CONSOL Energy Merges with Arch to Form Core Natural Resources

CONSOL Energy ( (CEIX) ) has shared an update.

On January 14, 2025, CONSOL Energy Inc. and Arch Resources, Inc. completed a merger to form Core Natural Resources, Inc., with shares beginning to trade under the new ticker symbol ‘CNR’ on the NYSE on January 15, 2025. This merger aims to create a global leader in the metallurgical and high-rank thermal coal markets, projected to generate $110 million to $140 million in annual cost savings and synergies. The merged entity has extended and increased its revolving credit facility to $600 million, with strong lender participation, enhancing its financial flexibility and liquidity. The merger also saw a reshuffling of leadership and board members to integrate members from both companies, aiming to capture synergies and drive long-term value for stakeholders.

More about CONSOL Energy

Core Natural Resources, Inc., formed through the merger of CONSOL Energy Inc. and Arch Resources, Inc., is a world-class producer and exporter of high-quality, low-cost coals, including metallurgical and high calorific value thermal coals. The company operates a best-in-sector portfolio of mines like the Pennsylvania Mining Complex and Leer South, with a focus on seaborne markets and ownership interests in two marine export terminals.

YTD Price Performance: -7.78%

Average Trading Volume: 645,264

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $5.32B

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