Latest news with #CoreNaturalResources
Yahoo
06-08-2025
- Business
- Yahoo
Core Natural Resources Inc (CNR) Q2 2025 Earnings Call Highlights: Navigating Challenges with ...
Release Date: August 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Core Natural Resources Inc (NYSE:CNR) generated significant cash flow with adjusted EBITDA of $144 million and free cash flow of $131 million despite a challenging market environment. The company increased its merger-related annual synergy target to a range of $150 to $170 million, which is approximately 30% higher at the midpoint than the original guidance. CNR returned $87 million to investors through share buybacks and a quarterly dividend, demonstrating a strong commitment to shareholder returns. The company increased its cash and cash equivalents by $25 million and overall liquidity by $90 million, enhancing its financial stability. CNR's Powder River Basin segment delivered strong performance, with increased demand from power generators ahead of the summer season. Negative Points CNR reported a net loss of $37 million or $0.70 per diluted share for the second quarter. The company faced challenges with the Lear South mine, including a combustion event that required sealing and delayed production restart. Global coking coal markets remain soft, pressured by sluggish steel production in key regions such as Europe and China. The metallurgical segment experienced increased cash costs due to the delayed restart of the Longwall at Lear South and reduced production at the Iman mine. Export markets, particularly in the metallurgical segment, remain challenged due to ongoing global trade headwinds. Q & A Highlights Warning! GuruFocus has detected 5 Warning Sign with CNR. Q: Why was the buyback not larger given the weak share price and positive outlook? A: Natas, CFO, explained that while the guidance was to return approximately 75% of free cash flow to shareholders, they have actually returned over 100% in the first half of the year. The company monitors market conditions and deploys cash accordingly, with some quarters seeing higher returns than others. Q: How should the $100 million insurance recovery for Lear South be considered in terms of capital returns? A: Natas, CFO, stated that these funds, similar to working capital, are available for all corporate purposes, including the capital return program, as the company sees significant value in its stock. Q: What is the confidence level in Lear South returning to normal production levels? A: Paul, CEO, expressed high confidence in resuming operations, with plans to recover longwall equipment in early fall and move it to a new face. The expectation is to be up and running relatively quickly, particularly heading into Q1. Q: What are the expectations for domestic contracting season on the Met side? A: Bob, SVP of Marketing and Sales, mentioned constructive negotiations are ongoing, with expectations that cost structures will prevent significant price decreases. The company plans to participate more in the domestic market. Q: Can you provide more color on the PRB segment's contracting outlook? A: Bob, SVP of Marketing and Sales, noted increased demand, with 33 million tons contracted for next year at an average price in the mid-14s, and a strong appetite for future contracts in both the PRB and high CV segments. Q: Have you conducted any studies on rare earth potential at your mines? A: Paul, CEO, confirmed ongoing drilling and analysis of rare earth potential, similar to peers in the Powder River Basin, and expressed interest in pursuing this further. Q: Can you provide more details on the insurance claims for Lear South and the Baltimore Bridge? A: Natas, CFO, explained that initial claims for expenses have been submitted, with hopes for resolution by year-end. The business interruption claim for Lear South is expected in 2026, with total recovery potentially exceeding $100 million. Q: How should we think about working capital in the second half of the year? A: Natas, CFO, indicated some reversal of working capital is expected, particularly from inventory reduction, but not to the same magnitude as seen in Q2. Q: What are your thoughts on the Union Pacific and Norfolk Southern merger? A: Paul, CEO, acknowledged potential benefits like improved access to East Coast terminals and blending opportunities, but emphasized the need for cost savings to be shared with shippers and for service levels to remain high. Q: How are recent trade tensions with India affecting your business? A: Paul, CEO, and Natas, CFO, noted the importance of India as a trading partner and expressed hope for resolution. They highlighted the flexibility of their product and logistics to adapt to changing trade dynamics. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
05-08-2025
- Business
- Washington Post
Core Natural Resources: Q2 Earnings Snapshot
CANONSBURG, Pa. — CANONSBURG, Pa. — Core Natural Resources, Inc. (CNR) on Tuesday reported a loss of $36.6 million in its second quarter. The Canonsburg, Pennsylvania-based company said it had a loss of 70 cents per share. The coal company posted revenue of $1.1 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CNR at
Yahoo
