Core Natural Resources | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.084 B

Revenue: As of FY2026 Q1, the actual value is USD 1.084 B, beating the estimate of USD 1.063 B.EPS: As of FY2026 Q1, the actual value is USD 0.41, beating the estimate of USD 0.3394.EBIT: As of FY2026 Q1, the actual value is USD 27.92 M.Overall Financial Performance (Three Months Ended March 31, 2026)Net Income: $21.0 million Adjusted EBITDA: $179.9 million Revenues: $1.1 billion Net Cash Provided by Operating Activities: $119.4 million Free Cash Flow: $55.5 million Capital Return and LiquidityReturns to Stockholders (Q1 2026): $47.0 million Total Returns to Stockholders (since Q1 2025): $292.1 million Share Repurchases (Q1 2026): Core Natural Resources, Inc. invested $41.9 million to repurchase 464,600 shares at an average price of $90.23 per share .Total Share Repurchases (since program launch): $266.2 million for 3.6 million shares at an average price of $74.92 per share .Remaining Share Repurchase Authorization: $733.8 million under the existing $1.0 billion program as of March 31, 2026 .Quarterly Dividend Declared: $0.10 per share, payable on June 12, 2026 .Total Liquidity (as of March 31, 2026): $935 million, including $413 million in cash and cash equivalents .Segment Operational Results (Three Months Ended March 31, 2026)High C.V. Thermal Segment:Tons Sold: 7.7 million Realized Coal Revenue per Ton Sold: $58.86 Cash Cost of Coal Sold per Ton: $42.56 Cash Margin per Ton Sold: $16.30 Metallurgical Segment:Tons Sold: 2.5 million (total), including 2.1 million coking coal and 0.3 million thermal byproduct .Realized Coal Revenue per Ton Sold: $112.03 (total), $122.11 (coking coal), $41.94 (thermal byproduct) .Cash Cost of Coal Sold per Ton: $92.35 Cash Margin per Ton Sold: $19.68 Powder River Basin Segment:Tons Sold: 11.9 million Realized Coal Revenue per Ton Sold: $14.39 Cash Cost of Coal Sold per Ton: $13.64 Cash Margin per Ton Sold: $0.75 Segment Operational Results (Three Months Ended December 31, 2025)High C.V. Thermal Segment:Tons Sold: 7.8 million Realized Coal Revenue per Ton Sold: $58.11 Cash Cost of Coal Sold per Ton: $41.42 Cash Margin per Ton Sold: $16.69 Metallurgical Segment:Tons Sold: 2.3 million (total), including 2.0 million coking coal and 0.3 million thermal byproduct .Realized Coal Revenue per Ton Sold: $105.45 (total), $114.25 (coking coal), $47.50 (thermal byproduct) .Cash Cost of Coal Sold per Ton: $103.49 Cash Margin per Ton Sold: $1.96 Powder River Basin Segment:Tons Sold: 12.6 million Realized Coal Revenue per Ton Sold: $14.21 Cash Cost of Coal Sold per Ton: $13.62 Cash Margin per Ton Sold: $0.59 Segment Operational Results (Three Months Ended March 31, 2025)High C.V. Thermal Segment:Tons Sold: 7.1 million Realized Coal Revenue per Ton Sold: $63.18 Cash Cost of Coal Sold per Ton: $42.78 Cash Margin per Ton Sold: $20.40 Metallurgical Segment:Tons Sold: 2.3 million (total), including 1.9 million coking coal and 0.4 million thermal byproduct .Realized Coal Revenue per Ton Sold: $98.26 (total), $113.70 (coking coal), $32.83 (thermal byproduct) .Cash Cost of Coal Sold per Ton: $91.00 Cash Margin per Ton Sold: $7.26 Powder River Basin Segment:Tons Sold: 10.7 million Realized Coal Revenue per Ton Sold: $14.93 Cash Cost of Coal Sold per Ton: $12.44 Cash Margin per Ton Sold: $2.49 Condensed Consolidated Statement of Cash Flows (Three Months Ended March 31, 2026)Net Income: $21,044 thousand Depreciation, Depletion and Amortization: $146,295 thousand Other Non-Cash Adjustments to Net Income: $4,554 thousand Changes in Working Capital: -$52,493 thousand Net Cash Provided by Operating Activities: $119,400 thousand Capital Expenditures: -$73,097 thousand Proceeds from Sales of Assets: $9,211 thousand Other Investing Activity: -$15,949 thousand Net Cash Used in Investing Activities: -$79,835 thousand Net Payments on Long-Term Debt, Including Fees: -$8,923 thousand Repurchases of Common Stock: -$41,923 thousand Dividends and Dividend Equivalents Paid: -$5,105 thousand Other Financing Activities: -$1,646 thousand Net Cash Used in Financing Activities: -$57,597 thousand Net Decrease in Cash, Cash Equivalents and Restricted Cash: -$18,032 thousand Cash, Cash Equivalents and Restricted Cash at Beginning of Period: $601,162 thousand Cash, Cash Equivalents and Restricted Cash at End of Period: $583,130 thousand 2026 GuidanceSales Volume (in millions of tons):Coking: 8.6 - 9.4 High C.V. Thermal: 30.0 - 32.0 Powder River Basin: 47.0 - 50.0 Total: 85.6 - 91.4 Metallurgical Segment:Committed, Priced Coking: 3.8 million tons at $122.40 per ton Committed, Unpriced Coking: 4.5 million tons Metallurgical Cash Cost of Coal Sold per Ton: $88.00 - $94.00 High C.V. Thermal Segment:Committed, Priced: 28.5 million tons at $57.85 per ton Committed, Unpriced: 0.6 million tons High C.V. Thermal Cash Cost of Coal Sold per Ton: $38.00 - $39.50 Powder River Basin Segment:Committed, Priced: 47.8 million tons at $14.20 per ton Powder River Basin Cash Cost of Coal Sold per Ton: $13.00 - $13.50 Corporate (in $ millions):Capital Expenditures: $325 - $375 Depreciation, Depletion and Amortization: $600 - $650 Cash Basis Selling, General and Administrative: $85 - $100 Cash Tax Rate: 0% - 5% Outlook SummaryCore Natural Resources, Inc. expects to build on its strong Q1 2026 free cash flow, driven by anticipated operational improvements, better cost performance, and significant incremental insurance proceeds from the Leer South combustion event . The company plans to continue robust capital returns to stockholders, primarily through share repurchases, supported by a strong book of contracted business, especially in the high calorific value thermal segment . Core Natural Resources, Inc. anticipates its diversified assets and logistical network will capitalize on dynamic energy market opportunities, including resurgent U.S. power demand and tightening global energy markets .