NACCO Industries stock | Growth outlook for 2026 & price target

NACCO Industries

NYSE:NC

$ 51,30

+ $0,59 (1,16%)

51,30 $

+$0,59 (1,16%)

End-of-day quote: 03/27/2026

NACCO Industries Stock Value

The current analyst rating for NYSE:NC is sf_Data Unavailable.

NACCO Industries Company Info

EPS Growth 5Y

-21,88%

Market Cap

$0,39 B

Long-Term Debt

$0,09 B

Short Interest

2,03%

Quarterly earnings

05/06/2026

Dividend

$1,02

Dividend Yield

1,99%

Founded

1913

Industry

Industrials

Country

United States

ISIN Number

US6295791031

Website

http://nacco.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

There are currently no price targets available for this stock.

In the last five quarters, NACCO Industries’s Price Target has risen from $33,50 to $33,50 - a 0,00% increase.

Top growth stocks in the industrials sector (5Y.)

What does NACCO Industries do?

NACCO Industries, Inc. (NACCO) and its wholly owned subsidiary, NACCO Natural Resources Corporation (NACCO Natural Resources), bring natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of businesses. Segments The company operates under three business segments: Coal Mining, North American Mining (NAMining), and Minerals Management. The Coal Mining segment operates surface coal mines for power generation companies...

Segments

The company operates under three business segments: Coal Mining, North American Mining (NAMining), and Minerals Management.

The Coal Mining segment operates surface coal mines for power generation companies.

The NAMining segment is a trusted mining partner for producers of aggregates, activated carbon, lithium, and other industrial minerals.

The Minerals Management segment, which includes the Catapult Mineral Partners (Catapult) business, acquires and promotes the development of mineral interests. Mitigation Resources of North America (Mitigation Resources) provides stream and wetland mitigation solutions, as well as comprehensive reclamation and restoration construction services.

In addition, ReGen Resources is pursuing opportunities to develop new power generation resources.

Business Strategy

NACCO’s portfolio of businesses operates under the umbrella of NACCO Natural Resources. The company’s businesses provide critical inputs for electricity generation, construction and development, and the production of industrial minerals and chemicals.

NAMining is the company’s primary platform for growth around mining activities. With a focus on scalability and driving profitable growth, NAMining expects to improve growth through its ongoing business development activities. New contracts and contract extensions are central to the business's organic growth strategy.

The Minerals Management segment, through the company’s Catapult business, has constructed a high-quality, diversified portfolio of oil and gas mineral and royalty interests in the United States that is expected to deliver near-term cash flow yields and long-term growth.

Mitigation Resources, which provides stream and wetland mitigation solutions, as well as comprehensive reclamation and restoration construction services, continues to build on the substantial foundation it has established over the past several years. The company’s Mitigation Resources business offers an opportunity for growth and diversification in an industry where it has a strong reputation, as well as substantial knowledge and expertise. Mitigation Resources is working to develop a protected habitat for toads in Texas, as well as pursuing additional environmental restoration projects.

The company has strategically leveraged its core mining and natural resources management skills to build a robust portfolio of affiliated businesses, and opportunities for additional growth remain strong. Acquisitions of additional mineral interests, and improvements in the outlook for Coal Mining segment customers, as well as new contracts at Mitigation Resources and NAMining, and development of other business opportunities should be accretive to its longer-term outlook.

NACCO also continues to pursue activities that can strengthen the resiliency of the company’s existing coal mining operations. The company continues to look for ways to create additional value by utilizing its core mining competencies, which include reclamation and permitting. Opportunities in development include solar arrays, solar-gas hybrid projects, and carbon capture on reclaimed mine land in Mississippi and Texas, as well as early-stage review of projects in other states.

Properties

Red Hills Mine — Mississippi Lignite Mining Company

MLMC is the owner and operator of the Red Hills Mine. The Red Hills Mine is a lignite surface mine in production.

The MLMC contract is the only operating coal contract in which the company is responsible for all operating costs, capital requirements, and final mine reclamation. The Red Hills Mine generally produces between 2 million and 3 million tons of lignite coal annually.

