Core Natural Resources’s (NYSE:CNR) Q2 CY2026 Sales Beat Estimates

Core Natural Resources (NYSE: CNR) reported Q2 2026 net income of $126.5 million and adjusted EBITDA of $323.6 million on $1.1 billion revenue. It generated $250 million operating cash flow and $148 million free cash flow. Core secured 16 million tons of new sales commitments, settled its Leer South insurance claim for full recovery netting $155 million, and returned $68 million to stockholders.

Core Natural Resources, Inc. (CNR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 cnrq22026er-exhibit991.htm EX-99.1 Document Exhibit 99.1 Core Natural Resources Reports Second Quarter 2026 Results Reports net income of $126 million and adjusted EBITDA 1 of $324 million Generates net cash provided by operating activities of $250 million and free cash

CN and Union Pacific said they signed a binding MoU outlining a settlement tied to Union Pacific’s proposed merger with Norfolk Southern. The framework, subject to STB approval and closing, would give CN expanded competitive access, including rights to use UP’s Neff Yard in Kansas City and ownership interests in KCT and TRRA. CN would not oppose the merger.

Transport Canada is investigating Canadian National Railway Co. after a crew was evacuated from a train engulfed in a wildfire in northwestern Ontario. The agency said it will assess compliance with the Railway Safety Act and possible health and safety violations, while the Transportation Safety Board gathers information. CN suspended freight operations on a mainline segment; Canadian Pacific Kansas City said it is not directly affected.

National Bank Financial raised its Exchange Income Corp. (EIF-T) target to $144 from $125, keeping an “outperform” rating, citing constructive growth and higher 2026 EBITDA guidance range (high end $825-$875 million). It projects Q2 EBITDA of $217 million. Desjardins lifted Canadian National (CNR-T) to $185 from $163 and Canadian Pacific Kansas City (CP-T) to $141 from $131 on improving macro and grain volumes.

Core Natural Resources (CNR) shares rose 3.2% pre-open after its subsidiary CONSOL Innovations LLC was selected by the U.S. Department of Energy for a federal grant to extract rare earth and critical materials from coal waste, pending final negotiations and funding. UBS reiterated a Buy rating and $100 target despite near-term coal pricing headwinds.