Core Natural Resources, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
CNR$82.28+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
ITEM 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(Dollars in thousands, except per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues | $1,084,278 | $1,017,406 |
| Costs and Expenses: | ||
| Cost of Sales (exclusive of items shown separately below) | 879,185 | 870,296 |
| Depreciation, Depletion and Amortization | 146,295 | 121,556 |
| General and Administrative Costs | 36,079 | 89,323 |
| Other Operating Income and Expense, net | (9,995) | (9,859) |
| 1,051,564 | 1,071,316 | |
| Income (Loss) from Operations | 32,714 | (53,910) |
| Interest Expense | (11,192) | (8,019) |
| Interest Income | 4,748 | 6,318 |
| Loss on Debt Extinguishment | — | (11,680) |
| Non-Service Related Pension and Postretirement Benefit Costs | (5,653) | (6,202) |
| Earnings (Loss) Before Income Tax | 20,617 | (73,493) |
| Income Tax Benefit | (427) | (4,216) |
| Net Income (Loss) | $21,044 | $(69,277) |
| Earnings (Loss) per Share: | ||
| Total Basic Earnings (Loss) per Share | $0.41 | $(1.38) |
| Total Diluted Earnings (Loss) per Share | $0.41 | $(1.38) |
| Dividends Declared per Common Share | $0.10 | $0.10 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Dollars in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Net Income (Loss) | $21,044 | $(69,277) |
| Other Comprehensive Income: | ||
| Actuarially Determined Long-Term Liability Adjustments (Net of tax: ($191), ($109)) | 652 | 378 |
| Unrealized Loss on Investments in Available-for-Sale Securities (Net of tax: $46, $72) | (157) | (301) |
| Other Comprehensive Income | 495 | 77 |
| Comprehensive Income (Loss) | $21,539 | $(69,200) |
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Unaudited) | ||
|---|---|---|
| March 31,2026 | December 31,2025 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and Cash Equivalents | $412,708 | $432,174 |
| Accounts and Notes Receivable: | ||
| Trade Receivables, net | 369,889 | 349,233 |
| Other Receivables, net | 37,071 | 53,928 |
| Inventories | 369,080 | 374,759 |
| Other Current Assets | 82,063 | 130,128 |
| Total Current Assets | 1,270,811 | 1,340,222 |
| Total Property, Plant and Equipment—Net | 4,375,493 | 4,386,882 |
| Other Assets: | ||
| Funds for Asset Retirement Obligations | 149,887 | 148,874 |
| Pension Benefits | 51,334 | 49,618 |
| Other Noncurrent Assets, net | 208,396 | 204,457 |
| Total Other Assets | 409,617 | 402,949 |
| Total Assets | $6,055,921 | $6,130,053 |
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Unaudited) | ||
|---|---|---|
| March 31,2026 | December 31,2025 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts Payable | $315,129 | $335,623 |
| Current Portion of Long-Term Debt | 43,418 | 98,328 |
| Other Accrued Liabilities | 388,425 | 404,338 |
| Total Current Liabilities | 746,972 | 838,289 |
| Long-Term Liabilities: | ||
| Long-Term Debt | 411,630 | 354,160 |
| Postretirement Benefits Other Than Pensions | 186,732 | 186,843 |
| Pneumoconiosis Benefits | 258,926 | 261,201 |
| Asset Retirement Obligations | 495,140 | 496,002 |
| Workers’ Compensation | 71,419 | 70,457 |
| Pension Benefits | 20,997 | 21,111 |
| Deferred Income Taxes | 129,819 | 130,113 |
| Other Noncurrent Liabilities | 77,394 | 93,643 |
| Total Long-Term Liabilities | 1,652,057 | 1,613,530 |
| Total Liabilities | 2,399,029 | 2,451,819 |
| Commitments and Contingent Liabilities (Note 14) | ||
| Stockholders' Equity: | ||
| Common Stock, $0.01 Par Value; 125,000,000 Shares Authorized, 50,569,806 Shares Issued and Outstanding at March 31, 2026; 50,975,185 Shares Issued and Outstanding at December 31, 2025 | 506 | 510 |
| Capital in Excess of Par Value | 2,978,068 | 2,982,077 |
| Retained Earnings | 800,652 | 818,476 |
| Accumulated Other Comprehensive Loss | (122,334) | (122,829) |
| Total Stockholders’ Equity | 3,656,892 | 3,678,234 |
| Total Liabilities and Stockholders’ Equity | $6,055,921 | $6,130,053 |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
| Common Stock | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive (Loss) Income | Total Stockholders’ Equity | |
|---|---|---|---|---|---|
| December 31, 2025 | $510 | $2,982,077 | $818,476 | $(122,829) | $3,678,234 |
| Net Income | — | — | 21,044 | — | 21,044 |
| Actuarially Determined Long-Term Liability Adjustments (Net of ($191) Tax) | — | — | — | 652 | 652 |
