Concentrix Corporation (CNXC)

Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600June 5, 2026 7:25 PM
PR Newswire (US) NEW YORK, June 5, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 22, 2026, to coincide with the quarterly rebalance. The changes ensure that each index is more representative of its market capitalization range. The companies being removed from S&P MidCap 400 and S&P SmallCap 600 are no longer representative of the mid-cap and small-cap market space, respectively. Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective DateIndex Name       ActionCompany NameTickerGICS SectorJune 22, 2026S&P 500AdditionMarvell TechnologyMRVLInformation TechnologyJune 22, 2026S&P 500DeletionPool CorpPOOLConsumer DiscretionaryJune 22, 2026S&P 500AdditionFlexFLEXInformation TechnologyJune 22, 2026S&P 500DeletionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P MidCap 400AdditionRokuROKUCommunication ServicesJune 22, 2026S&P MidCap 400DeletionFlex FLEXInformation TechnologyJune 22, 2026S&P MidCap 400AdditionCoeur MiningCDEMaterialsJune 22, 2026S&P MidCap 400DeletionBellRing Brands BRBRConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSemtechSMTCInformation TechnologyJune 22, 2026S&P MidCap 400DeletionCotyCOTYConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSanminaSANMInformation TechnologyJune 22, 2026S&P MidCap 400DeletionConcentrix CNXCIndustrialsJune 22, 2026S&P MidCap 400AdditionViavi Solutions VIAVInformation TechnologyJune 22, 2026S&P MidCap 400DeletionBlackbaud BLKBInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionPoolPOOLConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEmbecta EMBCHealth CareJune 22, 2026S&P SmallCap 600AdditionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionUniversal Health Realty Trust UHTReal EstateJune 22, 2026S&P SmallCap 600AdditionCotyCOTYConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionSemtechSMTCInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionConcentrix CNXCIndustrialsJune 22, 2026S&P SmallCap 600DeletionSanmina SANMInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionBlackbaudBLKBInformation TechnologyJune 22, 2026S&P SmallCap 600DeletionViavi SolutionsVIAVInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionCredit Acceptance CACCFinancialsJune 22, 2026S&P SmallCap 600DeletionOxford IndustriesOXMConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionLazardLAZFinancialsJune 22, 2026S&P SmallCap 600DeletionGogoGOGOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionEastern BanksharesEBCFinancialsJune 22, 2026S&P SmallCap 600DeletionPRA GroupPRAAFinancialsJune 22, 2026S&P SmallCap 600AdditionWesbancoWSBCFinancialsJune 22, 2026S&P SmallCap 600DeletionInsteel IndustriesIIINIndustrialsJune 22, 2026S&P SmallCap 600AdditionWarby ParkerWRBYConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEthan Allen InteriorsETDConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionNicolet BanksharesNICFinancialsJune 22, 2026S&P SmallCap 600DeletionCytek BiosciencesCTKBHealth CareJune 22, 2026S&P SmallCap 600AdditionLiquidia LQDAHealth CareJune 22, 2026S&P SmallCap 600DeletionMonroMNROConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionRush Street InteractiveRSIConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionVital FarmsVITLConsumer StaplesJune 22, 2026S&P SmallCap 600AdditionUnited States Lime & MineralsUSLMMaterialsJune 22, 2026S&P SmallCap 600DeletionCable OneCABOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionInvenTrust PropertiesIVTReal EstateJune 22, 2026S&P SmallCap 600DeletionForward AirFWRDIndustrialsABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.FOR MORE INFORMATION:S&P Dow Jones Indices
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spdji.comms@spglobal.com View original content:https://www.prnewswire.com/news-releases/marvell-technology-and-flex-set-to-join-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-302793159.htmlSOURCE S&P Dow Jones Indices Original: Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Touchstone Advanced Composites, a Core Natural Resources Company, Supports Development of Northrop Grumman's YFQ-48A Talon Blue Autonomous AircraftMay 19, 2026 7:38 AM
PR Newswire (US) TRIADELPHIA, W.Va., May 19, 2026 /PRNewswire/ -- Touchstone Advanced Composites, part of the Innovations business unit of Core Natural Resources (NYSE: CNR), is fabricating complex structural tooling for Northrop Grumman's next-generation YFQ-48A Talon Blue Collaborative Combat Aircraft (CCA). Touchstone Advanced Composites played an integral part in Talon Blue's successful autonomous taxi test in Mojave, California.Touchstone is collaborating with Northrop Grumman to provide its unique CFOAM® tooling material and to fabricate certain parts for the aircraft. Northrop Grumman is developing Talon Blue as a modular, cost-effective and rapidly deployable autonomous wingman with the most advanced manufacturing techniques.Aircraft like this are built with a different philosophy than traditional manned fighters, emphasizing scalability, adaptability, and cost. Touchstone's integrated capabilities make it well-suited for programs requiring specialized, streamlined production, with an approach designed to move quickly and evolve seamlessly from prototype to full-scale manufacturing. In particular, Touchstone's innovative CFOAM® technology, which is used to make the tools or molds for manufacturing composite aerospace parts, supports this philosophy by providing high-precision, thermally stable tools that can be readily modified as the aircraft is designed and easily transitioned from development to initial production. CFOAM® is made from domestically sourced bituminous coal."Our focus is on bridging the gap between prototype and full-rate production without compromising performance," said Dan Connell, president of Core's Innovations business unit. "By providing a versatile material with tight control over thermal properties and material behavior, we're able to support a faster, more adaptable engineering process as aircraft continue to evolve. CFOAM® is a great example of how Core Natural Resources is creating new value propositions for coal, positioning it as a key material in next-generation applications across advanced manufacturing sectors such as aerospace and defense."For more information about Touchstone Advanced Composites, please visit https://touchstoneac.com/About Core's Innovations GroupCore's Innovations group continues to drive progress across its entire raft of next-generation coal applications and products. For instance, its aerospace business now includes 75,000 square feet of manufacturing space in West Virginia and Texas and has become a full-service provider of high-performance materials, tooling, parts, and assemblies to meet the growing needs of our nation's aerospace and defense sector.  Its C-BATT joint venture has the potential to reduce America's heavy reliance on imported Chinese graphite, which is a key component in lithium-ion batteries. In addition, the Innovations team continues to explore the development potential of rare earth elements and critical minerals across Core Natural Resources' entire mining platform.About Northrop Grumman  Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day.   View original content to download multimedia:https://www.prnewswire.com/news-releases/touchstone-advanced-composites-a-core-natural-resources-company-supports-development-of-northrop-grummans-yfq-48a-talon-blue-autonomous-aircraft-302775620.htmlSOURCE Core Natural Resources Original: Touchstone Advanced Composites, a Core Natural Resources Company, Supports Development of Northrop Grumman's YFQ-48A Talon Blue Autonomous Aircraft

