CONSOL Energy (CEIX) - 2025 Q3 - Quarterly Results

Financial Performance - Core Natural Resources reported net income of $31.6 million, or $0.61 per diluted share, for Q3 2025, with revenues totaling $1,002.5 million[2] - The company generated net cash provided by operating activities of $87.9 million and free cash flow of $38.9 million during the quarter[5] - Core returned $24.6 million to stockholders through share buybacks and dividends, totaling $218.3 million returned since the capital return program's launch in February 2025[2] - Adjusted EBITDA for the consolidated segment was $141,182,000, with a net income of $31,598,000 for the three months ended September 30, 2025[23] - The company reported a net income tax benefit of $52,998,000, contributing to the overall net income[23] Revenue and Costs - Total revenues for the three months ended September 30, 2025, were $1,002,543,000, with a realized coal revenue of $841,489,000[21] - Realized coal revenue per ton sold was $59.78 for High CV, $101.60 for Marine, and $14.09 for PRB[21] - Cash cost of coal sold totaled $672,232,000, with a cash cost of coal sold per ton of $40.53 for High CV and $94.18 for Marine[22] - Transportation costs accounted for $152,292,000, impacting the overall revenue and cost structure[21] Segment Performance - The high calorific value thermal coal segment achieved realized coal revenue per ton sold of $59.78, with cash costs of $40.53 per ton[3] - In the Powder River Basin segment, sales volumes reached 13.0 million tons, with realized coal revenue per ton sold at $14.09 and cash costs at $13.04 per ton[3] - The metallurgical segment generated a realized coal revenue of $225,782,000, with coking coal revenue at $208,986,000 and thermal byproduct revenue at $16,796,000[21] - Tons sold for the metallurgical segment were 2,222, with a realized coal revenue per ton sold of $101.60[21] Future Outlook - Core has committed to approximately 26 million tons across all segments at prices expected to provide attractive margins[3] - The company expects to incur fire extinguishment and idle costs of $15 million to $25 million at the Leer South mine in Q4 2025[10] - 2025 guidance includes total sales volume of 83.4 million tons, with cash costs for metallurgical coal expected between $93.00 and $97.00 per ton[15] Liquidity and Investments - Core's total liquidity as of September 30, 2025, was $995.4 million, including $444.7 million in cash and cash equivalents[7] - The company is commencing an expanded drilling program to evaluate potential resources of rare earth elements and critical minerals[13] Risks - The company highlighted risks related to market volatility, operational disruptions, and regulatory changes that could affect future performance[25]