Core Natural Resources, Inc. (NYSE:CNR) Declares $0.10 Quarterly Dividend

Key Points

• Core Natural Resources declared a $0.10 quarterly dividend ( $0.40 annual), implying a 0.5% yield; shareholders of record on May 29 will be paid on June 12, and the company's very low payout ratio (~2.5%, projected ~7.1% next year) indicates the dividend is well covered by earnings.
• Q1 results showed an earnings beat but mixed fundamentals: Core reported $0.41 EPS vs. $0.13 expected and revenue of $899.5M (missed $1.06B), with revenue up 94.7% year-over-year but a negative net margin (-3.68%) and negative return on equity; analysts forecast about $1.70 EPS for the year.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be given a dividend of 0.10 per share by the energy company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th.

Core Natural Resources has a dividend payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $5.65 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.1%.

Core Natural Resources Price Performance

Core Natural Resources stock traded up $0.50 during midday trading on Thursday, reaching $88.27. 1,114,962 shares of the stock traded hands, compared to its average volume of 911,580. The stock has a market cap of $4.48 billion, a P/E ratio of -29.33 and a beta of 0.14. The stock's fifty day moving average is $94.79 and its 200-day moving average is $90.05. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. Core Natural Resources has a 12 month low of $63.36 and a 12 month high of $114.80.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.28. The business had revenue of $899.48 million for the quarter, compared to the consensus estimate of $1.06 billion. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company's revenue was up 94.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.39 EPS. As a group, equities research analysts anticipate that Core Natural Resources will post 1.7 EPS for the current year.

Core Natural Resources Company Profile

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

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