| Investments in Available-for-Sale Securities (Net of $46 Tax) | — | — | — | (157) | (157) |
| Comprehensive Income | — | — | 21,044 | 495 | 21,539 |
| Issuance of Common Stock | 1 | (1) | — | — | — |
| Repurchases of Common Stock (464,600 Shares) | (5) | (8,538) | (33,380) | — | (41,923) |
| Excise Tax on Repurchases of Common Stock | — | — | (366) | — | (366) |
| Employee Stock-Based Compensation | — | 6,176 | — | — | 6,176 |
| Shares Withheld for Taxes | — | (1,646) | — | — | (1,646) |
| Dividends on Common Shares ($0.10 per share) | — | — | (5,083) | — | (5,083) |
| Dividend Equivalents Earned on Stock-Based Compensation Awards | — | — | (39) | — | (39) |
| March 31, 2026 | $506 | $2,978,068 | $800,652 | $(122,334) | $3,656,892 |
| Common Stock | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive (Loss) Income | Total Stockholders’ Equity | |
|---|---|---|---|---|---|
| December 31, 2024 | $294 | $540,412 | $1,162,114 | $(134,573) | $1,568,247 |
| Net Loss | — | — | (69,277) | — | (69,277) |
| Actuarially Determined Long-Term Liability Adjustments (Net of ($109) Tax) | — | — | — | 378 | 378 |
| Investments in Available-for-Sale Securities (Net of $72 Tax) | — | — | — | (301) | (301) |
| Comprehensive (Loss) Income | — | — | (69,277) | 77 | (69,200) |
| Issuance of Common Stock | 3 | (3) | — | — | — |
| Merger with Arch | 243 | 2,481,125 | — | — | 2,481,368 |
| Repurchases of Common Stock (1,377,294 Shares) | (14) | (25,296) | (75,949) | — | (101,259) |
| Employee Stock-Based Compensation | — | 36,094 | — | — | 36,094 |
| Shares Withheld for Taxes | — | (14,068) | — | — | (14,068) |
| Dividends on Common Shares ($0.10 per share) | — | — | (5,364) | — | (5,364) |
| Dividend Equivalents Earned on Stock-Based Compensation Awards | — | — | (44) | — | (44) |
| March 31, 2025 | $526 | $3,018,264 | $1,011,480 | $(134,496) | $3,895,774 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities: | ||
| Net Income (Loss) | $21,044 | $(69,277) |
| Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities: | ||
| Depreciation, Depletion and Amortization | 146,295 | 121,556 |
| Gain on Sale of Assets | (6,765) | (5,817) |
| Stock-Based Compensation | 6,176 | 36,094 |
| Loss on Debt Extinguishment | — | 11,680 |
| Deferred Income Taxes | (294) | (4,193) |
| Loss from Equity Method Investments | 3,951 | 2,477 |
| Other Adjustments to Net Income (Loss) | 1,486 | 574 |
| Changes in Operating Assets: | ||
| Accounts and Notes Receivable | (2,976) | (94,369) |
| Inventories | 6,730 | 15,382 |
| Other Current Assets | 4,230 | (21,998) |
| Changes in Other Assets | 2,267 | 21,774 |
| Changes in Operating Liabilities: | ||
| Accounts Payable | (17,436) | (54,048) |
| Other Operating Liabilities | (17,389) | (35,227) |
| Payments on Asset Retirement Obligations | (10,413) | (6,182) |
| Changes in Other Liabilities | (17,506) | (28,064) |
| Net Cash Provided by (Used in) Operating Activities | 119,400 | (109,638) |
| Cash Flows from Investing Activities: | ||
| Capital Expenditures | (73,097) | (64,822) |
| Proceeds from Sales of Assets | 9,211 | 6,003 |
| Proceeds from Sales of Short-Term Investments | — | 80,165 |
| Purchases of Short-Term Investments | — | (4,802) |
| Net Cash and Restricted Cash Acquired from Merger | — | 368,726 |
| Purchase of Arch Tax-Exempt Bonds | — | (98,225) |
| Investments in DTA | (6,847) | (1,496) |
| Other Investing Activity | (9,102) | (2,538) |
| Net Cash (Used in) Provided by Investing Activities | (79,835) | 283,011 |
| Cash Flows from Financing Activities: | ||
| Payments on Finance Lease Obligations | (7,210) | (2,795) |
| Proceeds from Long-Term Debt Issuance | — | 114,439 |
| Payments on Other Debt | (1,713) | (10,831) |
| Shares Withheld for Taxes | (1,646) | (14,068) |
| Repurchases of Common Stock | (41,923) | (101,259) |
| Debt-Related Financing Fees | — | (16,381) |
| Dividends and Dividend Equivalents Paid | (5,105) | (10,695) |
| Net Cash Used in Financing Activities | (57,597) | (41,590) |
| Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash | (18,032) | 131,783 |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 601,162 | 447,542 |
| Cash, Cash Equivalents and Restricted Cash at End of Period | $583,130 | $579,325 |
| Non-Cash Investing and Financing Activities: | ||
| Equipment Financing | $80,880 | $39,150 |
| Equity Issued as Consideration for Merger | $— | $2,481,368 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.