Core Promotes Braithwaite to Chief Commercial OfficerMay 13, 2026 7:58 AM
PR Newswire (US) CANONSBURG, Pa., May 13, 2026 /PRNewswire/ -- Today, Core Natural Resources, Inc. (NYSE: CNR) ("Core," the "company," "we" or "our") announced the promotion of Robert Braithwaite to senior vice president and chief commercial officer, effective immediately. In this expanded executive leadership role, Braithwaite will oversee the company's commercial strategy, including coal sales and marketing, transportation and logistics, and market development initiatives across domestic and international markets. "Bob has consistently demonstrated strong leadership, sound commercial judgment, and a deep understanding of the coal industry and our customers' evolving needs," said Jimmy Brock, Core's board chair and chief executive officer. "His experience across sales, logistics, and market strategy has been instrumental to our success, and we are confident in his ability to lead our commercial organization as we continue to execute on our long-term growth strategy."As chief commercial officer, Braithwaite will focus on advancing strategic growth opportunities, strengthening customer and transportation partnerships, optimizing commercial performance, and supporting the company's long-term operational and financial objectives. He will continue to report to Mitesh Thakkar, Core's president and chief financial officer.Braithwaite previously served as senior vice president of marketing and sales at Core, a position he had held since the company's formation via the merger of CONSOL Energy and Arch Resources in January 2025. Prior to that time, he served as vice president of marketing and sales at CONSOL, where he had held various leadership roles in sales and marketing since joining the company in 2005.About Core Natural Resources, Inc.
Core Natural Resources, Inc. (NYSE: CNR) is a world-class producer of high-quality metallurgical and high calorific value thermal coals for the global marketplace. Core's highly skilled workforce operates a best-in-sector portfolio of large-scale, low-cost longwall mines, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines, along with one of the world's largest and most productive surface mines, Black Thunder. The company plays an essential role in meeting the world's growing need for steel, infrastructure, and energy, while simultaneously serving the resurgent requirements of the U.S. power generation fleet. Core has an extensive and strategic logistical network – anchored by ownership positions in two East Coast marine export terminals – that provides reliable and efficient access to seaborne coal markets. The company's deeply ingrained culture is grounded in safety and compliance, continuous improvement, and financial performance, with an emphasis on stakeholder engagement and stockholder returns. Core was created in January 2025 via the merger of long-time industry leaders CONSOL Energy and Arch Resources and is based in Canonsburg, Pennsylvania.     View original content to download multimedia:https://www.prnewswire.com/news-releases/core-promotes-braithwaite-to-chief-commercial-officer-302770156.htmlSOURCE Core Natural Resources Original: Core Promotes Braithwaite to Chief Commercial Officer

