$CNR

Core Natural Resources, Inc.

CIK:0001710366|SEC Filings

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 1,141,014	$ 1,102,361	$ 2,225,292	$ 2,119,767
Costs and Expenses:
Cost of Sales (exclusive of items shown separately below)	888,989	912,574	1,768,174	1,782,870
Depreciation, Depletion and Amortization	166,762	169,263	313,057	290,819
General and Administrative Costs	26,669	34,829	62,748	124,152
Other Operating Income and Expense, net	(97,164)	4,948	(107,159)	(4,911)
Costs and Expenses	985,256	1,121,614	2,036,820	2,192,930
Income (Loss) from Operations	155,758	(19,253)	188,472	(73,163)
Interest Expense	(11,640)	(10,051)	(22,832)	(18,070)
Interest Income	4,511	6,401	9,259	12,719
Loss on Debt Extinguishment	0	0	0	(11,680)
Non-Service Related Pension and Postretirement Benefit Costs	(5,659)	(6,537)	(11,312)	(12,739)
Earnings (Loss) Before Income Tax	142,970	(29,440)	163,587	(102,933)
Income Tax Expense	16,503	7,116	16,076	2,900
Net Income (Loss)	$ 126,467	$ (36,556)	$ 147,511	$ (105,833)
Earnings (Loss) per Share:
Basic Earnings (Loss) per Share (in dollars per share)	$ 2.51	$ (0.70)	$ 2.91	$ (2.06)
Diluted Earnings (Loss) per Share (in dollars per share)	2.51	(0.70)	2.91	(2.06)
Dividends Declared per Common Share (in dollars per share)	$ 0.10	$ 0.10	$ 0.20	$ 0.20

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net Income (Loss)	$ 147,511	$ (105,833)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:
Depreciation, Depletion and Amortization	313,057	290,819
Gain on Sale of Assets	(5,941)	(5,968)
Stock-Based Compensation	8,635	32,027
Loss on Debt Extinguishment	0	11,680
Deferred Income Taxes	16,726	3,137
Loss from Equity Method Investments	8,985	8,034
Other Adjustments to Net Income (Loss)	2,963	1,915
Changes in Operating Assets:
Accounts and Notes Receivable	(36,544)	(4,254)
Inventories	(5,370)	26,323
Other Current Assets	5,885	(18,360)
Changes in Other Assets	1,856	22,654
Changes in Operating Liabilities:
Accounts Payable	(11,461)	(78,411)
Other Operating Liabilities	(26,829)	(25,631)
Payments on Asset Retirement Obligations	(19,995)	(14,808)
Changes in Other Liabilities	(29,631)	(32,801)
Net Cash Provided by Operating Activities	369,847	110,523
Cash Flows from Investing Activities:
Capital Expenditures	(174,998)	(154,007)
Proceeds from Sales of Assets	9,386	6,219
Proceeds from Sales of Short-Term Investments	0	80,165
Purchases of Short-Term Investments	(813)	(4,802)
Net Cash and Restricted Cash Acquired from Merger	0	368,726
Purchase of Arch Tax-Exempt Bonds	0	(98,225)
Investments in DTA	(10,300)	(10,640)
Other Investing Activity	(10,514)	(4,647)
Net Cash (Used in) Provided by Investing Activities	(187,239)	182,789
Cash Flows from Financing Activities:
Payments on Finance Lease Obligations	(16,346)	(5,628)
Proceeds from Long-Term Debt Issuance	0	114,439
Payments on Other Debt	(3,646)	(11,223)
Shares Withheld for Taxes	(1,678)	(14,068)
Repurchases of Common Stock	(104,943)	(183,152)
Debt-Related Financing Fees	0	(17,470)
Payments of Excise Tax on Share Repurchases	(1,977)	(934)
Dividends and Dividend Equivalents Paid	(10,133)	(15,918)
Net Cash Used in Financing Activities	(138,723)	(133,954)
Net Increase in Cash, Cash Equivalents and Restricted Cash	43,885	159,358
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	601,162	447,542
Cash, Cash Equivalents and Restricted Cash at End of Period	645,047	606,900
Non-Cash Investing and Financing Activities:
Equipment Financing	14,270	66,147
Equity Issued as Consideration for Merger	$ 0	$ 2,481,368

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and Cash Equivalents	$ 473,204	$ 432,174
Accounts and Notes Receivable:
Trade Receivables, net	355,337	349,233
Other Receivables, net	85,192	53,928
Inventories	381,187	374,759
Other Current Assets	79,751	130,128
Total Current Assets	1,374,671	1,340,222
Total Property, Plant and Equipment—Net	4,352,248	4,386,882
Other Assets:
Funds for Asset Retirement Obligations	152,601	148,874
Pension Benefits	53,049	49,618
Other Noncurrent Assets, net	189,784	204,457
Total Other Assets	395,434	402,949
Total Assets	6,122,353	6,130,053
Current Liabilities:
Accounts Payable	328,658	335,623
Current Portion of Long-Term Debt	42,468	98,328
Other Accrued Liabilities	381,918	404,338
Total Current Liabilities	753,044	838,289
Long-Term Liabilities:
Long-Term Debt	405,181	354,160
Postretirement Benefits Other Than Pensions	185,359	186,843
Pneumoconiosis Benefits	256,846	261,201
Asset Retirement Obligations	483,447	496,002
Workers’ Compensation	71,273	70,457
Pension Benefits	20,886	21,111
Deferred Income Taxes	146,839	130,113
Other Noncurrent Liabilities	80,601	93,643
Total Long-Term Liabilities	1,650,432	1,613,530
Total Liabilities	2,403,476	2,451,819
Commitments and Contingent Liabilities (Note 14)
Stockholders' Equity:
Common Stock, $0.01 Par Value; 125,000,000 Shares Authorized, 49,849,902 Shares Issued and Outstanding at June 30, 2026; 50,975,185 Shares Issued and Outstanding at December 31, 2025	498	510
Capital in Excess of Par Value	2,967,266	2,982,077
Retained Earnings	871,639	818,476
Accumulated Other Comprehensive Loss	(120,526)	(122,829)
Total Stockholders’ Equity	3,718,877	3,678,234
Total Liabilities and Stockholders’ Equity	$ 6,122,353	$ 6,130,053