Core Natural Resources Q3 adjusted EBITDA misses estimates
Overview
US coal producer's Q3 adjusted EBITDA missed analyst expectations
Q3 revenue was $1.1 bln and EPS was $0.18
Company returned $90 mln to shareholders, reducing share count by ~10% since Feb 2025
Outlook
Core Natural Resources sees 2026 coking coal sales volume at 9.0-9.5 mln tons
Company expects 2026 high CV thermal coal sales of 31.5-32.5 mln tons
Core forecasts 2026 Powder River Basin coal sales of 47.5-49.5 mln tons
Result Drivers
HIGH CV THERMAL SEGMENT - Coal sales and realized revenue per ton declined due to sales mix and geologic variability at Pennsylvania Mining Complex
METALLURGICAL SEGMENT - Realized coal revenue per ton increased 5% but cash costs rose due to short-term contract labor; sales volumes affected by stormy weather delays
POWDER RIVER BASIN SEGMENT - Sales volumes rose 32% due to seasonally stronger demand; cash cost per ton improved with higher volumes
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $1.10 bln | ||
Q3 EPS | $0.18 | ||
Q3 Adjusted EBITDA | Miss | $165.20 mln | $206.20 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the coal peer group is "buy"
Wall Street's median 12-month price target for Core Natural Resources, Inc. is $110.00, about 37.1% above its November 4 closing price of $80.22
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
Nov 3 - Ramaco Resources Q3 adjusted EBITDA misses estimates on higher costs; lowers FY production guidance
Nov 4 - Peabody Energy Q3 revenue beats on stronger export coal prices
Nov 4 - Warrior Met Coal Q3 revenue beats estimates on Blue Creek mine production
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)