Core Natural Resources Reports First Quarter 2026 ResultsMay 7, 2026 6:55 AM
PR Newswire (US) Reports net income of $21.0 million and adjusted EBITDA1 of $179.9 million
Delivers excellent operating performances at Leer South and West Elk
Generates net cash provided by operating activities of $119.4 million and free cash flow1 of $55.5 million 
Returns $47.0 million to stockholders, bringing the total returned to stockholders since Q1 2025 to $292.1 millionCANONSBURG, Pa., May 7, 2026 /PRNewswire/ -- Today, Core Natural Resources, Inc. (NYSE: CNR) ("Core" or the "company") reported net income of $21.0 million, or $0.41 per diluted share, in the first quarter of 2026. Additionally, Core reported adjusted EBITDA1 of $179.9 million in the quarter. Revenues totaled $1.1 billion in Q1. "I am pleased to report that Core is beginning to demonstrate the true potential of the combined platform," said Jimmy Brock, Core's chair and chief executive officer. "During Q1, Core's operations executed at a high level, led by strong performances at Leer South and West Elk, while again deploying substantial free cash flow to our capital return program. The metallurgical segment achieved a significant, quarter-over-quarter increase in sales margins, underpinned by a substantial step-down in its cash cost of coal sold per ton, and the high calorific value thermal segment again delivered solid sales margins even as it navigated elevated electricity costs at the Pennsylvania Mining Complex stemming from this winter's Arctic outbreak as well as several weeks of challenging geology at the PAMC. Most importantly, the team continued to operate in tight alignment with our core values – safety and compliance, continuous improvement, and financial performance. Looking ahead, we expect to maintain this positive momentum in pursuit of operational excellence across the entire enterprise."Operational and Marketing UpdateDuring the first quarter of 2026, Core's high calorific value thermal segment had coal sales of 7.7 million tons and achieved realized coal revenue per ton sold1 of $58.86, with both sales volumes and realized pricing generally in line with the previous quarter's results. The segment had cash cost of coal sold per ton1 of $42.56, which was modestly higher than in the previous quarter due to the previously discussed power price spikes and short-term (and now past) geologic challenges at the PAMC.In Core's metallurgical segment, coking coal sales totaled 2.1 million tons in Q1 and thermal byproduct sales totaled 0.3 million tons. The segment achieved realized coal revenue per ton sold1 for coking coal of $122.11, which was 7 percent higher than during the previous quarter due principally to an increased percentage of sales linked to Premium Low-Vol pricing. Realized coal revenue per ton sold1 for the metallurgical segment as a whole was $112.03. The metallurgical segment reported a cash cost of coal sold per ton1 of $92.35, which was 11 percent lower than in the previous quarter.In the Powder River Basin segment, Q1 sales volumes totaled 11.9 million tons, which represented a step-down from the previous quarter's volume levels due to reduced shipments in the face of a relatively temperate winter overall. Realized coal revenue per ton sold1 was $14.39 and cash cost of coal sold per ton1 came in at $13.64, which was generally in line with the previous quarter despite the lower volume levels.The following table presents operational results by reportable segment (in millions, except per ton information):
Three Months Ended
March 31, 2026
December 31, 2025
March 31, 2025High C.V. Thermal Segment




Tons Sold7.7
7.8
7.1Realized Coal Revenue per Ton Sold1$                 58.86
$                     58.11
$                 63.18Cash Cost of Coal Sold per Ton1$                 42.56
$                     41.42
$                 42.78Cash Margin per Ton Sold1$                 16.30
$                     16.69
$                 20.40





Metallurgical Segment




Tons Sold2.5
2.3
2.3Coking Coal2.1
2.0
1.9Thermal Byproduct0.3
0.3
0.4Realized Coal Revenue per Ton Sold1$               112.03
$                   105.45
$                 98.26Coking Coal1$               122.11
$                   114.25
$               113.70Thermal Byproduct1$                 41.94
$                     47.50
$                 32.83Cash Cost of Coal Sold per Ton1$                 92.35
$                   103.49
$                 91.00Cash Margin per Ton Sold1$                 19.68
$                       1.96
$                   7.26





Powder River Basin Segment




Tons Sold11.9
12.6
10.7Realized Coal Revenue per Ton Sold1$                 14.39
$                     14.21
$                 14.93Cash Cost of Coal Sold per Ton1$                 13.64
$                     13.62
$                 12.44Cash Margin per Ton Sold1$                   0.75
$                       0.59
$                   2.49Financial, Liquidity, and Capital Return UpdateDuring Q1 2026, Core generated net cash provided by operating activities of $119.4 million and free cash flow1 of $55.5 million.Core's capital return framework targets the return to stockholders of around 75 percent of free cash flow1, with the significant majority of that return directed to share repurchases complemented by a sustaining quarterly dividend of $0.10 per share. During Q1 2026, the company invested $41.9 million to repurchase 464,600 shares of its common stock at an average share price of $90.23. Core has now invested a total of $266.2 million to repurchase 3.6 million shares of common stock, or roughly 6.6 percent of total shares outstanding as of the program's launch, at an average share price of $74.92, and a total of $292.1 million, inclusive of dividend payments, in the capital return program overall.Since the inception of its capital return program in February 2025, Core has returned approximately 97 percent of its free cash flow1 to stockholders via its capital return program. As of March 31, 2026, Core had $733.8 million of remaining authorization under its existing $1.0 billion share repurchase program.In addition, the board declared a $0.10 per share quarterly dividend payable on June 12, 2026, to stockholders of record on May 29, 2026."Looking ahead, we expect to build on the strong free cash flow generation achieved in the first quarter of 2026, supported by the anticipation of further improvements in our operational execution and cost performance in key operating segments; the expectation of significant incremental insurance proceeds related to last year's combustion event at Leer South; and our strong book of contracted business, particularly in the high calorific value thermal segment," said Mitesh Thakkar, Core's president and chief financial officer. "We expect that strong outlook for free cash flow generation to drive another year of robust capital returns to our stockholders, anchored by share repurchases."At March 31, 2026, Core had total liquidity of $935 million, including $413 million in cash and cash equivalents.Market UpdateMarket conditions are highly dynamic in global energy markets at present.Despite continuing growth in U.S. electricity demand, particularly in the most coal-dependent regions, thermal coal consumption retraced during Q1 in the face of relatively mild weather and weak natural gas prices. Still, Core views the outlook for domestic thermal coal demand as promising, as U.S. grid operators prepare for robust power demand growth through the remainder of the decade, spurred by the AI-driven data center build-out. With the U.S. coal fleet still operating at a capacity factor of less than 50 percent – and with the Trump Administration moving aggressively to ensure the long-term viability of the U.S. coal fleet – Core expects U.S. thermal coal markets to expand and strengthen in coming quarters.While global economic uncertainty has weighed on metallurgical markets in recent months, the ongoing rationalization of high-cost supply coupled with the aftereffects of weather-related disruptions in Australia continue to provide a level of support to these markets, while at the same time highlighting the fragility of the global supply chain. Looking ahead, Core expects the ongoing, steel-dependent build-out of Southeast Asian economies – along with sustained investment in new blast furnace capacity across that region – to support a constructive, long-term market outlook for high-quality coking coals.Importantly, Core continues to capitalize on the ability to direct its exceptionally high-rank thermal coals to the most advantageous segments of the seaborne market at a time of historic volatility in energy markets.Outlook"As anticipated, we believe we have reached an inflection point in Core's operational and financial execution," Brock stated. "With the entire operating platform now performing at a high level, we expect to generate substantial amounts of free cash flow for deployment in our capital return program in future quarters, while continuing to demonstrate Core's ability to create stockholder value in a wide range of market environments. At the same time, our diversified portfolio of world-class assets – in concert with our extensive and strategic logistical network – should continue to position us to capitalize on the most compelling market opportunities in today's highly dynamic energy markets, including resurgent power demand growth here in the United States, tightening global energy markets, and the ongoing infrastructure build-out in the developing world."1 - Adjusted EBITDA and Free Cash Flow are non-GAAP financial measures and Realized Coal Revenue per Ton Sold and Cash Cost of Coal Sold per Ton are operating ratios derived from non-GAAP financial measures, each of which is reconciled to the most directly comparable GAAP financial measures below, under the caption "Reconciliation of Non-GAAP Financial Measures." Cash Margin per Ton Sold is an operating ratio derived from non-GAAP financial measures and is defined as realized coal revenue per ton sold less cash cost of coal sold per ton.2026 Guidance
2026
Tons
$ per tonSales Volume (in millions of tons)


