Core Natural Resources reports Q3 EPS 61c, consensus (87c)

Reports Q3 revenue $1B, consensus $1.03B. “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 personnel are available.”