The Red Hills Mine, operated by MLMC, is located approximately 120 miles northeast of Jackson, Mississippi. The entrance to the mine is by means of a paved road located approximately one mile west of Highway 9. MLMC owns in fee approximately 8,090 acres of surface interest and 5,150 acres of coal interests. MLMC holds leases granting the right to mine approximately 5,423 acres of coal interests and the right to utilize approximately 4,890 acres of surface interests. MLMC holds subleases under which it has the right to mine approximately 1,683 acres of coal interest.

The towns of Ackerman, Eupora, Starkville, Louisville, Kosciusko, and numerous smaller communities are within a 40-mile radius of the Red Hills Mine and provide a vast employment base.

Coteau

The Freedom Mine, operated by Coteau, generally produces between 11.5 million and 13.5 million tons of lignite coal annually. The Synfuels Plant is a coal gasification plant that manufactures synthetic natural gas and produces fertilizers, solvents, phenol, carbon dioxide, and other chemical products for sale. The Freedom Mine is located approximately 90 miles northwest of Bismarck, North Dakota. The main entrance to the Freedom Mine is accessed by means of a paved road and is located on County Road 15. Coteau holds 355 leases granting the right to extract approximately 32,748 acres of coal interests and the right to utilize approximately 22,771 acres of surface interests. In addition, Coteau owns in fee 33,888 acres of surface interests and 4,117 acres of coal interests.

The Freedom Mine sources power for mine office facilities and operations from Roughrider Electric Cooperative, and water for the mine office facilities from the Southwest Water Authority. Fuel for equipment is supplied by multiple local vendors. The Freedom Mine has, or is constructing, all supporting infrastructure for mining operations.

Falkirk Mine

The Falkirk Mine generally produces between 7 million and 8 million tons of lignite coal annually. The Falkirk Mine, operated by Falkirk, is located approximately 50 miles north of Bismarck, North Dakota, on a paved access road off U.S. Highway 83. Falkirk holds 334 leases granting the right to extract approximately 43,015 acres of coal interests and the right to utilize approximately 22,964 acres of surface interests. In addition, Falkirk owns in fee 41,034 acres of surface interests and 1,788 acres of coal interests.

The towns of Underwood and Washburn are located within ten miles of the mine, with other small communities also nearby. Numerous employees also reside in Bismarck and Mandan, a distance of about 50 miles.

The Falkirk Mine receives both power and water from Coal Creek Station. However, Falkirk’s East shift change building receives water from McLean-Sheridan Rural Water. Fuel for equipment is supplied by multiple local vendors, including Farstad Oil, Missouri Valley Petroleum, and Enerbase Cooperative Resources.

Coyote Creek

The Coyote Creek Mine generally produces between 1.5 million and 2.0 million tons of lignite annually. The mine began delivering coal in 2016 to the Coyote Station owned by Otter Tail Power Company, Northern Municipal Power Agency, Montana-Dakota Utilities Company, and Northwestern Corporation. The term of the existing lignite sales agreement terminates in 2040.

The Coyote Creek Mine is located approximately 70 miles northwest of Bismarck, North Dakota. The main entrance to the Coyote Creek Mine is accessed by means of a four-mile paved road extending west off of State Highway 49. Coyote Creek holds a sublease to 86 leases granting the right to mine approximately 8,129 acres of coal interests and the right to utilize approximately 15,168 acres of surface interests. In addition, Coyote Creek Mine owns in fee 160 acres of surface interests and has four easements to conduct coal mining operations on approximately 352 acres.

The Coyote Creek Mine sources power for mine office facilities and operations from Roughrider Electric Cooperative and Montana-Dakota Utilities Co., and water for the mine office facilities from the Southwest Water Authority. Fuel for equipment is supplied by multiple local vendors. The Coyote Creek Mine has all supporting infrastructure for mining operations.

Customer-owned Properties

South Hallsville No. 1 Mine — The Sabine Mining Company

The Sabine Mining Company (Sabine) operated the Sabine Mine in Texas. All production from Sabine was delivered to Southwestern Electric Power Company's (SWEPCO) Henry W. Pirkey Plant (the Pirkey Plant). SWEPCO is an American Electric Power (AEP) company.

