Core Natural Resources (CNR) Company Report

Core Natural Resources, Inc. has resumed longwall operations at its Leer South metallurgical mine in West Virginia, which had been idle since January 13, 2025, due to combustion-related activity.
The company successfully recovered major mining equipment and permanently sealed the affected area, expecting Leer South to be fully ramped and operating efficiently in 2026.
Additionally, Core's West Elk longwall mine in Colorado is now achieving consistent productivity levels following a transition, with improved performance anticipated.
Core anticipates a significant step-up in financial performance in 2026 due to these operational improvements, substantial insurance recoveries, and full-year merger-related synergies.

7 days ago

8-K

Core Natural Resources Resumes Leer South Longwall Mining and Anticipates Improved 2026 Performance

CNR

New Projects/Investments

Guidance Update

Core Natural Resources (CNR) has resumed longwall operations at its Leer South metallurgical mine in West Virginia, which had been idle since January 13, 2025, due to combustion-related activity.
The company also announced that its West Elk longwall mine in Colorado is now operating at consistent productivity levels following a transition to the B-Seam, with expectations for continued improved performance.
Core anticipates a significant step-up in its financial performance in 2026, attributing this to the Leer South restart, improved geological conditions at West Elk, substantial insurance recoveries, and the full-year benefit of merger-related synergies.

7 days ago

Press Release

Core Natural Resources Reports Q3 2025 Results and Capital Returns

CNR

Earnings

Share Buyback

Dividends

Core Natural Resources reported net income of $31.6 million, or $0.61 per diluted share, and adjusted EBITDA of $141.2 million on $1,002.5 million in revenues for the third quarter of 2025.
The company generated $87.9 million in net cash provided by operating activities and $38.9 million in free cash flow during Q3 2025.
Core returned $24.6 million to stockholders in Q3 2025 via share buybacks and quarterly dividends, bringing the total returned since the capital return program's launch in February to $218.3 million.
As of September 30, 2025, Core had total liquidity of $995.4 million, including $444.7 million in cash and cash equivalents.
Operationally, Core completed the transition to a more advantageous reserve area at the West Elk mine and expanded its committed sales position for 2026, though the planned restart of the Leer South longwall is delayed due to a government shutdown.

Nov 6, 2025, 11:54 AM

8-K

Core Reports Q3 2025 Results

CNR

Earnings

Dividends

Share Buyback

Core Natural Resources reported net income of $31.6 million, or $0.61 per diluted share, on $1,002.5 million in revenues for the third quarter of 2025.
The company generated $87.9 million in net cash provided by operating activities and $38.9 million in free cash flow during Q3 2025.
Core returned $24.6 million to stockholders in Q3 2025 through share buybacks and quarterly dividends, bringing the total returned to $218.3 million since the capital return program's launch in February. As of September 30, 2025, $797.4 million remained under its share repurchase authorization.
Operationally, Core completed the transition to a more advantageous reserve area at the West Elk mine and expanded its committed sales position, though the planned restart of the Leer South longwall was delayed due to a government shutdown.
As of September 30, 2025, Core maintained $995.4 million in total liquidity, including $444.7 million in cash and cash equivalents.

Nov 6, 2025, 11:45 AM

Press Release

Core Natural Resources Announces CEO Transition

CNR

CEO Change

Management Change

Executive Compensation

Core Natural Resources, Inc. has appointed Jimmy Brock, the current board chair, to the additional role of Chief Executive Officer, effective October 6, 2025.
Paul A. Lang has departed as CEO and board member, agreeing to provide transition consulting services through the end of 2025.
In connection with his separation, Mr. Lang is set to receive a lump sum cash payment of $7,950,553, in addition to the settlement of his outstanding restricted stock units.

