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Core Natural Resources, Inc. (CNR)
NYSE:CNR
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
-1.38Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call describes a company emerging from a challenging 2025 marked by a major combustion event at Leer South, West Elk startup delays, sizable incident and idling costs, and reported net losses. However, management emphasizes that integration is nearly complete, synergy targets were exceeded, critical operations (Leer South and West Elk) are back online and productive, contracting coverage improved materially for 2026, supportive public policy and market tailwinds (U.S. coal consumption +12%, PLV +25%) are evident, and the company returned ~$245M to shareholders in 2025. While there are notable timing risks (insurance recoveries, tax credit cash timing), low PRB margins, and elevated near-term CapEx, the preponderance of operational recoveries, contracting progress, capital returns, and policy/market tailwinds lead management to a constructive outlook for 2026.Company Guidance
Integration and Synergies Progress
Integration of the merged companies is nearly complete; management reports exceeding synergy targets and expects continued SG&A and marketing/logistics benefits (including byproduct/blending uplifts). Long-term cash-based SG&A target ~ $90M (midpoint of guidance).
Leer South Longwall Restarted and Performing
Leer South longwall restarted mid-December and achieved its production target in the first month back; management expects favorable mining conditions and a return to world-class longwall performance in 2026.
West Elk Transition to B Seam Complete and Productive
Transition to the B seam at West Elk completed as of December; elevated methane and water issues have been resolved and the mine is running at very high productivity levels with management targeting expanded customer demand for higher-quality coal.
Strong Capital Returns in 2025
Core returned $245 million to stockholders in 2025 (nearly 100% of free cash flow), including ~$224 million in share repurchases (buyback of ~6% of shares outstanding) and a sustained quarterly dividend of $0.10 per share.
Contracting Progress and Forward Sales
Added ~7 million tons each to sold positions (high CV thermal and PRB) since 3Q'25; contracted positions reported: ~24 million tons (high CV thermal) and 47 million tons (PRB). Metallurgical segment nearly 7 million coking tons contracted for 2026 with ~2.4 million tons priced.
2026 Operational and Financial Guidance
2026 guidance includes: High CV thermal sales 30–32M tons (76% contracted at midpoint) with expected coal revenue > $57/ton and cash cost $38–$39.50/ton; Metallurgical sales 8.6–9.4M tons with priced revenue ≈ $120/ton and cash cost $88–$94/ton; PRB sales 47–50M tons (47.4M contracted) with avg revenue ≈ $14.15/ton and cash cost $13–$13.50/ton. CapEx guide $325–$375M; cash SG&A $85–$100M.
Market Tailwinds and Pricing Upside
U.S. utility coal consumption estimated up ~12% vs 2024 (PJM +19%, MISO +15%). PLV benchmark prices increased ~25% since early December to ~ $250/metric ton due to Australian supply disruptions. Management highlights data-center driven power demand growth (global data centers ~14% CAGR to 2030; Americas ~17% CAGR).
Rare Earths and Critical Materials Progress
Exploration and R&D progress: additional PRB drill holes show enriched REE concentrations near seam margins; exclusive option to license Virginia Tech extraction technology for Northern Appalachian PMC; advancing coal-based battery materials and aerospace/defense initiatives.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $74.86 | $67.44 | -9.91% |
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, Inc. (CNR) report earnings?
Core Natural Resources, Inc. (CNR) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Core Natural Resources, Inc. (CNR) earnings time?
Core Natural Resources, Inc. (CNR) earnings time is at May 07, 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 (Q1) is 0.33.