The stock may react positively to the strong operating profit growth and optimistic 2026 outlook, but investors should monitor the impact of the pension settlement charge and the decline in full-year net income. The company's guidance for 2026 improvements could be a key driver for the stock.
Price Chart
Executive Summary
NACCO Industries reported a net loss of $3.8 million in Q4 2025 due to a $7.8 million pension settlement charge, despite a 95% increase in operating profit to $7.6 million. Full-year net income declined to $17.6 million from $33.7 million in 2024. The company expects meaningful year-over-year improvements in 2026, driven by its Utility Coal and Contract Mining segments.
Key Financial Metrics
Key Facts
- Q4 2025 net loss of $3.8 million vs. net income of $7.6 million in Q4 2024, primarily due to a $7.8 million pension settlement charge
- Q4 operating profit increased 95% YoY to $7.6 million
- Full-year net income declined to $17.6 million from $33.7 million in 2024
- Adjusted EBITDA for full year 2025 was $48.9 million, down from $59.4 million in 2024
- Company expects meaningful year-over-year improvements in consolidated operating profit, net income, and EBITDA in 2026
Financial Impact
Net income declined by $16.1 million YoY, while operating profit increased by $3.7 million in Q4
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Utility Coal Mining | $88.2M | +28.4% |
| Contract Mining | $140.0M | +17.0% |
| Minerals and Royalties | $37.6M | +8.9% |
Risk Factors
- Decline in full-year net income and adjusted EBITDA
- Potential delays in the customer's power plant maintenance outage affecting 2026 expectations
- Commodity price forecasts and development assumptions expected to result in an overall year-over-year decrease in Minerals and Royalties' operating profit
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000789933-26-000071 |
| Document: nacco-20260304.htm | 0000789933-26-000071 |
| Document: 0000789933-26-000071-index-headers.html | 0000789933-26-000071 |
| Document: 0000789933-26-000071-index.html | 0000789933-26-000071 |
| Document: 0000789933-26-000071.txt | 0000789933-26-000071 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 8w ago | 8-K | $42.79 $37.19 | ▼ −13.09% | ▼ −12.90% | $34.12 (−20.26%) |
Aug 20, 2026 9w ago | Press Release | $41.14 $36.91 | ▼ −10.28% | ▼ −10.28% | $34.12 (−17.06%) |
Aug 19, 2026 9w ago | 8-K | $41.14 $36.91 | ▼ −10.28% | ▼ −10.28% | $34.12 (−17.06%) |
Aug 19, 2026 9w ago | 8-K | $41.78 $37.47 | ▼ −10.32% | ▼ −8.36% | $34.12 (−18.33%) |
May 5, 2026 24w ago | 8-K | $50.74 $50.91 | ▲ +0.34% | ▼ −2.45% | $34.12 (−32.76%) |
Mar 9, 2026 33w ago | Insider Cluster | $50.15 $50.91 | ▲ +1.52% | ▲ +1.69% | $34.12 (−31.96%) |
Mar 9, 2026 33w ago | Insider Cluster | $50.15 $50.91 | ▲ +1.52% | ▲ +1.69% | $34.12 (−31.96%) |
Mar 4, 2026 33w ago | 8-K | $50.68 $51.00 | ▲ +0.63% | ▲ +4.42% | $34.12 (−32.68%) |
US Market Status
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