Core Natural Resources posts Q1 net loss of $69.3 million on $49.2 million merger costs
Core Natural Resources reported a first-quarter 2025 net loss of $69.3 million, or $1.38 per diluted share, on revenues of $1,017.4 million and adjusted EBITDA of $123.5 million. The loss included $49.2 million of merger-related expenses and an $11.7 million loss on debt extinguishment. The company repurchased $101.3 million of stock and raised its synergy target, while the Leer South longwall remains on track to resume operations mid-year.
Key points
- Net loss of $69.3 million, or $1.38 per diluted share, including $49.2 million of merger-related expenses and an $11.7 million loss on debt extinguishment
- Revenues of $1,017.4 million and adjusted EBITDA of $123.5 million for the first quarter
- Repurchased 1.4 million shares for $101.3 million at an average price of $73.52; quarterly dividend of $0.10 per share payable June 13, 2025 to holders of record May 30, 2025
- Merger synergy target raised 10 percent at the midpoint to $125 million to $150 million per year; 2025 guidance affirmed or enhanced
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.