Coking18.6 - 9.4

High C.V. Thermal230.0 - 32.0

Powder River Basin47.0 - 50.0

Total85.6 - 91.4





Metallurgical (in millions of tons)


Committed, Priced Coking3.8
$122.40Committed, Unpriced Coking4.5

Total Committed Coking8.3





Metallurgical Cash Cost of Coal Sold per Ton

$88.00 - $94.00



High C.V. Thermal (in millions of tons)


Committed, Priced328.5
$57.85Committed, Unpriced0.6

Total Committed High C.V. Thermal29.1





High C.V. Thermal Cash Cost of Coal Sold per Ton

$38.00 - $39.50



Powder River Basin4 (in millions of tons)


Committed, Priced47.8
$14.20



Powder River Basin Cash Cost of Coal Sold per Ton

$13.00 - $13.50



Corporate (in $ millions)


Capital Expenditures$325 - $375

Depreciation, Depletion and Amortization$600 - $650

Cash Basis Selling, General and Administrative5$85 - $100

Cash Tax Rate0% - 5%

1 - Excludes thermal byproduct2 - Includes crossover volumes3 - Reflects inclusion of collared commitments4 - Reflects the expected impact of the recently enacted royalty rate reduction on federal coal leases5 - Excludes expenses related to non-cash stock-based compensation and other non-recurring adjustments
Note - Core is unable to provide a reconciliation of Metallurgical Cash Cost of Coal Sold per Ton, High C.V. Thermal Cash Cost of Coal Sold per Ton and Powder River Basin Cash Cost of Coal Sold per Ton guidance, which are operating ratios derived from non-GAAP financial measures, without unreasonable efforts due to the unknown effect, timing and potential significance of certain income statement items.Availability of Additional InformationPlease refer to our website, www.corenaturalresources.com, for additional information regarding the company. In addition, we may provide other information about the company from time to time on our website.Investors seeking our detailed financial statements can refer to the Quarterly Report on Form 10-Q once it has been filed with the Securities and Exchange Commission ("SEC").About Core Natural Resources, Inc.Core Natural Resources, Inc. (NYSE: CNR) is a world-class producer of high-quality metallurgical and high calorific value thermal coals for the global marketplace. Core's highly skilled workforce operates a best-in-sector portfolio of large-scale, low-cost longwall mines, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines, along with one of the world's largest and most productive surface mines, Black Thunder. The company plays an essential role in meeting the world's growing need for steel, infrastructure, and energy, while simultaneously serving the resurgent requirements of the U.S. power generation fleet. Core has an extensive and strategic logistical network – anchored by ownership positions in two East Coast marine export terminals – that provides reliable and efficient access to seaborne coal markets. The company's deeply ingrained culture is grounded in safety and compliance, continuous improvement, and financial performance, with an emphasis on stakeholder engagement and stockholder returns. Core was created in January 2025 via the merger of long-time industry leaders CONSOL Energy and Arch Resources and is based in Canonsburg, Pennsylvania.Condensed Consolidated Statement of Cash FlowsThe following table presents the condensed consolidated statement of cash flows for the three months ended March 31, 2026 (in thousands):
Three Months Ended March 31,
2026Cash Flows from Operating Activities:(Unaudited)Net Income$                   21,044Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation, Depletion and Amortization146,295Other Non-Cash Adjustments to Net Income4,554Changes in Working Capital(52,493)Net Cash Provided by Operating Activities119,400Cash Flows from Investing Activities:
Capital Expenditures(73,097)Proceeds from Sales of Assets9,211Other Investing Activity(15,949)Net Cash Used in Investing Activities(79,835)Cash Flows from Financing Activities:
Net Payments on Long-Term Debt, Including Fees(8,923)Repurchases of Common Stock(41,923)Dividends and Dividend Equivalents Paid(5,105)Other Financing Activities(1,646)Net Cash Used in Financing Activities(57,597)Net Decrease in Cash, Cash Equivalents and Restricted Cash(18,032)Cash, Cash Equivalents and Restricted Cash at Beginning of Period601,162Cash, Cash Equivalents and Restricted Cash at End of Period$                  583,130Reconciliation of Non-GAAP Financial MeasuresWe define realized coal revenue as revenues reported in the Condensed Consolidated Statements of Income (Loss) less transportation costs, transloading revenues and other revenues not directly attributable to coal sales. We define realized coal revenue per ton sold as realized coal revenue divided by tons sold.The following tables present reconciliations by reportable segment of realized coal revenue and realized coal revenue per ton sold to revenues, the most directly comparable GAAP financial measure (in thousands, except per ton information):
Three Months Ended March 31, 2026
High CV
Thermal
Metallurgical
PRB
Core
Marine
Terminal
Idle and
Other
Eliminations
ConsolidatedRevenues $  552,832
$     342,335
$  175,180
$   24,212
$  5,429
$     (15,710)
$   1,084,278Less: Adjustments to Reconcile
to Segment Realized Coal Revenue












