| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.1K | 5.2% | 3.5% |
| Total Income | 1.1K | 5.2% | 3.5% |
| Expenditure | 985.26 | 6.3% | 12.2% |
| PBT | 142.97 | 593.4% | 585.6% |
| Net Profit | 126.47 | 501.1% | 445.9% |
| OPM | 13.65% | 10.63pp | 15.40pp |
| NPM | 11.08% | 9.14pp | 14.40pp |
| EPS | 2.51 | 512.2% | 458.6% |
Core Natural Resources Reports Q2 2026 Results with $1.1 Billion Revenue and $126 Million Net Income
06 Aug 2026 · 6 Aug, 4:41 pm
Summary
Core Natural Resources announced its second quarter 2026 results, reporting revenues of $1.1 billion and a net income of $126.5 million, or $2.51 per diluted share. Adjusted EBITDA for the quarter stood at $323.6 million. The company highlighted strong operational execution, significant per-ton cost and operating margin improvements in its core thermal and metallurgical segments, and the securing of 16 million tons of new sales commitments for future delivery. Management expressed optimism about future performance, expecting a further acceleration of capital return programs.
Key Highlights
- 1
Core Natural Resources reported net income of $126.5 million, or $2.51 per diluted share, for the second quarter of 2026.
- 2
Adjusted EBITDA for the quarter was $323.6 million.
- 3
Second quarter revenues totaled $1.1 billion.
- 4
The company generated $250.4 million in net cash provided by operating activities and $148.0 million in free cash flow during Q2 2026.
- 5
Core's high calorific value thermal segment achieved a 9 percent quarter-over-quarter increase in coal sales, totaling 8.4 million tons.
- 6
The metallurgical segment reported a 7 percent improvement in cash cost of coal sold per ton compared to the previous quarter.
- 7
The marketing team secured 16 million tons of new sales commitments across all segments for delivery in future periods.
Management Comments
Jimmy Brock
During Q2, the Core team made excellent progress in driving operational excellence across the combined mining platform while generating strong free cash flow and robust capital returns. With our marquee operating segments now shifting into high gear, we expect to showcase Core’s full, cash-generating potential moving forward, thus powering a further acceleration of our already substantial capital return program. Looking ahead, we remain laser-focused on achieving world-class productivity and industry-leading cost performance across our entire mining portfolio while operating in tight alignment with our core values of safety and compliance, continuous improvement, and financial performance. Our goal is to drive strong and improving capital returns in the current soft market environment while laying the foundation for truly exceptional returns as coal markets rebound. We see compelling, long-term market opportunities ahead — including resurgent U.S. power demand, tightening global energy markets, and an ongoing infrastructure build-out in the developing world — and we are preparing Core to capitalize on all fronts.
Mitesh Thakkar
During Q2, Core continued to perform at world-class levels and once again demonstrated the value of its diversified, strategic, world-class mining portfolio by generating substantial levels of free cash flow and funding robust capital returns despite a relatively soft market environment. Given Core’s step-change in operational execution, strong cash balance, incremental cash proceeds from insurance settlements, projected drawdown of coal inventories, and an improving shipping outlook in the Powder River Basin, we believe the stage is set for even stronger capital returns — and an accelerated reduction in share count — in the year’s second half.
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