Core Natural Resources, Inc. (CNR) SEC Filings

Core Natural Resources, Inc. (CNR) announced a planned leadership transition in its finance and operating functions. The board appointed Nathan Tucker as senior vice president and chief financial officer, effective immediately, succeeding Mitesh Thakkar in the CFO role. Thakkar will continue as president and is assuming an expanded role with day-to-day responsibility for the company’s primary operating functions, including operations, marketing, logistics, and long-term strategy.

Tucker, age 39, has served as Core’s vice president of finance since its formation in January 2025, and previously held finance and investor relations roles at CONSOL Energy Inc. The board approved a new compensation package for Tucker, including a $400,000 annual base salary, a target short-term incentive opportunity equal to 65% of base salary, and a long-term incentive opportunity equal to 125% of base salary. He also entered into a severance agreement consistent with those of other executive officers. Core emphasized that these changes are part of a long-term succession process and issued a press release describing the executive succession plan.

FMR LLC and Abigail P. Johnson report beneficial ownership of common stock of Core Natural Resources Inc. on a passive basis. FMR LLC reports beneficial ownership of 2,895,835.35 shares of common stock, representing 5.7% of the outstanding class, with sole dispositive power over the same amount and no shared dispositive or voting power. A related line item shows FMR LLC with sole voting power over 2,894,287.00 shares. Abigail P. Johnson is reported to have sole dispositive power, but no voting power, over 2,895,835.35 shares, also representing 5.7% of the class.

The filing notes that one or more other persons have the right to receive or direct the receipt of dividends or sale proceeds for these securities, but no single such person holds more than five percent of the total outstanding common stock.

Core Natural Resources, Inc. reported a strong turnaround for the quarter ended June 30, 2026. Revenue was $1,141,014 thousand, up modestly year over year, while net income reached $126,467 thousand compared with a loss in the prior-year quarter, driving diluted EPS of $2.51. Operating income improved to $155,758 thousand, aided by lower consolidated cost of sales and significant insurance recoveries related to the Leer South mine event.

For the first six months of 2026, the company generated revenue of $2,225,292 thousand and net income of $147,511 thousand (EPS $2.91). Cash generation was robust, with net cash provided by operating activities of $369,847 thousand and capital expenditures of $174,998 thousand. At June 30, 2026, Core held cash and cash equivalents of $473,204 thousand, long-term debt (excluding current portion) of $405,181 thousand and stockholders’ equity of $3,718,877 thousand, resulting in a total net leverage ratio of (0.05) to 1.00 and substantial unused capacity on its $600 million revolving credit facility.

The Arch merger, completed in January 2025, remains central to the company’s scale, with 11 mines across high calorific value thermal, metallurgical and PRB segments, plus two export terminals. Segment Adjusted EBITDA for the quarter totaled $376,244 thousand, led by Metallurgical and High CV Thermal operations. Core continues returning capital through a $1 billion share repurchase authorization, repurchasing 1,184,504 shares for $104,943 thousand in the first half of 2026, and pays a quarterly dividend of $0.10 per share, with a further dividend declared for payment in September 2026.

Core Natural Resources, Inc. reported strong second-quarter 2026 results, with net income of $126.5 million ($2.51 per diluted share), adjusted EBITDA of $323.6 million and revenue of $1.1 billion. Net cash provided by operating activities was $250.4 million and free cash flow was $148.0 million.

The company completed a full-limit settlement of its Leer South insurance claim, recognizing $125.4 million of proceeds in the quarter and $154.5 million in total. High calorific value thermal volumes rose to 8.4 million tons, generating cash margin per ton of $19.53, while the metallurgical segment sold 2.6 million tons with cash margin per ton of $28.48. Powder River Basin volumes were 10.2 million tons with a modest negative cash margin due to lower shipments and higher fuel costs.