Transportation Costs, including
Intersegment Transportation Costs99,373
67,787
3,707
—
—
—
170,867Intersegment Terminal Revenues—
—
—
15,710
—
(15,710)
—Non-Coal Revenues—
—
—
8,502
5,429
—
13,931Segment Realized Coal Revenue$  453,459
$     274,548
$  171,473
$          —
$       —
$             —
$      899,480Tons Sold 7,703
2,451
11,918







Realized Coal Revenue per Ton Sold$      58.86
$       112.03
$      14.39









Three Months Ended December 31, 2025
High CV
Thermal
Metallurgical
PRB
Core
Marine
Terminal
Idle and
Other
Eliminations
ConsolidatedRevenues $  545,336
$     304,787
$  182,956
$   24,105
$  2,996
$     (17,715)
$   1,042,465Less: Adjustments to Reconcile
to Segment Realized Coal Revenue












Transportation Costs, including
Intersegment Transportation Costs89,525
65,953
3,287
—
—
—
158,765Intersegment Terminal Revenues—
—
—
17,715
—
(17,715)
—Non-Coal Revenues—
—
—
6,390
2,996
—
9,386Segment Realized Coal Revenue$  455,811
$     238,834
$  179,669
$          —
$       —
$              —
$      874,314Tons Sold 7,844
2,265
12,647







Realized Coal Revenue per Ton Sold$      58.11
$       105.45
$     14.21









Three Months Ended March 31, 2025
High CV
Thermal
Metallurgical
PRB
Core
Marine
Terminal
Idle and
Other
Eliminations
ConsolidatedRevenues$  542,086
$     304,580
$  162,589
$   21,226
$  3,195
$     (16,270)
$   1,017,406Less: Adjustments to Reconcile
to Segment Realized Coal Revenue












Transportation Costs, including
Intersegment Transportation Costs93,729
76,982
2,740
—
—
—
173,451Intersegment Terminal Revenues—
—
—
16,270
—
(16,270)
—Non-Coal Revenues—
—
—
4,956
3,195
—
8,151Segment Realized Coal Revenue$  448,357
$     227,598
$  159,849
$          —
$       —
$              —
$      835,804Tons Sold7,097
2,316
10,707







Realized Coal Revenue per Ton Sold$      63.18
$         98.26
$     14.93







The following tables present breakdowns of the realized coal revenue per ton sold for the Metallurgical segment between coking coal and thermal byproduct (in thousands, except per ton information):
Three Months Ended March 31, 2026
Coking Coal
Thermal
Byproduct
Total
Metallurgical
SegmentSegment Realized Coal Revenue$         261,632
$          12,916
$         274,548Tons Sold2,143
308
2,451Realized Coal Revenue per Ton Sold$           122.11
$            41.94
$           112.03

Three Months Ended December 31, 2025
Coking Coal
Thermal
Byproduct
Total
Metallurgical
SegmentSegment Realized Coal Revenue$         224,647
$          14,187
$         238,834Tons Sold1,966
299
2,265Realized Coal Revenue per Ton Sold$           114.25
$            47.50
$           105.45

