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NACCO Industries Inc

NACCO Industries, Inc. operates a natural resources business through three segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties. The Utility Coal Mining segment operates surface coal mines under long-term contracts for power plants and a synfuels plant in North Dakota and Mississippi. The Contract Mining segment provides contract mining and related services for industrial mineral producers, independently owned mines and quarries in Florida, Arkansas, and Nebraska, and dragline services. The Minerals and Royalties segment leases royalty and mineral interests to third-party exploration and production companies and other mining companies. The company also offers natural resource restoration and reclamation services, including stream and wetland mitigation. Founded in 1913, NACCO Industries is headquartered in Cleveland, Ohio.

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NACCO declares $0.2625 quarterly dividend

NACCO Industries declared a quarterly dividend of $0.2625 per share, in line with the previous payout. The dividend is payable September 15 to shareholders of record on August 31, with the ex-dividend date also August 31. Based on the current share price, the forward yield is 2.57%.
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NACCO Industries Q2 Revenue Rises 6% but Solar Impairments Drive Net Loss

NACCO Industries reported a 6% increase in second-quarter revenue to $72.3 million and a 72% jump in adjusted EBITDA to $15.9 million, but $12 million in solar-project impairment charges pushed the company to a net loss of $1 million, or $0.13 per diluted share. The impairments, tied to two ReGen Resources solar developments, followed a reassessment of project economics amid rising costs, grid-connection delays, and tax-law changes. President and CEO J.C. Butler said the company is evaluating asset sales and other measures to limit further costs, and expects full-year operating profit and net income to decline from 2025. Utility coal mining operating profit rose to $6.3 million, contract mining operating profit increased to $3.8 million, and minerals and royalties operating profit grew to $6.7 million. NACCO plans to prioritize free cash flow toward debt reduction and liquidity, with up to $35 million in investments planned for the remainder of 2026.
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