--- title: "Core Natural Resources | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.141 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/295095944.md" datetime: "2026-08-06T11:08:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295095944.md) - [en](https://longbridge.com/en/news/295095944.md) - [zh-HK](https://longbridge.com/zh-HK/news/295095944.md) generator: "portal-rs" --- # Core Natural Resources | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.141 B Revenue: As of FY2026 Q2, the actual value is USD 1.141 B, beating the estimate of USD 1.119 B. EPS: As of FY2026 Q2, the actual value is USD 2.51, beating the estimate of USD 0.6397. EBIT: As of FY2026 Q2, the actual value is USD 150.1 M. ### Second Quarter 2026 Financial Highlights Core Natural Resources, Inc. reported a net income of $126.5 million for Q2 2026 . Adjusted EBITDA for Q2 2026 was $323.6 million, an increase from $179.9 million in Q1 2026 and $144.3 million in Q2 2025 . Free cash flow for Q2 2026 was $147.986 million, up from $55.5 million in Q1 2026 and $131.1 million in Q2 2025 . Net cash provided by operating activities was $250.447 million . Capital expenditures were - $101.901 million , and dividends and dividend equivalents paid were - $5.028 million . #### Liquidity and Balance Sheet As of June 30, 2026, Core Natural Resources, Inc. had total liquidity of $1.016 billion, an increase from $935 million at March 31, 2026 . This included $474.0 million in cash, cash equivalents, and short-term investments . Total debt was $442.427 million, resulting in net cash of - $31.594 million, compared to net debt of $37.295 million at March 31, 2026 . The company maintains a $600 million revolving credit facility and a $250 million securitization facility . #### Segment Net Income (Loss) for Three Months Ended June 30, 2026 (in thousands) - High CV Thermal: $103,563 - Metallurgical: $123,410 - PRB: - $14,002 - Core Marine Terminal: $16,270 - Other and Corporate: - $102,774 - Consolidated Net Income: $126,467 ### Operational Metrics #### Capital Return Program Core Natural Resources, Inc. returned $68.0 million to stockholders in Q2 2026 via share repurchases and dividend payments, bringing the total returned since February 2025 to $360.1 million . During Q2 2026, the company invested $63.0 million to repurchase 719,904 shares of its common stock at an average price of $87.54 . Since the program’s inception, $329.2 million has been invested to repurchase 4.3 million shares at an average price of $77.04, reducing the overall share count to less than 50 million shares from 54.0 million . As of June 30, 2026, $670.8 million of authorization remained under the $1.0 billion share repurchase program . #### Leer South Insurance Claim Settlement Core Natural Resources, Inc. completed the settlement of its Leer South insurance claim for $154.5 million in total, with $125.4 million received during Q2 2026 . #### New Sales Commitments The company secured 16 million tons of incremental sales commitments for future periods at prices expected to support advantageous operating margins . #### Segment-wise Operational Results (Three Months Ended June 30, 2026) - **High C.V. Thermal Segment:** Tons Sold: 8.4 million tons . Realized Coal Revenue per Ton Sold: $58.11 . Cash Cost of Coal Sold per Ton: $38.58 . Cash Margin per Ton Sold: $19.53 . - **Metallurgical Segment:** Total Tons Sold: 2.6 million tons, including 2.3 million coking coal tons and 0.3 million thermal byproduct tons . Realized Coal Revenue per Ton Sold: $114.13 (total), with coking coal at $121.43 and thermal byproduct at $55.09 . Cash Cost of Coal Sold per Ton: $85.65 . Cash Margin per Ton Sold: $28.48 . - **Powder River Basin Segment:** Tons Sold: 10.2 million tons . Realized Coal Revenue per Ton Sold: $14.28 . Cash Cost of Coal Sold per Ton: $14.85 . Cash Margin per Ton Sold: - $0.57 . #### 2026 Committed Volumes (as of June 30, 2026) - **High Calorific Value Thermal Segment:** 30.9 million tons committed/priced at $58.00; 3.5 million tons committed/unpriced; 3.0 million tons uncommitted . - **Metallurgical Segment:** 6.0 million tons committed/priced at $120.86 (including 2.0 million tons North American business at around $125); 2.7 million tons committed/unpriced; 0.2 million tons uncommitted . - **Powder River Basin Segment:** 50.3 million tons committed/priced at $14.27; 1.2 million tons committed/unpriced; 0.4 million tons uncommitted . #### 2026 Cash Cost Guidance (per ton) - High Calorific Value Thermal: $39.00 - $40.50 - Metallurgical: $86.00 - $91.00 - Powder River Basin: $13.25 - $13.75 #### Outlook / Guidance Core Natural Resources, Inc. anticipates a strengthened free cash flow outlook for the second half of 2026 due to improved operational execution, incremental insurance proceeds, and an improving Powder River Basin outlook . The company has reduced its per-ton cost target in the metallurgical segment by $2.50 per ton at the midpoint, while modestly increasing its Powder River Basin cost guidance due to higher projected diesel prices . The company is also exploring potential future optionality in Rare Earth Elements (REEs) and Critical Minerals (CMs) from its mining operations, alongside developing advanced carbon-based battery materials . ### Related Stocks - [CNR.US](https://longbridge.com/en/quote/CNR.US.md) ## Related News & Research - [Core Natural Resources Q2 2026 earnings preview](https://longbridge.com/en/news/296273089.md) - [Core Natural Resources cut at UBS, seeing improving performance but modest leverage](https://longbridge.com/en/news/296391227.md) - [Core Natural Resources Advances its Executive Succession Plan | CNR Stock News](https://longbridge.com/en/news/296352206.md) - [Core Natural Resources Q2 EBITDA beats estimates](https://longbridge.com/en/news/295095407.md) - [Core Natural Resources (CNR) Expected to Release Earnings on Thursday](https://longbridge.com/en/news/294310323.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**