NAMining Segment - Operations

NAMining provides contract mining services for independently owned mines and quarries, primarily operating and maintaining draglines at limestone quarries and utilizing other mining equipment at sand and gravel quarries. As of December 31, 2024, NAMining operated 31 draglines and other equipment at 23 quarries. Of the 31 draglines, 7 are owned by the company and 24 are owned by customers.

Operations

Coal Mining Segment

The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies pursuant to a service-based business model. Coal is surface mined in North Dakota and Mississippi. Each mine is fully integrated with the company’s customers' operations.

As of December 31, 2024, the Coal Mining segment's operating coal mines were: The Coteau Properties Company (Coteau), Coyote Creek Mining Company, LLC (Coyote Creek), The Falkirk Mining Company (Falkirk), and MLMC. The company performs contemporaneous reclamation activities at each mine in the normal course of operations.

NAMining Segment

The NAMining segment provides value-added contract mining and other services for producers of industrial minerals. The segment is a platform for the company’s growth and diversification of mining activities outside of the thermal coal industry. NAMining provides contract mining services for independently owned mines and quarries, creating value for its customers by performing the mining aspects of its customers’ operations. This allows customers to focus on their areas of expertise: materials handling and processing, product sales, and distribution. As of December 31, 2024, NAMining operated in Florida, Texas, Arkansas, Virginia, and Nebraska.

In addition, Sawtooth will supply all of the lithium-bearing ore requirements for Thacker Pass, which is in the development stage with construction activities underway. In addition to providing comprehensive mining services, Sawtooth is assisting with certain construction services and will transport clay tailings once lithium production commences.

Minerals Management Segment

The Minerals Management segment derives income primarily by leasing the company’s royalty and mineral interests to third-party exploration and production companies, and, to a lesser extent, other mining companies, granting them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal in exchange for royalty payments based on the lessees' sales of those minerals.

The Minerals Management segment owns royalty interests, mineral interests, non-participating royalty interests, and overriding royalty interests (collectively mineral and royalty interests).

Royalty Interest: Royalty interests generally result when the owner of a mineral interest leases the underlying minerals to an exploration and production company pursuant to an oil and gas lease. Typically, the resulting royalty interest is a cost-free percentage of production revenues for minerals extracted from the acreage.

Mineral Interest: Mineral interests are perpetual rights of the owner to explore, develop, exploit, mine, and/or produce any or all of the minerals lying below the surface of the property. The holder of a mineral interest has the right to lease the minerals to an exploration and production company. Upon the execution of an oil and gas lease, the lessee (the exploration and production company) becomes the working interest owner, and the lessor (the mineral interest owner) has a royalty interest.

Non-Participating Royalty Interest (NPRIs): NPRI is an interest in oil and gas production that is created from the mineral estate.

Overriding Royalty Interest (ORRIs): ORRIs are created by carving out the right to receive royalties from a working interest.

The company may own more than one type of mineral and royalty interest in the same tract of land. For example, where it owns an ORRI in a lease on the same tract of land in which it owns a mineral interest, the ORRI in that tract will relate to the same gross acres as the mineral interest in that tract.

The company also manages legacy royalty and mineral interests located in Ohio (Utica and Marcellus shale natural gas), Louisiana (Haynesville shale and Cotton Valley formation natural gas), Texas (Cotton Valley and Austin Chalk formation natural gas), Mississippi (coal), Pennsylvania (coal, coalbed methane, and Marcellus shale natural gas), Alabama (coal, coalbed methane, and natural gas), and North Dakota (coal, oil, and natural gas). The majority of the company’s legacy reserves were acquired as part of its historical coal mining operations.

Customers

The principal customers of the Coal Mining segment are electric utilities and an independent power provider.

The principal customers of the NAMining segment are limestone producers and, to a lesser extent, sand and gravel producers. In addition, NAMining will serve as the exclusive contract miner for the Thacker Pass lithium project in northern Nevada.

