Strong Start for Core Natural Resources
The company generated $123.5 million of adjusted EBITDA despite a generally soft market environment and returned $106.6 million to investors through share buybacks and dividends.
Increased Synergy Targets
Core increased its target for merger-related synergies by 10% at the midpoint of guidance, now expecting between $125 million and $150 million.
Operational Excellence in High CV Thermal Segment
The high CV thermal segment generated substantial free cash flow by leveraging strong contracted business and favorable market conditions.
Record Quarterly Production at Leer Mine
The Metallurgical segment reported record quarterly production at the Leer mine, contributing to a solid cost performance across most of the portfolio.
Capital Return Program
Core repurchased 1.4 million shares worth approximately $101 million and paid $5 million in dividends, signaling confidence in future outlook.
Improved Financial Flexibility and Liquidity
Core increased its revolving credit facility to $600 million, reduced credit spread, and refinanced bonds, leading to $3 million annual interest savings.