Core Natural Resources (CNR)
NYSE:CNR
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
-0.7Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a clearly positive operational and financial turnaround: the company returned to profitability, delivered a sizable sequential adjusted EBITDA increase (~+75%), strengthened contracting and liquidity, executed significant shareholder returns, and progressed merger synergies and diversification into aerospace. Offsetting risks include short-term cost pressures (power and diesel), some operational disruptions (PMC sand/rock intrusions, West Elk rail/inventory constraints, PRB dragline downtime), market volatility in met and thermal export markets, and working capital timing impacts on free cash flow. Management maintained guidance and conveyed confidence that many Q1 headwinds will normalize, but outcomes depend on fuel prices, rail/logistics improvements and timing of insurance recoveries.Company Guidance
Return to Profitability and Strong Adjusted EBITDA
Reported net income of $21 million ($0.41 per diluted share) in Q1 2026, a swing from a net loss of $79 million in Q4 2025. Adjusted EBITDA rose to $180 million in Q1 2026 from $103 million in Q4 2025 (≈+75%).
Metallurgical Segment Recovery and Margin Improvement
Met coking coal sales of 2.1 million tons with realized coking coal revenue of $122.11/ton, a 7% improvement over the prior quarter. Average segment selling price (including 300k thermal byproduct tons) was $112.03/ton. Segment cash costs fell to $92.35/ton from $103.49/ton (≈-11%), and adjusted EBITDA for the segment was $58 million, up $79 million versus the prior period.
High CV Thermal Realizations Stable
High CV Thermal realized coal revenue of $58.86/ton in Q1 2026 versus $58.11/ton in Q4 2025 (≈+1.3%). Q1 sales were 7.7 million tons (vs. 7.8 million tons in Q4 2025).
PRB Operational Scale with Low Unit Cost
Powder River Basin sold 11.9 million tons in Q1 2026 with realized revenue of $14.39/ton and cash cost of $13.64/ton, essentially flat versus the prior quarter's cash cost ($13.62/ton).
Strong Liquidity and Free Cash Flow Generation
Total liquidity of $935 million at quarter end, including $413 million unrestricted cash. Generated $56 million in free cash flow in Q1 2026 (impacted by $52 million negative working capital timing).
Aggressive Capital Return to Shareholders
Returned $47 million to shareholders in Q1 2026 (85% of free cash flow): $42 million in share repurchases and $5 million in dividends. Since program inception (Feb 2025) deployed $292 million, with $266 million in repurchases representing approximately 7% of shares outstanding at program start.
Contracting Momentum and Sold Positions Increased
Secured an additional 11.5 million tons of contracted volume through 2028. High CV Thermal added 5.6 million tons to reach 29.1 million tons (≈94% contracted at midpoint). Metallurgical contracted 8.3 million coking tons (added 1.6 million) with ~3.8 million tons priced at an expected average of $122.40/ton. PRB contracted position ~48 million tons at expected average revenue of $14.20/ton.
Core Innovations / Aerospace Diversification
Completed a 30% expansion in Triadelphia, WV and acquired Sawyer Composite for $8 million. Aerospace venture now has 75,000 sq ft of manufacturing space, 80 employees and serves 40+ customers (including top defense primes), signaling diversification beyond coal.
Synergy Realization and SG&A Progress
On track for meaningful merger synergies: combined prior cash SG&A (~$153 million) versus current guidance top end of ~$100 million, indicating substantial SG&A savings. Management cites a >$160 million synergy run rate (midpoint ~$165 million) on an annualized basis.
CNR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $87.77 | $88.56 | +0.90% |
Feb 12, 2026 | $92.56 | $89.94 | -2.83% |
Nov 06, 2025 | $77.44 | $86.30 | +11.45% |
Aug 05, 2025 | $76.26 | $77.87 | +2.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Core Natural Resources (CNR) report earnings?
Core Natural Resources (CNR) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Core Natural Resources (CNR) earnings time?
Core Natural Resources (CNR) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNR EPS forecast?
CNR EPS forecast for the fiscal quarter 2026 (Q2) is 0.5.