Business PerformanceThe high C.V. thermal business should benefit from robust power-linked prices and is expected to have a strong production quarter.
Shareholder ReturnsCNR announced plans to return around 75% of free cash flow, including a sustaining quarterly dividend of $0.10/share, with the bulk directed to share repurchases backed by a $1.0B buyback authorization.
Synergy And Cost SavingsManagement has already executed on strategies to achieve roughly one third of its $110M-$140M synergy guidance, and savings could ultimately exceed that range.