Quarterly ResultMay 7, 2026, 07:02 AM
Core Natural Resources Q1 Net Income $21.0M; Adjusted EBITDA $179.9M
AI Summary
Core Natural Resources, Inc. reported strong first quarter 2026 results, with net income of $21.0 million and adjusted EBITDA of $179.9 million. The company delivered excellent operating performances, particularly at Leer South and West Elk, and generated significant free cash flow of $55.5 million. Core continued its robust capital return program, distributing $47.0 million to stockholders during the quarter, bringing the total returned since Q1 2025 to $292.1 million. The company also provided optimistic 2026 guidance, anticipating further operational improvements and strong free cash flow generation.
Key Highlights
- Reported Q1 2026 net income of $21.0 million, or $0.41 per diluted share.
- Achieved Q1 2026 adjusted EBITDA of $179.9 million and revenues of $1.1 billion.
- Generated net cash from operating activities of $119.4 million and free cash flow of $55.5 million in Q1.
- Returned $47.0 million to stockholders in Q1 via share repurchases and dividends.
- Repurchased 464,600 shares for $41.9 million at an average price of $90.23 in Q1.
- Metallurgical segment cash cost of coal sold per ton decreased 11% to $92.35 in Q1.
- Declared a quarterly dividend of $0.10 per share payable on June 12, 2026.
- Provided 2026 guidance: total sales volume 85.6-91.4M tons; capital expenditures $325-375M.