Overview

* Core Natural Resources ( CNR ) Q3 adjusted EBITDA beats analyst expectations

* Company reported Q3 revenue of $1.0025 bln

* Core returned $24.6 mln to stockholders via buybacks and dividends

Outlook

* Core anticipates improved performance at West Elk due to better coal quality

* Company expects Leer South restart to enhance metallurgical segment contributions

* Core gears up for significant performance improvement in 2026

Result Drivers

* SALES EXPANSION - Expanded committed sales position in high calorific value thermal and Powder River Basin segments at favorable margins

* GOVERNMENT SHUTDOWN IMPACT - Government shutdown delayed planned restart of Leer South longwall

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.003

Revenue bln

Q3 Beat $141.20 $125.57

Adjusted mln mln (4

EBITDA Analysts

)

Q3 Free $38.90

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "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 ( CNR ) is $105.50, about 26.4% above its November 5 closing price of $77.63

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(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.)