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Core Natural Resources (CNR)
NYSE:CNR
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.68Last Year’s EPS
5.05Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -4.22%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Core Natural Resources' strong integration progress and capital return plans post-merger, despite challenges in global coal markets and the impact of Chinese tariffs. The company effectively managed a significant operational issue at Leer South and is well-positioned to leverage domestic market opportunities.Company Guidance
During the Core Natural Resources, Inc. Fourth Quarter 2024 Earnings Conference Call, the company provided guidance on several key metrics. Core announced a robust capital return framework targeting the return of 75% of free cash flow to shareholders, primarily through $1 billion in share repurchases, complemented by a $0.10 per share quarterly dividend. The company expects to achieve synergy-driven value creation of over $40 million annually, with a projected total savings of $110 million to $140 million per year. For 2025, Core anticipates high CV thermal sales of 29 to 31 million tons at $61 to $63 per ton, with approximately 80% contracted. The metallurgical segment is projected to sell 7.5 to 8 million tons of coking coal, excluding 1.5 million tons of thermal byproduct, at $135.82 per ton for committed tons and a cash cost of $96 to $100 per ton. The Powder River Basin segment expects to sell 37 million tons at $14.78 per ton, with cash costs between $13.75 and $14.25 per ton. The company aims to maintain financial flexibility, targeting net cash on hand with $300 million in municipal bond debt. Core's capital expenditures for 2025 are expected to be $300 million to $330 million, with cash-based SG&A projected at $110 million to $125 million.Strong Start for Core Natural Resources
Core Natural Resources has made significant progress in integrating operations post-merger, locking in one-third of projected synergies and resuming development work at Leer South ahead of schedule.
Robust Capital Return Framework
The company announced a $1 billion share repurchase authorization, aiming to return 75% of free cash flow to shareholders.
Synergy Achievements
Core has captured over $40 million in annualized synergy-driven value creation within five weeks post-merger.
Successful Reentry at Leer South
The Leer South mine resumed development work with continuous miners ahead of the expected timeline, showing effective crisis management.
Improved Financial Market Access
Core upsized its revolving credit facility to $600 million and reduced interest rates by 75 basis points.
Positive Outlook for Domestic Thermal Market
The domestic thermal market is tightening with increasing power prices and critical inventory levels, presenting opportunities for spot market sales.
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CNR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $77.52 | $81.68 | +5.37% |
| Nov 05, 2024 | $107.71 | $113.25 | +5.14% |
| Aug 08, 2024 | $87.94 | $91.92 | +4.53% |
| May 07, 2024 | $82.99 | $86.02 | +3.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Core Natural Resources (CNR) report earnings?
Core Natural Resources (CNR) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Core Natural Resources (CNR) earnings time?
Core Natural Resources (CNR) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNR EPS forecast?
CNR EPS forecast for the fiscal quarter 2025 (Q1) is 2.68.
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