EarningsCore Natural Resources reported a 2Q adjusted EBITDA of $144M, surpassing both the $124M consensus and the $123M forecast, even with $21M in Leer South idling costs included.
Market DemandRising domestic thermal coal demand and reduced federal royalty rates have led to an increase in full-year PRB sales guidance by 6M tons at the midpoint.
Shareholder ReturnsCore repurchased $82M of shares in 2Q and paid a $0.10/sh dividend, returning nearly $200M to shareholders in the first half, significantly exceeding its free cash flow target.