Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to _______ Commission file number: 001-38147 Core Natural Resources, Inc. (Exact name of registrant as specified in its charter) (State or other juri ...

Management Comments "The Core team is off to an excellent start in integrating the combined operating, marketing and logistics portfolio into a cohesive, high-performing unit; capturing the substantial synergies created by this transformational merger; and laying the foundation for long- term value creation via the tight alignment of its global metallurgical and high calorific value thermal segments," said Paul A. Lang, Core's chief executive officer. Exhibit 99.1 Core Natural Resources Reports Fourth Quart ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Consol Energy (CEIX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Consol Energy is one of 240 companies in the Oils-Energy group. The Oils-Energy group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Rank consid ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Consol Energy (CEIX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Consol Energy is one of 240 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #16 in the Zacks Sector Ra ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Consol Energy (CEIX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Consol Energy is a member of the Oils-Energy sector. This group includes 242 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength o ...

Have you been paying attention to shares of Consol Energy (CEIX) ? Shares have been on the move with the stock up 18.8% over the past month. The stock hit a new 52-week high of $128.07 in the previous session. Consol Energy has gained 26.4% since the start of the year compared to the 6.7% move for the Zacks Oils-Energy sector and the 15.9% return for the Zacks Coal industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consens ...

CONSOL Energy Inc. (NYSE:CEIX) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Nathan Tucker - Director, Finance and Investor Relations Jimmy Brock - Chief Executive Officer Mitesh Thakkar - President and Chief Financial Officer Bob Braithwaite - Senior Vice President, Marketing and Sales Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - Benchmark Company Michael Dudas - Vertical Research Operator Good morning, ladies and gentlemen, and welcome ...

Consol Energy (CEIX) came out with quarterly earnings of $3.22 per share, beating the Zacks Consensus Estimate of $3.16 per share. This compares to earnings of $3.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.90%. A quarter ago, it was expected that this coal company would post earnings of $1.28 per share when it actually produced earnings of $1.96, delivering a surprise of 53.13%.Over the last four quarters, the compan ...