Three Months Ended March 31, 2025
Coking Coal
Thermal
Byproduct
Total
Metallurgical
SegmentSegment Realized Coal Revenue$         213,082
$          14,516
$         227,598Tons Sold1,874
442
2,316Realized Coal Revenue per Ton Sold$           113.70
$            32.83
$             98.26We evaluate our cash cost of coal sold on an aggregate basis by segment and our cash cost of coal sold per ton on a per-ton basis. Cash cost of coal sold includes items such as direct operating costs, royalties, production taxes and credits and direct administration costs, and excludes transportation costs, indirect costs, other costs not directly attributable to the production of coal and depreciation, depletion and amortization costs on production assets. We define cash cost of coal sold per ton as cash cost of coal sold divided by tons sold.The following tables present reconciliations by reportable segment of cash cost of coal sold and cash cost of coal sold per ton to cost of sales, the most directly comparable GAAP financial measure (in thousands, except per ton information):
Three Months Ended March 31, 2026
High CV
Thermal
Metallurgical
PRB
Core
Marine
Terminal
Idle and
Other
Eliminations
ConsolidatedCost of Sales$  427,198
$     284,369
$  166,303
$     8,230
$  8,795
$     (15,710)
$      879,185Less: Adjustments to Reconcile
to Segment Cash Cost of Coal Sold












Transportation Costs84,716
66,734
3,707
—
—
—
155,157Intersegment Transportation Costs14,657
1,053
—
—
—
(15,710)
—Cost of Sales from Idled Operations—
—
—
—
4,480
—
4,480Insurance Reimbursements - Fire Costs—
(9,723)
—
—
—
—
(9,723)Terminal Operating Costs—
—
—
8,230
—
—
8,230Other Non-Active Mining Costs—
—
—
—
4,315
—
4,315Segment Cash Cost of Coal Sold$  327,825
$     226,305
$  162,596
$          —
$       —
$              —
$      716,726Tons Sold7,703
2,451
11,918







Cash Cost of Coal Sold per Ton$      42.56
$         92.35
$      13.64









Three Months Ended December 31, 2025
High CV
Thermal
Metallurgical
PRB
Core
Marine
Terminal
Idle and
Other
Eliminations
ConsolidatedCost of Sales$  425,553
$     325,629
$  175,539
$     7,813
$ 17,656
$     (17,715)
$      934,475Less: Adjustments to Reconcile
to Segment Cash Cost of Coal Sold












Transportation Costs73,605
64,158
3,287
—
—
—
141,050Intersegment Transportation Costs15,920
1,795
—
—
—
(17,715)
—Cost of Sales from Idled Operations11,124
25,262
—
—
9,501
—
45,887Terminal Operating Costs—
—
—
7,813
—
—
7,813Other Non-Active Mining Costs—
—
—
—
8,155
—
8,155Segment Cash Cost of Coal Sold$  324,904
$     234,414
$  172,252
$          —
$       —
$              —
$      731,570Tons Sold7,844
2,265
12,647







Cash Cost of Coal Sold per Ton$      41.42
$       103.49
$      13.62









Three Months Ended March 31, 2025
High CV
Thermal
Metallurgical
PRB
Core
Marine
Terminal
Idle and
Other
Eliminations
ConsolidatedCost of Sales$  397,290
$     324,163
$  135,898
$     7,825
$ 21,390
$     (16,270)
$      870,296Less: Adjustments to Reconcile
to Segment Cash Cost of Coal Sold












Transportation Costs78,175
76,266
2,740
—
—
—
157,181Intersegment Transportation Costs15,554
716
—
—
—
(16,270)
—Cost of Sales from Idled Operations —
36,406
—
—
4,644
—
41,050Terminal Operating Costs—
—
—
7,825
—
—
7,825Other Non-Active Mining Costs—
—
—
—
16,746
—
16,746Segment Cash Cost of Coal Sold$  303,561
$     210,775
$  133,158
$          —
$        —
$              —
$      647,494Tons Sold7,097
2,316
10,707







Cash Cost of Coal Sold per Ton$      42.78
$         91.00
$     12.44







We define adjusted EBITDA as (i) net income (loss) plus income taxes, net interest expense and depreciation, depletion and amortization, as adjusted for (ii) certain non-cash items, such as loss on debt extinguishment and (iii) other adjustments, such as stock-based compensation, Merger-related expenses and fair value adjustments of commodity derivative instruments. Adjusted EBITDA may also be adjusted for items that may not reflect the trend of future results by excluding transactions that are not indicative of our operating performance or that arise outside of the ordinary course of our business.The following table presents a reconciliation by reportable segment of adjusted EBITDA to net income (loss), the most directly comparable GAAP financial measure (in thousands):
Three Months Ended March 31, 2026
High CV
Thermal
Metallurgical
PRB
Core
Marine
Terminal
Other and
Corporate
ConsolidatedNet Income (Loss)$    72,958
$      (12,895)
$         577
$    14,503
$     (54,099)
$        21,044Income Tax Benefit—
—
—
—
(427)
(427)Interest Expense, net—
—
—
—
6,444
6,444Depreciation, Depletion and Amortization52,676
70,861
8,300
1,479
12,979
146,295Other Adjustments—
—
—
—
6,534
6,534Adjusted EBITDA$   125,634
$       57,966
$      8,877
$    15,982
$     (28,569)
$      179,890Free cash flow is a non-GAAP financial measure, defined as net cash provided by operating activities plus proceeds from sales of assets and unrestricted cash proceeds from the Merger with Arch Resources, Inc., less capital expenditures and investments in mining-related activities. Management believes that this measure is meaningful to investors because management reviews cash flows generated from operations and non-core asset sales after taking into consideration capital expenditures due to the fact that these expenditures are considered necessary to maintain and expand the company's asset base and are expected to generate future cash flows from operations. It is important to note that free cash flow does not represent the residual cash flow available for discretionary expenditures, since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure. The following table presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP financial measure (in thousands):
Three Months Ended
March 31, 2026Net Cash Provided by Operating Activities$               119,400

