The earnings call reflects a balanced outlook with significant achievements in cash generation, synergy realization, and shareholder returns despite challenging market conditions and operational setbacks. Support from the U.S. government provides positive momentum, but export market challenges and operational delays at Leer South offset some of the positive aspects.

Company Guidance

In the recent earnings call, Core Natural Resources, Inc. provided guidance indicating strong financial performance despite a challenging market environment. The company reported an adjusted EBITDA of $144 million and free cash flow of $131 million for the second quarter of 2025. They surpassed their original merger-related annual synergy target, increasing it to a range of $150 million to $170 million, which is approximately 30% higher at the midpoint than initially projected. The firm returned $87 million to shareholders through share buybacks and dividends, bringing the total return to $194 million in the first half of the year. Additionally, they announced the authorization of a $1 billion share repurchase program, with $817 million remaining. The company also highlighted its liquidity improvements, increasing cash and cash equivalents by $25 million and overall liquidity by $90 million. Despite the current outage at the Leer South mine, plans for resuming longwall production are underway, with an expected return to full operation in the fourth quarter. Furthermore, Core is strategically positioned to navigate the volatile market, with robust contract positions in high CV thermal and PRB segments for 2025 and ongoing synergy capture expected to enhance performance as the year progresses.

Strong Cash Generation Despite Market Conditions

Core Natural Resources generated an adjusted EBITDA of $144 million and free cash flow of $131 million in Q2. Cash and cash equivalents increased by $25 million, and overall liquidity rose by $90 million.

Increased Synergy Targets

The company raised its merger-related annual synergy target to $150 million to $170 million, approximately 30% higher than the original guidance.

Significant Shareholder Returns

Returned $87 million to shareholders through share buybacks and dividends, totaling $194 million returned in the first two quarters of 2025, surpassing 100% of free cash flow.

Operational Excellence in Thermal and PRB Segments

High CV thermal segment increased sales volumes and lowered unit costs. The Powder River Basin segment delivered strong performance with increased shipments.

Advancements in Leer South Mine

Plan for resuming longwall production at Leer South is on track for Q4, with equipment and infrastructure evaluations showing good condition.

Support from U.S. Government

U.S. government actions, including executive orders and new legislation, are expected to strengthen the coal industry and enhance competitiveness.

Core Natural Resources (CNR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CNR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	- / -	3.22	―	―	―
Aug 05, 2025	2025 (Q2)	0.41 / -0.70	1.96	-135.71% (-2.66)
May 08, 2025	2025 (Q1)	1.28 / -1.38	3.39	-140.71% (-4.77)
Feb 20, 2025	2024 (Q4)	2.68 / 1.04	5.05	-79.41% (-4.01)	―
Nov 05, 2024	2024 (Q3)	3.17 / 3.22	3.11	3.54% (+0.11)
Aug 08, 2024	2024 (Q2)	0.94 / 1.96	4.94	-60.32% (-2.98)
May 07, 2024	2024 (Q1)	2.37 / 3.39	6.51	-47.93% (-3.12)
Feb 06, 2024	2023 (Q4)	4.89 / 5.05	5.39	-6.31% (-0.34)
Oct 31, 2023	2023 (Q3)	4.80 / 3.11	4.25	-26.82% (-1.14)
Aug 08, 2023	2023 (Q2)	4.66 / 4.94	3.54	39.55% (+1.40)

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
Aug 05, 2025	$76.56	$78.17	+2.10%
May 08, 2025	$75.15	$67.70	-9.91%
Feb 20, 2025	$77.42	$81.56	+5.35%
Nov 05, 2024	$107.55	$113.09	+5.15%

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 Nov 11, 2025, Before Open (Confirmed).

What is Core Natural Resources (CNR) earnings time?

Core Natural Resources (CNR) earnings time is at Nov 11, 2025, 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?

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What is CNR EPS forecast?

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