Merger and Acquisition - The company entered into a merger agreement with Arch Resources, Inc. on August 20, 2024, which will result in Arch becoming a wholly-owned subsidiary of the company[122] Coal Reserves and Production Capacity - The Pennsylvania Mining Complex (PAMC) controls 583.5 million tons of high-quality Pittsburgh seam reserves, sufficient for over 20 years of full-capacity production[126] - The Itmann Mining Complex includes 28.4 million tons of recoverable coal reserves, supporting over 30 years of full-capacity production[126] - The company owns or controls approximately 1.3 billion tons of Greenfield Reserves and Resources across various basins[126] - The Itmann No. 5 Mine is expected to produce approximately 900 thousand tons per year of high-quality, low-vol coking coal once it reaches full run rate[127] - The PAMC averaged 7.50 tons of coal production per employee hour in 2022 and 2023[128] - The Central Preparation Plant can clean and process up to 9,000 raw tons of coal per hour[128] - PAMC coal production increased to 7.2 million tons in Q3 2024 from 6.1 million tons in Q3 2023, with the Bailey Mine contributing the largest increase of 836,000 tons[166] - Total tons produced at the Pennsylvania Mining Complex (PAMC) decreased to 19.3 million tons for the nine months ended September 30, 2024, from 19.5 million tons in 2023, impacted by restricted access to the CONSOL Marine Terminal[192][193] Financial Performance - The company's adjusted EBITDA for the PAMC segment was $439.73 million for the three months ended September 30, 2024[138] - The average cash margin per ton sold for the PAMC segment was $28.43 for the three months ended September 30, 2024[138] - The company's total coal revenue for the PAMC segment was $1,240.36 million for the nine months ended September 30, 2024[138] - Consolidated net income for the three months ended September 30, 2024 was $95.6 million, compared to $100.7 million for the same period in 2023[140][143] - Adjusted EBITDA for the three months ended September 30, 2024 was $179.2 million, compared to $185.5 million for the same period in 2023[140][143] - Total revenue and other income for the three months ended September 30, 2024 was $575 million, a $5 million increase from $570 million in the same period in 2023[146] - Coal revenue for the three months ended September 30, 2024 was $463 million, consisting of $440 million from the Pennsylvania Mining Complex and $23 million from the Itmann Mining Complex[147] - Terminal revenue for the three months ended September 30, 2024 was $24 million, compared to $23 million for the same period in 2023[148] - Freight revenue for the three months ended September 30, 2024 was $63 million, compared to $68 million for the same period in 2023[149] - Consolidated net income for the nine months ended September 30, 2024 was $255.6 million, compared to $498.8 million for the same period in 2023[144][145] - Adjusted EBITDA for the nine months ended September 30, 2024 was $485.5 million, compared to $807.8 million for the same period in 2023[144][145] - Coal revenue for the three months ended September 30, 2024 was sold into the following markets: $227 million into power generation, $152 million into industrial, and $84 million into metallurgical[147] - Miscellaneous other income decreased to $25 million in Q3 2024 from $28 million in Q3 2023, primarily due to lower contract assessments and other income[150] - Adjusted EBITDA for the PAMC decreased to $173.9 million in Q3 2024 from $183.8 million in Q3 2023, primarily due to a $6.06 decrease in average coal revenue per ton sold[164][167] - CONSOL Marine Terminal throughput increased to 4.7 million tons in Q3 2024 from 4.3 million tons in Q3 2023, with Adjusted EBITDA rising to $15.9 million from $14.9 million[164][169] - Coal revenue for the nine months ended September 30, 2024, was $1,320 million, down from $1,574 million in the same period of 2023, with a significant decline in power generation revenue[172] - Terminal revenue for the nine months ended September 30, 2024, was $60 million, compared to $81 million in the same period of 2023, reflecting lower activity at the CONSOL Marine Terminal[173] - Freight revenue and freight expense were both $199 million for the nine months ended September 30, 2024, compared to $217 million for the same period in 2023[174] - Miscellaneous other income increased to $55 million for the nine months ended September 30, 2024, from $40 million in 2023, driven by higher royalty income and interest income[175] - Adjusted EBITDA for the PAMC segment decreased to $481.7 million for the nine months ended September 30, 2024, from $784.8 million in 2023, due to lower coal revenue per ton and higher cash costs[190] - Adjusted EBITDA for the CONSOL Marine Terminal segment decreased to $37.9 million for the nine months ended September 30, 2024, from $59.3 million in 2023, reflecting reduced throughput volumes[190] Operating Costs and Expenses - Operating and other costs increased to $304 million in Q3 2024 from $276 million in Q3 2023, driven by higher production volumes and increased costs at the Itmann Mining Complex[153][154] - Operating and other costs increased to $885 million for the nine months ended September 30, 2024, from $814 million in 2023, primarily due to inflationary pressures and increased production volumes[179][184] - Depreciation, depletion, and amortization costs decreased to $165 million for the nine months ended September 30, 2024, from $183 million in 2023, due to fully-depreciated assets and reduced asset retirement obligations[185] - Employee-related legacy liability expense