuing to unlock the value of the substantial synergies created by the merger, and generating significant free cash flow1 despite a soft market environment and the longwall outage at Leer South,” said Paul A. Lang, Core’s chief executive officer. “In aggregate, those efforts facilitated the return to stockholders of $87.1 million in Q2 via our capital return program.”

Operational Update

“During the second quarter, Core’s high c.v. thermal coal segment continued to execute at a world-class level, with a significant step-up in sales volumes and lower unit costs acting to counterbalance modest erosion in average selling price in the face of a softer market environment,” Lang said. “While the metallurgical segment’s performance was again constrained by the longwall outage at Leer South, the rest of the platform executed well, led by the Leer mine, which set a production record for the second straight quarter. Supplementing our two core operating segments, the Powder River Basin segment also turned in a solid performance, with strengthening domestic power demand setting the stage for another strong adjusted EBITDA contribution.”

During the second quarter of 2025, Core’s high c.v. thermal coal segment achieved an 18-percent increase in sales volumes versus Q1 2025, when production was constrained by three longwall moves. The segment achieved realized coal revenue per ton sold1 of $60.50, which was modestly lower than the Q1 realization due to lower pricing on spot sales as well as a lower energy market adjustment (EMA) on power-price-linked domestic tons. The segment had cash cost of coal sold per ton1 of $39.47.

With the exception of Leer South, where longwall production has yet to resume, the metallurgical segment turned in a solid performance. Coking coal sales totaled 1.9 million tons, consistent with Q1 2025, and thermal byproduct sales totaled 0.3 million tons. The segment achieved realized coal revenue per ton sold1 for coking coal of $114.71 and realized coal revenue per ton sold1 for the metallurgical segment as a whole – inclusive of thermal byproduct sales – of $104.22. The metallurgical segment reported a cash cost of coal sold per ton1 of $95.93 and incurred $21.2 million in costs associated with the extinguishment of combustion activity and idle mine costs at Leer South.

The Powder River Basin segment executed at a high level for the second straight quarter. Sales volumes totaled 12.6 million tons as power generators worked to accelerate shipments in advance of the summer season. Realized coal revenue per ton sold1 was $14.69, while the cash cost of coal sold per ton1 was $13.40, resulting in a cash margin per ton sold in excess of previously provided guidance levels.

Synergy Update

As indicated, Core has again increased its targeted range for annual synergy generation to between $150 million and $170 million per year, an approximately 30 percent aggregate increase at the midpoint when compared to the guidance furnished at the time of the merger’s announcement.

“The Core team continues to drive forward with the capture of the originally identified synergies while surfacing new opportunities for value creation,” Lang said. “As we look ahead, we expect these efforts to drive increases in the value we secure for our products in the marketplace, reductions in our average operating costs, an expansion of our operating margins, and a significantly leaner corporate structure.”

Financial, Liquidity, and Capital Return Update

In February, Core announced a new capital return framework targeting the return to stockholders of around 75 percent of free cash flow, with the significant majority of that return directed to share repurchases complemented by a sustaining quarterly dividend of $0.10 per shar

2025
Q1

Q1 2025 Earnings

8-K

May 8, 2025

0001193125-25-115451

EX-99.1

2 d828774dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

Core Natural Resources Reports First Quarter 2025 Results

Returns $106.6 million to investors via share buybacks and quarterly dividend

Increases merger-related synergies target by 10% at midpoint to between $125 and $150 million

Makes excellent progress towards full resumption of operations at Leer South

Executes well-timed capital market transactions establishing target capital structure while boosting liquidity,

extending maturities, reducing interest rates, and increasing financial flexibility

CANONSBURG, PA (May 8, 2025) - Today, Core Natural Resources, Inc. (NYSE: CNR) (“Core” or the “company”) reported a net loss of $69.3 million, or $1.38 per diluted share, in the first quarter of 2025, which included merger-related expenses of $49.2 million and a loss of $11.7 million associated with the extinguishment of debt. Core reported adjusted EBITDA1 of $123.5 million and revenues of $1,017.4 million for the first quarter of 2025.

“Since completing the merger on January 14, Core has made exceptional progress in integrating the operating portfolio and beginning to unlock the tremendous potential of the new company,” said Paul A. Lang, Core’s chief executive officer. “To date, the Core team has launched and executed upon a powerful capital return program; put in place strategies expected to deliver the previously identified synergies while increasing the targeted range by 10 percent; and further tightened the alignment between its two core lines of business – global metallurgical and high calorific value thermal coals.”

