NACCO INDUSTRIES ANNOUNCES DUAL LISTING ON NYSE TEXAS

Rhea-AI Summary

NACCO Industries (NYSE: NC) announced a dual listing of its Class A common stock on NYSE Texas, effective December 11, 2025, while retaining its primary listing on the New York Stock Exchange.

The company will trade on NYSE Texas under the same ticker NC. Management said the move reinforces NACCO's relationship with NYSE, deepens its commitment to Texas — a key region for its natural-resources operations — and aims to increase market visibility while supporting the state's capital-market infrastructure.

Contact and investor resources are available at nacco.com and ir.nacco.com.

Key Figures

Dual listing effective date December 11, 2025 Effective date for NYSE Texas dual listing

Primary listing venue New York Stock Exchange Company will maintain primary NYSE listing

Listing history Over 60 years Time NACCO has been listed on the NYSE

Market Reality Check

$45.89 Last Close

Volume Volume 10,721 is below the 20-day average of 12,003 (relative volume 0.89). normal

Technical Shares at $45.89 are trading above the 200-day MA of $39.08 and 14.83% below the 52-week high of $53.88.

Peers on Argus

NC was down 1.5% pre-news while peers showed mixed moves: HNRG +5.78%, BTU +2.96%, ARLP +1.07%, CNR +4.05%, and NRP -0.61%, suggesting stock-specific dynamics rather than a unified sector trend.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 18	Dividend & buyback	Positive	-5.9%	New dividend declaration and $20M stock repurchase authorization through 2027.
Nov 04	New contract award	Positive	-0.2%	Multi‑year dragline excavation contract for Everglades restoration project.
Oct 28	Earnings schedule	Neutral	+0.6%	Announcement of Q3 2025 earnings release date and conference call details.
Oct 08	Industry award	Positive	-0.4%	Reclamation award for Mitigation Resources of North America’s Burton Bend project.
Sep 25	Long-term contract	Positive	-4.7%	New 10‑year limestone mining contract expanding Florida quarry operations.

Pattern Detected

Recent positive operational and capital-return announcements often coincided with flat to negative next-day price reactions.

Recent Company History

Over the last few months, NACCO reported dividends and a new $20.0 million repurchase authorization, secured multi‑year and 10‑year mining contracts, and highlighted reclamation recognition, yet most events saw modest negative or muted price reactions. The notable dividend and buyback news on Nov 18, 2025 aligned with a -5.94% move. Today’s dual listing on NYSE Texas adds an exchange-related development to this series of mostly positive corporate updates that have not consistently driven sustained upside.

Market Pulse Summary

This announcement adds an exchange-related milestone as NACCO’s Class A shares begin dual listing on NYSE Texas effective December 11, 2025, while retaining the primary NYSE listing under ticker NC. It follows recent contracts, a reclamation award, and a new $20.0 million repurchase authorization. Investors may watch how trading liquidity, investor visibility, and subsequent corporate developments interact with this expanded listing footprint over time.

Key Terms

dual listing financial

"announced today the dual listing of its Class A Common Stock on NYSE Texas"

A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.

class a common stock financial

"dual listing of its Class A Common Stock on NYSE Texas"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

ticker symbol financial

"will trade on NYSE Texas with the same "NC" ticker symbol"

A ticker symbol is a short, unique code of letters or characters that identifies a publicly traded security on an exchange — like a car’s license plate or a person’s nickname for the market. Investors use ticker symbols to look up live prices, place trades, and follow news; using the correct symbol makes sure you’re tracking or buying the intended stock, bond, or fund and helps avoid costly mix-ups.

AI-generated analysis. Not financial advice.

CLEVELAND, Dec. 10, 2025 /PRNewswire/ -- NACCO Industries^® (NYSE: NC) announced today the dual listing of its Class A Common Stock on NYSE Texas, the newly launched fully electronic equities exchange, effective December 11, 2025. NACCO will maintain its primary listing on the New York Stock Exchange and will trade on NYSE Texas with the same "NC" ticker symbol.

"We are pleased to reinforce our long-standing relationship with the NYSE and deepen our commitment to the Lone Star State, a key region for natural resources and an area where we proudly operate, invest and maintain deep community ties," said J.C. Butler, President and Chief Executive Officer of NACCO. "This dual listing reaffirms our support for Texas' business-friendly environment, while increasing our market visibility. We welcome the opportunity to support the state's growing capital market infrastructure as we continue to create long-term value for our shareholders."

"As a premier natural-resources provider that has been listed on the NYSE for over 60 years, we are thrilled to welcome NACCO Industries to the NYSE Texas community," said Bryan Daniel, President, NYSE Texas.

About NACCO Industries

NACCO Industries^® brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. Learn more about our companies at nacco.com or get investor information at ir.nacco.com.

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SOURCE NACCO Industries

FAQ

What change did NACCO Industries (NC) announce on December 10, 2025?

NACCO announced a dual listing of its Class A common stock on NYSE Texas, effective December 11, 2025, while keeping its primary NYSE listing.

Will NACCO Industries keep its NYSE listing after the NYSE Texas listing?

Yes. NACCO will maintain its primary listing on the New York Stock Exchange and add a trading venue on NYSE Texas.

What ticker will NACCO use on NYSE Texas and when does trading start?

NACCO will trade under the same ticker NC on NYSE Texas, with trading effective December 11, 2025.

Why did NACCO Industries pursue a dual listing on NYSE Texas?

The company said the dual listing reinforces its NYSE relationship, deepens its commitment to Texas operations, and seeks to increase market visibility.

Does the dual listing change NACCO's corporate operations or ticker symbol?

No. The announcement states NACCO will keep the same ticker (NC) and retain its primary NYSE listing; no operational changes were described.

Where can investors find more information about NACCO Industries (NC)?

Investors can visit nacco.com for company information and ir.nacco.com for investor resources.