increased by $3 million in Q3 2024 compared to Q3 2023, primarily due to changes in actuarial assumptions[156] - Interest expense decreased to $5 million in Q3 2024 from $7 million in Q3 2023, as the company fully retired its Second Lien Notes in July 2023[161] - Interest expense decreased to $15 million for the nine months ended September 30, 2024, from $24 million in 2023, as the company retired its Term Loan B and Second Lien Notes[187] Liquidity and Capital Structure - CONSOL Energy's total liquidity as of September 30, 2024 was $649 million, including $332 million in cash and cash equivalents, $84 million in short-term investments, $57 million in securitization facility availability, and $355 million in revolving credit facility availability, less $179 million in outstanding letters of credit[201] - The company generated $355 million in cash flows from operating activities for the nine months ended September 30, 2024, a decrease of $284 million compared to the same period in 2023[206] - CONSOL Energy's revolving credit facility was amended in 2023 to increase capacity to $355 million, with the ability to expand to $400 million, and secured $95 million in incremental commitments from new and existing lenders[200][209] - The company's total capital expenditures for the nine months ended September 30, 2024 were $137 million, an increase of $19 million compared to the same period in 2023, primarily due to higher equipment purchases and rebuilds[208] - CONSOL Energy's first lien gross leverage ratio was 0.02 to 1.00, total net leverage ratio was (0.31) to 1.00, and fixed charge coverage ratio was 2.88 to 1.00 as of September 30, 2024, all within compliance with the revolving credit facility covenants[213] - The company's aggregate obligation for the UMWA Combined Benefit Fund and 1992 Benefit Plan is estimated to be approximately $33 million, with contributions of $2 million for the nine months ended September 30, 2024[205] - CONSOL Energy's securitization facility has a maximum capacity of $100 million, with loans accruing interest at a reserve-adjusted market index rate equal to the applicable term SOFR rate plus a program fee ranging from 2.00% to 2.50% per annum[218][219] - The company's cash used in financing activities decreased by $460 million for the nine months ended September 30, 2024 compared to the same period in 2023, primarily due to a $206 million decrease in share repurchases and a $174 million decrease in net payments on indebtedness[208] - CONSOL Energy's insurance rates have stabilized and even decreased on certain lines of coverage as new insurance carriers have entered the market, after experiencing rising premiums and reduced coverage in previous years[203] - CONSOL Energy's revolving credit facility has $231 million of unused capacity as of September 30, 2024, with $124 million of letters of credit outstanding[215] - Eligible accounts receivable yielded $57 million of borrowing capacity at September 30, 2024, with $2 million of unused capacity[221] - CONSOL Energy borrowed $75 million from PEDFA Bonds at a fixed interest rate of 9.00%, maturing in April 2051[222] - CONSOL Energy expects to make payments of $120 million on long-term debt obligations in the next 12 months, including $103 million for MEDCO revenue bonds[225] - CONSOL Energy expects to make payments of $6 million on operating and finance lease obligations in the next 12 months[226] - CONSOL Energy expects to make payments of $48 million on employee-related long-term liabilities in the next 12 months[227] - Total long-term debt and finance lease obligations at September 30, 2024, were $197 million, including $103 million of industrial revenue bonds and $75 million of PEDFA Bonds[228][229] - CONSOL Energy repurchased and retired 747,351 shares of common stock at an average price of $89.49 per share during the nine months ended September 30, 2024[234] - Total equity attributable to CONSOL Energy was $1,529 million at September 30, 2024, compared to $1,343 million at December 31, 2023[235] - CONSOL Energy announced a $0.25/share dividend, totaling approximately $7 million, payable on November 26, 2024[237] - CONSOL Energy had no borrowings outstanding under the $355 million senior secured Revolving Credit Facility and $100 million securitization facility at September 30, 2024[231] Terminal Operations and Throughput - The Company's Terminal revenue consists of fees charged for coal loaded at the CONSOL Marine Terminal, which provides access to international coal markets[148] - Throughput tons at the CONSOL Marine Terminal decreased to 11.5 million tons for the nine months ended September 30, 2024, from 14.2 million tons in 2023, due to the Francis Scott Key Bridge collapse[190][196] - The company utilized an alternative port and accelerated domestic shipments to mitigate the impact of the CONSOL Marine Terminal's restricted access following the bridge collapse[196] Royalty and Other Income - Royalty income increased due to additional leased coal volumes and investments in coal-to-product businesses led by CONSOL Innovations LLC[152] Internal Controls and Litigation - CONSOL Energy's disclosure controls and procedures are effective as of September 30, 2024, ensuring timely and accurate reporting under SEC rules[243] - No material changes in the company's internal controls over financial reporting during the fiscal quarter[244] - The company acknowledges that no control system can provide absolute assurance due to assumptions about future events[245] - CONSOL Energy is not currently subject to any material litigation, except as disclosed in Note 13 of the financial statements[246]