Financial PerformanceCNR reported a 1Q adjusted EBITDA of $123M, which fell short of the $177M consensus and the $186M estimate, largely due to $36M in idling costs related to Leer South.
Market ChallengesMet coal markets remain challenged as they face headwinds from tariff uncertainty, weak steelmaker sentiment, and tepid demand.
Operational DisruptionThe combustion event at Leer South will limit coking coal sales to 7.5M-8.0M tons, impacting shipment and cost expectations.