Oct 8, 2025, 12:14 PM

8-K

Core Natural Resources Announces CEO Change

CNR

CEO Change

Management Change

Board Change

Core Natural Resources (CNR) announced the appointment of Jimmy Brock as its new Chief Executive Officer, effective immediately.
Brock has served as executive chair of Core's board since January 14, 2025, when Core was formed via a merger between Arch Resources and CONSOL Energy.
He succeeds Paul A. Lang, who is departing as CEO and board member but will provide transition consulting services through the end of the year.

Oct 8, 2025, 11:55 AM

Press Release

Core Natural Resources Reports Q2 2025 Results, Increases Synergy Target, and Details Capital Return

CNR

Earnings

Guidance Update

Share Buyback

Core Natural Resources reported a net loss of $36.6 million and adjusted EBITDA of $144.3 million for Q2 2025, while generating $131.1 million in free cash flow.
The company increased its merger-related annual synergies target to between $150 million and $170 million, an approximately 30 percent increase at the midpoint from original guidance.
In Q2 2025, Core returned $87.1 million to stockholders through share buybacks and quarterly dividends, contributing to a year-to-date total of $193.7 million. The company repurchased 1.2 million shares for $81.9 million at an average price of $69.64 in Q2, with $816.8 million remaining under its $1.0 billion share repurchase program as of June 30, 2025.
Core's total liquidity stood at $948 million as of June 30, 2025, including $413 million in cash and cash equivalents, reflecting an increase of $90 million in overall liquidity and $25 million in cash and cash equivalents during Q2.
The company is advancing its plan to resume longwall production at Leer South, expecting to incur $20 million to $30 million in fire extinguishment and idle costs in Q3 2025, with anticipated insurance recoveries exceeding $100 million.

Aug 5, 2025, 12:00 AM

8-K

CNR Executes Receivables Financing and Sale Agreements

CNR

Debt Issuance

Core Natural Resources, Inc. (CNR) entered into a Receivables Financing Agreement and a Third Amended and Restated Sale and Contribution Agreement on July 28, 2025.
The Receivables Financing Agreement establishes CORE RECEIVABLE COMPANY, LLC as the Borrower, with PNC BANK, NATIONAL ASSOCIATION serving as the LC Bank and Administrative Agent, and CORE SALES, LLC as the initial Servicer.
The Third Amended and Restated Sale and Contribution Agreement was executed between ARCH RESOURCES, INC. as the Transferor and CORE SALES, LLC as the Servicer.
These agreements outline specific criteria for Eligible Receivables, including requirements for their transfer, legal compliance, and the establishment of a first priority perfected security interest for the Administrative Agent.
Audited consolidated financial statements for the Parent and its Subsidiaries as of December 31, 2024, and financial projections for 2025 through 2029, have been provided to the Administrative Agent in connection with these agreements.

Jul 31, 2025, 12:00 AM

8-K

Core Natural Resources Q1 2025 Investor Update & Results

CNR

Share Buyback

Dividends

M&A

Earnings

Q1 2025 Financial Results: Core reported a net loss of $69.3 million (or $1.38 per diluted share), adjusted EBITDA of $123.5 million, and revenues of $1,017.4 million, impacted by merger-related expenses and debt extinguishment costs .
Capital Return Program: Returned approximately $106.6 million to stockholders through a share repurchase of roughly 1.4 million shares (around 3% of total shares) and declared a quarterly dividend of $0.10 per share; one report also cites a $101.3 million share buyback .
Operational & Synergy Update: Increased its merger synergy target by 10% to $125–$150 million annually and made significant progress on operational integration, with plans to resume longwall production at Leer South by mid-year .

May 8, 2025, 12:00 AM

Press Release 8-K

CONSOL and Arch Merger: Successful Refinancing Completed

CNR

Debt Issuance

M&A

Core Natural Resources, formed from the merger of CONSOL Energy Inc and Arch Resources Inc, announced a successful refinancing that increased the bond amount from $276 million to $307 million.
The refinancing secured a 10-year term for the unsecured bonds, maturing in March 2035, with a reduced weighted average interest rate of 5.3%.

Mar 28, 2025, 11:00 AM

Press Release