22-07-2025
- Business
- Yahoo
Core Natural Resources to Announce Second Quarter 2025 Results on August 5
CANONSBURG, Pa., July 22, 2025 /PRNewswire/ -- Core Natural Resources, Inc. (NYSE: CNR) will discuss its second quarter 2025 financial results in an investor conference call on Tuesday, August 5, 2025 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 800-836-8184 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 646-357-8785. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Core website at Following the live event, a replay will be available on the site. Core's second quarter 2025 earnings release will be distributed via PR Newswire before the market opens on August 5 and will be posted to the company's website at that time. About Core Core Natural Resources, Inc. (NYSE: CNR) is a world-class producer of high-quality metallurgical and high calorific value thermal coals for the global marketplace. Core's highly skilled workforce operates a best-in-sector portfolio of large-scale, low-cost longwall mines, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines, along with one of the world's largest and most productive surface mines, Black Thunder. The company plays an essential role in meeting the world's growing need for steel, infrastructure, and energy, while simultaneously serving the resurgent requirements of the U.S. power generation fleet. Core has an extensive and strategic logistical network – anchored by ownership positions in two East Coast marine export terminals – that provides reliable and efficient access to seaborne markets. The company's deeply ingrained culture is grounded in safety and compliance, continuous improvement, and financial performance, with an emphasis on stakeholder engagement and shareholder returns. Core was created in January 2025 via the merger of long-time industry leaders CONSOL Energy and Arch Resources and is based in Canonsburg, Pennsylvania. View original content to download multimedia: SOURCE Core Natural Resources Sign in to access your portfolio
Yahoo
14-07-2025
- Business
- Yahoo
Is Core Natural Resources (CNR) Poised for a Future Upside?
Black Bear Value Partners, an investment management firm, published its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Black Bear Value Fund returned -3.0% in June and -10.5% in the quarter, and -11.7% YTD. The S&P 500 returned +5.1% June, +10.9% in the quarter, and +6.2% year-to-date. HFRI Value Index returned +3.1% in June, +7.7% in the quarter, and +7.1% year-to-date. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Black Bear Value Partners highlighted stocks such as Core Natural Resources, Inc. (NYSE:CNR). Core Natural Resources, Inc. (NYSE:CNR) was formed by merging Arch Resources and CONSOL Energy in January 2025. Core Natural Resources, Inc. (NYSE:CNR) is a US-based company involved in the production, distribution, and export of metallurgical and thermal coals. The one-month return of Core Natural Resources, Inc. (NYSE:CNR) was 3.95%, and its shares lost 28.27% of their value over the last 52 weeks. On July 11, 2025, Core Natural Resources, Inc. (NYSE:CNR) stock closed at $75.60 per share with a market capitalization of $3.981 billion. Black Bear Value Partners stated the following regarding Core Natural Resources, Inc. (NYSE:CNR) in its second quarter 2025 investor letter: "Core Natural Resources, Inc. (NYSE:CNR) is the result of the merger between Consol and Arch Resources. As a combined entity they are one of the leading producers of metallurgical coal (steel) and thermal coal (energy). The Company is heavily dependent on exports so retaliatory tariffs would be damaging. At the same time, there has been a reduction in global capacity so many countries may not have much choice, especially if they need higher quality coal. A tugboat crew navigating a harbor, inching closer to a massive cargo ship. Core Natural Resources, Inc. (NYSE:CNR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge fund portfolios held Core Natural Resources, Inc. (NYSE:CNR) at the end of the first quarter, which was 39 in the previous quarter. While we acknowledge the potential of CNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Core Natural Resources, Inc. (NYSE:CNR) and shared billionaire David Einhorn's stock picks with huge upside potential. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-07-2025
- Business
- Yahoo
New Strong Sell Stocks for July 3rd
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Adecoagro S.A. AGRO is an agro-industrial company. The Zacks Consensus Estimate for its current year earnings has been revised 12.5% downward over the last 60 days. Barings BDC, Inc. BBDC is an investment company. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 60 days. Core Natural Resources, Inc. CNR is a metallurgical and thermal coal company. The Zacks Consensus Estimate for its current year earnings has been revised 44.4% downward over the last 60 days. View the entire Zacks Rank #5 List. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Adecoagro S.A. (AGRO) : Free Stock Analysis Report BARINGS BDC, INC. (BBDC) : Free Stock Analysis Report Core Natural Resources, Inc. (CNR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
