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NACCO Posts Q2 2026 Net Loss on $12M Solar Asset Impairments

NACCO Industries logoNACCO Industries
Sig2.45Sen-1.35Env0.00Soc0.00Gov0.00

NACCO Industries reported a Q2 2026 net loss of $1 million, mainly from $12 million in impairment charges on solar assets, despite gross profit rising to $15.2 million on 6% higher revenue. Adjusted EBITDA increased 72% year over year on strong coal mining, contract mining, and minerals results. The company expects second-half operating results to moderate from possible additional solar costs and inventory write-downs, but remains confident in long-term growth from new contracts and disciplined capital investments.

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