Core Natural Resources Reports First Quarter 2025 Results | CNR Stock News

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May 08, 2025
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  • Core Natural Resources (CNR, Financial) reported a net loss of $69.3 million in Q1 2025, due to merger-related expenses totaling $49.2 million.
  • The company achieved an adjusted EBITDA of $123.5 million and revenues of $1,017.4 million during the same period.
  • Significant shareholder returns were made, with $106.6 million returned through share buybacks and dividends.

Core Natural Resources, Inc. (CNR) has announced its financial results for the first quarter of 2025, revealing a net loss of $69.3 million, equivalent to $1.38 per diluted share. The loss includes significant merger-related expenses amounting to $49.2 million. Despite this, the company posted solid financial metrics with an adjusted EBITDA of $123.5 million and total revenues reaching $1,017.4 million.

The company's focus on shareholder returns was evident as they returned $106.6 million to investors. This includes $101.3 million used for repurchasing 1.4 million shares at an average price of $73.52 per share, accounting for approximately 3% of outstanding shares. Additionally, a quarterly dividend of $0.10 per share was paid to stakeholders.

Core Natural Resources increased its merger-related synergy targets by 10%, now expecting between $125 and $150 million annually. This adjustment reflects the ongoing consolidation benefits exceeding initial projections. In operational updates, the Leer South mine is on course to resume longwall operations by mid-2025, following a temporary suspension due to a combustion-related event.

As of the end of March 2025, Core maintained a strong liquidity position with total liquidity of $858.3 million, including $388.5 million in cash. This financial robustness is further supported by recent refinancing efforts which have extended maturities and reduced interest rates, enhancing the company's financial flexibility amid continued market volatility.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.