“Importantly, the Core team is already executing at a high level operationally, driven by a strong performance by the high c.v. thermal segment,” Lang said. “Even with the uncertain global trade environment, the high c.v. thermal segment leveraged its strong book of contracted business, strengthening U.S. power markets, and solid pricing in the international marketplace to generate substantial free cash flow1. Meanwhile, the metallurgical segment performed as expected, with a solid cost performance across most of the operating portfolio – led by record quarterly production at the Leer mine – serving to limit the impact of the longwall outage at Leer South.”

As indicated, Core also made excellent progress on its recently adopted capital return program, returning a total of $101.3 million to stockholders via the repurchase of 1.4 million shares, or around 3 percent of Core’s total shares outstanding as of the program’s launch on February 20, 2025. The company also paid a quarterly dividend of $0.10 per share. “At a time when most of the global resource sector is focused on cash preservation, our low-cost mining operations, advantageous contract position, substantial cash balance, and strong balance sheet are enabling Core to act opportunistically in today’s depressed equity market environment,” Lang said.

Leer South Update

In mid-January 2025, Core announced that it was temporarily sealing Leer South’s active longwall panel to extinguish isolated combustion-related activity. Since that time, the Leer South team – in close collaboration with federal and state regulators – has safely sealed the affected area, extinguished all combustion-related activity, resumed development work with continuous miner units, and completed a remote assessment of the mine’s longwall system, which solidified the company’s belief that the longwall equipment was largely unaffected by the event.

“On behalf of the board and the entire senior management team, I want to again commend the operations team as well as federal and state regulators for their exceptional, ongoing work in managing this situation in a safe and efficient manner,” Lang said. “We continue to make substantial progress on all fronts and remain on track to resume longwall production by mid-year, in keeping with our originally indicated timeline. Notably, development work at the mine – which resumed in February with the restart of continuous miner units – is progressing at a strong pace and acting to greatly increase the development lead time for future longwall production. We expect that increase to translate into higher longwall productivity once longwall operations resume.”

Synergy Update

As indicated, Core has increased its targeted range for synergy creation by 10 percent at the midpoint to $125 to $150 million per year, having already executed strategies expected to deliver the midpoint of the initially provided guidance. Moreover, the team continues to press forward with its intensive efforts to identify and pursue further opportunities.

“In the first four months since the merger’s completion, the Core team has made tremendous progress in integrating the operating portfolio and unlocking the value of the already identified synergies, while setting its sights on additional value creation via further streamlining, cost reduction, efficiency improvement, and product optimization

2024
Q4

Q4 2024 Earnings

8-K

Feb 20, 2025

0001710366-25-000008

EX-99.1

2 ceix-q42024x8kexhibit991.htm

EX-99.1

Document

Exhibit 99.1

Core Natural Resources Reports Fourth Quarter 2024 Results

Adopts new capital return framework heavily weighted toward share repurchases

Announces board authorization of $1 billion for share repurchases

Takes steps in first five weeks to lock in one-third of projected synergies

Resumes development work with continuous miner units at Leer South mine

CANONSBURG, PA (February 20, 2025) — Today, Core Natural Resources, Inc. (NYSE: CNR) reported financial and operating results for the period ended December 31, 2024.

Management Comments

“The Core team is off to an excellent start in integrating the combined operating, marketing and logistics portfolio into a cohesive, high-performing unit; capturing the substantial synergies created by this transformational merger; and laying the foundation for long-term value creation via the tight alignment of its global metallurgical and high calorific value thermal segments,” said Paul A. Lang, Core's chief executive officer.

Shareholder Return Framework

“Core’s board of directors recently adopted a capital return framework designed to reward shareholders for their strong, ongoing support,” Lang said. “The centerpiece of this framework is the targeted return to shareholders of around 75 percent of free cash flow, with the significant majority of that return directed to share repurchases complemented by a sustaining quarterly dividend of $0.10 per share.”

In strong support of this new framework, the board authorized a total of $1.0 billion in share repurchases.

Leer South Update

On January 15, 2025, Core announced that it was sealing Leer South’s active longwall panel to extinguish isolated combustion-related activity there. Since that time, the Leer South team – in close collaboration with federal and state regulators – has safely re-entered the mine and resumed development work with continuous miner units. Additionally, the team has assessed – via the deployment of infrared cameras and other monitoring activities – that the mine’s longwall equipment was largely unaffected by the event.

