NACCO swings to Q2 loss on solar impairment charge
NC•Outlook for 2026
The company expects full-year 2026 Consolidated Adjusted EBITDA to improve year over year, excluding charges.
- Second-half 2026 operating profit and net income are expected to decline from the first half and from 2025
- Contract Mining segment anticipates substantial year-over-year growth in operating profit and Segment Adjusted EBITDA for 2026
Key drivers of the quarter
- Solar impairment - $12 million impairment charges on solar development projects within ReGen Resources offset operating gains
- Contract Mining growth - A new dragline services contract and higher demand at limestone operations drove revenue and profit increases
- Minerals & Royalties - Higher oil prices and favorable pricing adjustments boosted royalty revenues, though equity investment earnings declined
Reported financial details
| Metric | Actual |
|---|---|
| Q2 loss per share | $0.13 |
| Q2 net loss | $963,000 |
| Q2 adjusted EBITDA | $15.91 million |
| Q2 operating income | -$2.27 million |