Capital Expenditures(73,097)Proceeds from Sales of Assets9,211Free Cash Flow$                55,514Cautionary Statement Regarding Forward-Looking StatementsThis communication contains certain "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements may be identified by words such as "years ahead," "look forward" and similar expressions. Forward-looking statements are not statements of historical fact and reflect Core's current views about future events. No assurances can be given that the forward-looking statements contained in this communication will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, uncertainties regarding the ability of Core to mine, upgrade, process, and extract rare earth elements and critical minerals from its existing mines, including uncertainties regarding the financial impacts of such activities; risks related to the recently announced CEO transition; risks related to the prior occurrence of combustion-related activity at Core's Leer South mine and the risk of future occurrences; the increase in combustion-related gases at Core's Leer South mine; deterioration in economic conditions or changes in consumption patterns of our customers may decrease demand for our products, impair our ability to collect customer receivables and impair our ability to access capital; volatility and wide fluctuation in coal prices based upon a number of factors beyond our control; an extended decline in the prices we receive for our coal; significant downtime of our equipment or inability to obtain equipment, parts or raw materials; decreases in the availability of, or increases in the price of, commodities or capital equipment used in our coal mining operations; our reliance on major customers, our ability to collect payment from our customers and uncertainty in connection with our customer contracts; our inability to acquire additional coal reserves or resources that are economically recoverable; decreases in coal consumption patterns for steel production, electric power generation and industrial applications; the availability and reliability of transportation facilities and other systems that deliver our coal to market and fluctuations in transportation costs; a loss of our competitive position; inflation that could result in higher costs and decreased profitability; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; risks related to the fact that a significant portion of our production is sold in international markets (and may grow) and our compliance with export control and anti-corruption laws; coal users switching to other fuels in order to comply with various environmental standards related to coal combustion emissions; the impact of current and future regulations to address climate change, the discharge, disposal and clean-up of hazardous substances and wastes and employee health and safety on our operating costs as well as on the market for coal; the risks inherent in coal operations, including being subject to unexpected disruptions caused by adverse geological conditions, equipment failure, delays in moving longwall equipment, railroad derailments or strikes, security breaches or terroristic acts and other hazards, delays in the completion of significant construction or repair of equipment, fires, explosions, seismic activities, accidents and weather conditions; failure to obtain or renew surety bonds, letters of credit or insurance coverages on acceptable terms; the effects of coordinating our operations with oil and natural gas drillers and distributors operating on our land; our inability to obtain financing for capital expenditures on satisfactory terms; the effects of our securities being excluded from certain investment funds as a result of environmental, social and corporate governance ("ESG") practices; the effects of global conflicts on commodity prices and supply chains; the effect of new or existing laws, regulations, tariffs, executive orders or other trade measures; our inability to find suitable joint venture partners, acquisition targets or similar investments or integrating the operations of future acquisitions or investments into our operations; obtaining, maintaining and renewing governmental permits and approvals for our coal operations; the effects of asset retirement obligations, employee-related long-term liabilities and certain other liabilities; uncertainties in estimating our economically recoverable coal reserves; defects in our chain of title for our undeveloped reserves or failure to acquire additional property to perfect our title to coal rights; the outcomes of various legal proceedings; the risk of our debt agreements, our debt and changes in interest rates affecting our operating results and cash flows; information theft, data corruption, operational disruption and/or financial loss resulting from a terrorist attack or cyber incident; the potential failure to retain and attract qualified personnel of the company; failure to maintain effective internal control over financial reporting; uncertainty with respect to the company's common stock, potential stock price volatility and future dilution; uncertainty regarding the timing and value of any dividends we may declare; uncertainty as to whether we will repurchase shares of our common stock; inability of stockholders to bring legal action against us in any forum other than the state courts of Delaware; the risk that the businesses of the company and Arch Resources, Inc. will not be integrated successfully after the closing of the Merger; the risk that the anticipated benefits of the Merger may not be realized or may take longer to realize than expected; and other unforeseen factors.All such factors are difficult to predict, are beyond Core's control, and are subject to additional risks and uncertainties, including those detailed in Core's annual report on Form 10-K for the year ended December 31, 2025, quarterly reports on Form 10-Q, and current reports on Form 8-K that are available on Core's website at www.corenaturalresources.com and on the SEC's website at http://www.sec.gov.Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Core does not undertake any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. View original content to download multimedia:https://www.prnewswire.com/news-releases/core-natural-resources-reports-first-quarter-2026-results-302764883.htmlSOURCE Core Natural Resources Original: Core Natural Resources Reports First Quarter 2026 Results

Ted Doheny and Ron Keating Elected to Core Natural Resources' Board of DirectorsApril 30, 2026 4:30 PM
PR Newswire (US)

CANONSBURG, Pa., April 30, 2026 /PRNewswire/ -- Today, Core Natural Resources, Inc. (NYSE: CNR) ("Core," the "company," "we" or "our") announced that Edward L. Doheny II and Ronald C. Keating have been elected to its board of directors at Core's Annual Meeting of Stockholders held on April 30, 2026.