“On behalf of the board and the entire senior management team, I want to again commend the operations team as well as federal and state regulators for their exceptional work in managing this situation in a safe and efficient manner,” Lang said. “The team’s great efforts have placed us well on track to resume longwall production mid-year, in keeping with our originally indicated timeline.”

Synergy Update

The Core team is sharply focused on driving forward with capturing the already identified $110 million to $140 million in synergies created by the combination. “In the five weeks since the merger’s completion, the team has executed on strategies that are expected to yield approximately one third of that value – at the midpoint of guidance – via the streamlining of the operational and corporate structure, coal blending opportunities, and early progress in the procurement arena,” Lang said. “Simultaneously, we are exploring additional avenues for value creation – via the sharing of best practices and the harnessing of the Core team’s collective expertise and creativity – as we seek to ensure that Core delivers on its vast potential.”

Financial and Liquidity Update

Upon the merger’s closing on January 14, 2025, Core had total liquidity of $1.1 billion, including $590 million in cash and cash equivalents and short-term investments.

As previously announced, in connection with the closing of the merger, Core recently amended and extended the legacy CONSOL revolving credit facility, upsizing the facility commitments to $600 million from the previous $355 million while extending the maturity to April 30, 2029. Additionally, Core successfully reduced the annual interest rate by 75 basis points while further enhancing financial flexibility.

Prior to the merger’s close, CONSOL purchased at par – and in lieu of redemption – Arch’s outstanding tax-exempt bonds for $98.1 million and plans to remarket these bonds at a later date, subject to market conditions.

The Company projects merger-related cash expenditures of around $100 million during 2025, as well as the expenditure of around $30 million related to the combustion-related event at Leer South. Core estimates that capital expenditures will total between $300 million and $330 million during 2025.

“Even with these projected uses of cash, we expect to have excess cash available to deploy to the capital return program during the balance of 2025,” said Mitesh Thakkar, Core’s president and chief financial officer. “In addition, we expect the continued progress in synergy capture, along with the remarketing of the tax-exempt bonds, to provide a tailwind in terms of projected cash availability.”

The Core board has declared a $0.10 per share quarterly dividend, payable on March 17, 2025, to stockholders of record on March 3, 2025.

Operating Results

During the fourth qu

2024
Q3

Q3 2024 Earnings

8-K

Nov 5, 2024

0001710366-24-000029

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2024
Q2

Q2 2024 Earnings

8-K

Aug 8, 2024

0001710366-24-000016

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2024
Q1

Q1 2024 Earnings

8-K

May 7, 2024

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2023
Q4

Q4 2023 Earnings

8-K

Feb 6, 2024

0001710366-24-000003

Transcript text not available. View on SEC.gov →

2023
Q3

Q3 2023 Earnings

8-K

Oct 31, 2023

0001710366-23-000021

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2023
Q2

Q2 2023 Earnings

8-K

Aug 8, 2023

0001710366-23-000016

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2023
Q1

Q1 2023 Earnings

8-K

May 2, 2023

0001710366-23-000010

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2022
Q4

Q4 2022 Earnings

8-K

Feb 7, 2023

0001710366-23-000002

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2022
Q4

Q4 2022 Earnings

8-K

Jan 23, 2023

0001193125-23-012606

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2022
Q3

Q3 2022 Earnings

8-K

Nov 1, 2022

0001437749-22-025267

ceix20220830_8k.htm

false 0001710366

0001710366

2022-11-01 2022-11-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 1, 2022

CONSOL Energy Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38147

82-1954058

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

275 Technology Drive Suite 101

Canonsburg, Pennsylvania 15317

(Address of principal executive offices)

(Zip code)

Registrant's telephone number, including area code:

(724) 416-8300

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

CEIX

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

CONSOL Energy Inc. (the "Company," "we," "us," "our") issued a press release on November 1, 2022 announcing its 2022 third quarter results. A copy of the press release is attached to this Form 8-K as Exhibit 99.1.

Please refer to our website at www.consolenergy.com for additional information regarding the Company. For example, periodically during the quarter, we may provide investor presentations, which would appear on our website in the Investors section.