Core returned $68.0 million to stockholders in Q2 through $63.0 million of share repurchases and a $0.10 per share dividend, bringing cumulative returns since February 2025 to $360.1 million and repurchases to 4.3 million shares, roughly 7.9 percent of the initial share count. Liquidity was $1.0 billion at June 30, 2026, including $474.0 million of cash and short-term investments and a small net cash position. 2026 guidance targets total sales of 87.3–92.4 million tons and segment cash costs per ton of $39.00–$40.50 for high C.V. thermal, $86.00–$91.00 for metallurgical and $13.25–$13.75 for the Powder River Basin.

Core Natural Resources, Inc. furnished a new investor presentation outlining its first quarter 2026 performance and strategic outlook. The company reported Q1 2026 net income of $21.0 million, adjusted EBITDA of $179.9 million, and free cash flow of $55.5 million, on revenue of $1.1 billion. Operations were led by strong results at the Leer South and West Elk mines, with the metallurgical segment achieving higher sales margins and the high calorific value thermal segment maintaining solid margins despite elevated electricity costs.

Core highlighted its capital return program, noting $47.0 million returned to stockholders in Q1 2026 and a total of $292.1 million since February 2025, primarily via share repurchases. As of March 31, 2026, the company reported total liquidity of $935 million, cash and cash equivalents of $413 million, net debt of $37 million, and a remaining share repurchase authorization of $733.8 million. Management also emphasized long-term demand for metallurgical and high calorific value thermal coal, optionality in rare earth elements and critical minerals, and growth initiatives in its Innovations business.

Core Natural Resources, Inc. reported a mine safety incident involving its subsidiary, Wolf Run Mining LLC, at the Leer South mine in Barbour County, West Virginia. On May 13, 2026, the Mine Safety and Health Administration (MSHA) issued an imminent danger order under section 107(a) of the Federal Mine Safety and Health Act of 1977 after an inspector found elevated methane concentrations in an area of the mine.

MSHA terminated the order early on May 14, 2026. After further discussions with Leer South’s mine management, MSHA determined on May 18, 2026 that an imminent danger had never existed and formally vacated the order.

Core Natural Resources Inc reports an institutional ownership disclosure by State Street affiliates. As of 03/31/2026, the filing shows 3,977,324 shares beneficially owned, representing 7.8% of common stock. The report lists shared voting power 3,922,205 and shared dispositive power 3,977,324.

The filing names SSGA Funds Management, Inc. and State Street Corporation as reporting persons and provides registered addresses and subsidiary affiliates. The signatures by officers are dated 05/12/2026.

Core Natural Resources, Inc. reported a solid turnaround for the three months ended March 31, 2026, posting net income of $21.0 million compared with a loss of $69.3 million a year earlier. Revenue rose to $1.08 billion from $1.02 billion, driven by higher volumes across High CV Thermal, Metallurgical and PRB segments and stronger metallurgical pricing.

Diluted earnings per share improved to $0.41 from a loss of $1.38. Adjusted EBITDA increased to $208.5 million, reflecting lower general and administrative costs as one‑time Merger expenses rolled off and insurance recoveries related to prior disruptions. Operating cash flow strengthened to $119.4 million, funding $73.1 million of capital expenditures, $41.9 million of share repurchases and a quarterly dividend of $0.10 per share.

Core Natural Resources reported a profitable and cash‑generative first quarter of 2026, highlighting improved operations across its coal portfolio. The company earned net income of $21.0 million, or $0.41 per diluted share, on revenues of $1.1 billion, and generated adjusted EBITDA of $179.9 million.

Cash flow was strong, with net cash provided by operating activities of $119.4 million and free cash flow of $55.5 million. Core returned $47.0 million to stockholders in the quarter, including $41.9 million of share repurchases and dividends, and has returned $292.1 million since launching its capital return program in 2025.

Operationally, the metallurgical segment improved margins as cash cost of coal sold per ton fell to $92.35, while the high calorific value thermal and Powder River Basin segments maintained solid cash margins despite weather and volume headwinds. For 2026, Core issued guidance targeting total coal sales of 85.6 to 91.4 million tons and segment cash cost ranges that support continued margin generation.