"We are extremely pleased to welcome Ron and Ted to the Core board," said Jimmy Brock, Core's chairman and chief executive officer. "Both are proven leaders with exceptional track records of driving operational excellence, innovation, growth and stockholder value, and both bring tremendous business acumen and a wealth of board-related experiences to our high-performing board. I look forward to working with Ted, Ron and the rest of the board to realize Core's great potential, while operating in tight alignment with our core values of safety and compliance, continuous improvement, and financial performance."Ron Keating currently serves as president and chief executive officer of Excelitas Technologies Corp., a leading provider of industrial technologies, precision instrumentation, measurement, and control systems. Prior to joining Excelitas, Keating served as president and chief executive officer of Evoqua Water Technologies, a leading provider of global water treatment solutions and services. Keating also served as president, chief executive officer and chairman of the board of Contech Engineered Solutions Inc., a manufacturer of infrastructure products. Earlier in his career, Keating held a range of senior executive positions at Kennametal Inc., including vice president and president of the Metalworking Solutions and Services Group, and also held various management positions at Ingersoll-Rand Inc. He currently serves on the board of directors of Hayward Holdings, Inc. and is a past director of Enpro Inc., Evoqua Water Technologies Corp., and US Ecology, Inc. Keating holds an M.B.A. from the Kellogg School of Management at Northwestern University and a B.S. in Industrial Distribution from Texas A&M University.Ted Doheny currently serves as a senior advisor at the Boston Consulting Group. Prior to joining BCG, Doheny served as president and CEO of Sealed Air, a global packaging company; as president and CEO of Joy Global, a global mining equipment manufacturer until it was acquired by Komatsu America Corp. in 2017; and as president and chief operating officer of Joy Mining Machinery. Earlier in his career, Doheny spent 21 years at Ingersoll-Rand Corporation, holding leadership positions across the U.S., Europe, and Asia Pacific, culminating in his role as sector president of Industrial Technologies. In addition, he served as a director of John Bean Technologies, Joy Global, Sealed Air, and Eastman Chemical Company. He is a past member of the executive committee of the National Association of Manufacturers and the National Mining Association, and he was a founding board member of the Alliance to End Plastic Waste. Doheny earned a B.S. in Mechanical Engineering from Cornell University, where he was a Cornell National Scholar, and an M.S.M. in Business from Purdue University.About Core Natural Resources, Inc.
Core Natural Resources, Inc. (NYSE: CNR) is a world-class producer of high-quality metallurgical and high calorific value thermal coals for the global marketplace. Core's highly skilled workforce operates a best-in-sector portfolio of large-scale, low-cost longwall mines, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines, along with one of the world's largest and most productive surface mines, Black Thunder. The company plays an essential role in meeting the world's growing need for steel, infrastructure, and energy, while simultaneously serving the resurgent requirements of the U.S. power generation fleet. Core has an extensive and strategic logistical network – anchored by ownership positions in two East Coast marine export terminals – that provides reliable and efficient access to seaborne coal markets. The company's deeply ingrained culture is grounded in safety and compliance, continuous improvement, and financial performance, with an emphasis on stakeholder engagement and stockholder returns. Core was created in January 2025 via the merger of long-time industry leaders CONSOL Energy and Arch Resources and is based in Canonsburg, Pennsylvania.    



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Original: Ted Doheny and Ron Keating Elected to Core Natural Resources' Board of Directors

Core Natural Resources to Announce First Quarter 2026 Results on May 7April 23, 2026 8:00 AM
PR Newswire (US)

CANONSBURG, Pa., April 23, 2026 /PRNewswire/ -- Core Natural Resources, Inc. (NYSE: CNR) will discuss its first quarter 2026 financial results on an investor conference call on Thursday, May 7, 2026, at 10:00 a.m. Eastern time.







Interested participants may access the conference call by dialing 800-836-8184 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 646-357-8785. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Core website at http://investors.corenaturalresources.com. Following the live event, a replay will be available on the website.Core's first quarter 2026 earnings release will be distributed via PR Newswire before the market opens on May 7 and will be posted to the company's website at that time.About Core Core Natural Resources, Inc. (NYSE: CNR) is a world-class producer of high-quality metallurgical and high calorific value thermal coals for the global marketplace. Core's highly skilled workforce operates a best-in-sector portfolio of large-scale, low-cost longwall mines, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines, along with one of the world's largest and most productive surface mines, Black Thunder. The company plays an essential role in meeting the world's growing need for steel, infrastructure, and energy, while simultaneously serving the resurgent requirements of the U.S. power generation fleet. Core has an extensive and strategic logistical network – anchored by ownership positions in two East Coast marine export terminals – that provides reliable and efficient access to seaborne markets. The company's deeply ingrained culture is grounded in safety and compliance, continuous improvement, and financial performance, with an emphasis on stakeholder engagement and shareholder returns. Core was created in January 2025 via the merger of long-time industry leaders CONSOL Energy and Arch Resources and is based in Canonsburg, Pennsylvania.



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Original: Core Natural Resources to Announce First Quarter 2026 Results on May 7

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David Einhorn's Greenlight Capital has already made Consol Energy (NYSE:CNX) one of its largest positions, and now it has a 47% stake in CNX Coal Resources (NYSE:CNXC), the MLP spin-off of Consol's coal assets.

CNX Coal Resources (Pending:CNXC), the MLP formed by Consol Energy (NYSE:CNX) to operate its Pennsylvania coal mines, is off to a bumpy start after pricing its 8M common units IPO at $15 per unit, below the previously expected offering size of 10M units and range of $19-$21.