The information in this Current Report and the exhibit hereto are being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report and exhibit hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD

The response to Item 2.02 is incorporated herein by reference to this Item 7.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1

Press release of CONSOL Energy Inc. dated November 1, 2022

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CONSOL Energy Inc.

(Registrant)

By:

/s/ MITESHKUMAR B. THAKKAR

Miteshkumar B. Thakkar

Chief Financial Officer

Dated: November 1, 2022

2022
Q2

Q2 2022 Earnings

8-K

Aug 4, 2022

0001437749-22-018727

ceix20220526_8k.htm

false 0001710366

0001710366

2022-08-04 2022-08-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 4, 2022

CONSOL Energy Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38147

82-1954058

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

275 Technology Drive Suite 101

Canonsburg, Pennsylvania 15317

(Address of principal executive offices)

(Zip code)

Registrant's telephone number, including area code:

(724) 416-8300

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

CEIX

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

CONSOL Energy Inc. (the "Company," "we," "us," "our") issued a press release on August 4, 2022 announcing its 2022 second quarter results. A copy of the press release is attached to this Form 8-K as Exhibit 99.1.

Please refer to our website at www.consolenergy.com for additional information regarding the Company. For example, periodically during the quarter, we may provide investor presentations, which would appear on our website in the Investors section.

The information in this Current Report and the exhibit hereto are being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report and exhibit hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD

The response to Item 2.02 is incorporated herein by reference to this Item 7.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1

Press release of CONSOL Energy Inc. dated August 4, 2022

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CONSOL Energy Inc.

(Registrant)

By:

/s/ MITESHKUMAR B. THAKKAR

Miteshkumar B. Thakkar

Chief Financial Officer

Dated: August 4, 2022

2022
Q1

Q1 2022 Earnings

8-K

May 3, 2022

0001437749-22-010569

ceix20220131_8k.htm

false 0001710366

0001710366

2022-05-03 2022-05-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 3, 2022

CONSOL Energy Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38147

82-1954058

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

275 Technology Drive Suite 101

Canonsburg, Pennsylvania 15317

(Address of principal executive offices)

(Zip code)

Registrant's telephone number, including area code:

(724) 416-8300

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

CEIX

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

CONSOL Energy Inc. (the "Company," "we," "us," "our") issued a press release on May 3, 2022 announcing its 2022 first quarter results. A copy of the press release is attached to this Form 8-K as Exhibit 99.1.

Please refer to our website at www.consolenergy.com for additional information regarding the Company. For example, periodically during the quarter, we may provide investor presentations, which would appear on our website in the Investors section.

The information in this Current Report and the exhibit hereto are being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report and exhibit hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD

The response to Item 2.02 is incorporated herein by reference to this Item 7.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1

Press release of CONSOL Energy Inc. dated May 3, 2022

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CONSOL Energy Inc.

(Registrant)

By:

/s/ MITESHKUMAR B. THAKKAR

Miteshkumar B. Thakkar

Chief Financial Officer

Dated: May 3, 2022

2021
Q4

Q4 2021 Earnings

8-K

Feb 8, 2022

0001437749-22-002657

ceix20211124_8k.htm

false 0001710366

0001710366

2022-02-08 2022-02-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 8, 2022

CONSOL Energy Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38147

82-1954058

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

1000 CONSOL Energy Drive, Suite 100

Canonsburg, Pennsylvania 15317

(Address of principal executive offices)

(Zip code)

Registrant's telephone number, including area code:

(724) 416-8300

Not applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

CEIX

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

CONSOL Energy Inc. (the "Company," "we," "us," "our") issued a press release on February 8, 2022 announcing its 2021 fourth fiscal quarter and year-end results. A copy of the press release is attached to this Form 8-K as Exhibit 99.1.

Please refer to our website at www.consolenergy.com for additional information regarding the Company. For example, periodically during the quarter, we may provide investor presentations, which would appear on our website in the Investors section.

The information in this Current Report and the exhibit hereto are being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report and exhibit hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD

The response to Item 2.02 is incorporated herein by reference to this Item 7.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1

Press release of CONSOL Energy Inc. dated February 8, 2022

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CONSOL Energy Inc.

(Registrant)

By:

/s/ MITESHKUMAR B. THAKKAR

Miteshkumar B. Thakkar

Chief Financial Officer

Dated: February 8, 2022

About Core Natural Resources Inc. (CNR) Earnings

This page provides Core Natural Resources Inc. (CNR) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.

Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on CNR's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.

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