CEIX Company Report

Core Natural Resources reported net income of $32 million and adjusted EBITDA of $141 million for Q3 2025, generating $39 million of free cash flow.
The company returned over 60% of its Q3 2025 free cash flow to shareholders, deploying $19 million toward share repurchases and $5 million to dividends.
Operational challenges at the West Elk Mine are expected to continue partly through Q4 2025, while re-entry at the Lyr-South Mine was delayed due to the unavailability of MSHA personnel.
Core Natural Resources updated its 2025 guidance, lowering coking coal sales volume and capital expenditures, while increasing Powder River Basin (PRB) sales volume.
The company expanded its 2026 contract book by nearly 26 million tons, including 17 million tons for high-CV thermal and 40 million tons for PRB.

Nov 6, 2025, 4:00 PM

CEIX Announces Q3 2025 Financial Results and Operational Updates

CEIX

Earnings

Share Buyback

New Projects/Investments

Core reported net income of $31.6 million, or $0.61 per diluted share, and Adjusted EBITDA of $141.2 million for Q3 2025.
The company generated $38.9 million in free cash flow and increased cash and cash equivalents by $31.5 million, bringing total liquidity to $995.4 million as of September 30, 2025.
Core returned $24.6 million to stockholders in Q3 2025 through share repurchases and dividends, contributing to a year-to-date total of $218.3 million.
The Leer South longwall mine remained idled since January 13, 2025, due to a combustion-related event, incurring $18.4 million in fire extinguishment and idle costs in Q3 2025, with an expected $15 to $25 million in Q4 2025.
Policy developments, including the designation of metallurgical coal as a "critical material" and a reduction in federal coal lease royalty rates, are expected to enhance coal's competitiveness.