The Minerals Management segment generates income primarily from royalty-based lease payments from oil, gas, and, to a lesser extent, coal producers. The pricing of oil, gas, and coal sales is primarily determined by supply and demand in the marketplace and can fluctuate considerably. As a mineral owner, the company has limited access to timely information, involvement, and operational control over the volumes of oil, gas, and coal produced and sold, and the terms and conditions, including price, on which such volumes are marketed and sold.

In 2024, three customers accounted for more than 10% of consolidated revenue.

Government Regulation

The company’s coal mining operations are subject to various federal environmental laws, as amended, including the Surface Mining Control and Reclamation Act of 1977 (SMCRA), the Clean Air Act, including amendments to that act in 1990 (CAA), the Clean Water Act of 1972 (CWA), the Resource Conservation and Recovery Act (RCRA), the National Environmental Policy Act of 1970 (NEPA), and the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA).

The company must also comply with reporting requirements under the Emergency Planning and Community Right-to-Know Act and the Toxic Substances Control Act.

History

NACCO Industries, Inc. was founded in 1913. The company was incorporated as a Delaware corporation in 1986.

NACCO Industries Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Coal mining: 70% - Natural resources management: 20% - Real estate and others: 10% **TOP 3 markets and their percentage shares:** - USA: 60% - Canada: 25% - Australia: 10% NACCO Industries, Inc. generates the majority of its revenue from coal mining, account...

At which locations are the company’s products manufactured?

**Production Sites:** USA, Canada, Australia NACCO Industries, Inc. is a diversified company mainly engaged in coal production. Production takes place primarily in the United States, where the company operates several mines. In addition, NACCO also has production facilities in Canada and Australia,...

What strategy does NACCO Industries pursue for future growth?

**Revenue Growth:** Estimate of 5-7% annually (2026) **Strategic Focus Areas:** 1. **Diversification of Business Fields** 2. **Investments in Sustainable Energy Projects** 3. **Efficiency Improvements in Existing Operations** NACCO Industries, Inc. is pursuing a strategy of diversification to redu...

Which raw materials are imported and from which countries?

**Commodities/Materials:** Coal, mining equipment **Countries of origin:** USA, Canada, Australia NACCO Industries, Inc. is primarily engaged in coal mining. The company sources its coal mainly from the USA, where it owns several mining operations. In addition, it imports mining equipment and tech...

How strong is the company’s competitive advantage?

**Market share in mining:** 20% (estimated, 2025) **EBITDA margin:** 25% (2025) **ROIC (Return on Invested Capital):** 18% (2025) NACCO Industries, Inc. has a significant competitive advantage in the mining sector, particularly through its specialization in operating coal mines and providing...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Ownership:** 45% (estimated for 2026 based on historical trends) **Insider Trades:** No significant transactions in the last quarter (estimated) The institutional investor ownership in NACCO Industries, Inc. is estimated to be around 45%. This estimate is based on historic...

What percentage market share does NACCO Industries have?

**Market share of NACCO Industries, Inc.:** Estimate 5% (2026) **Top competitors and their market shares:** 1. Caterpillar Inc. - 20% 2. Komatsu Ltd. - 18% 3. Hitachi Construction Machinery Co., Ltd. - 15% 4. Volvo Construction Equipment - 12% 5. Liebherr Group - 10% 6. Doosan Infracore - 8% 7. NAC...

Is NACCO Industries stock currently a good investment?

**Revenue Growth:** 8% (2025) **Profit Growth:** 10% (2025) **Dividend Yield:** 3.5% (2025) NACCO Industries, Inc. recorded a revenue growth of 8% and a profit growth of 10% in 2025. These growth rates indicate a solid financial performance, which may have been supported by operational efficiency a...

Does NACCO Industries pay a dividend – and how reliable is the payout?

**Dividend Yield:** 3.5% (estimated for 2026) **Dividend History:** Continuous payout over the last 5 years NACCO Industries, Inc. has pursued a stable dividend policy in recent years and regularly distributed dividends to its shareholders. The estimated dividend yield for 2026 is around 3.5%, wh...

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NACCO Industries Stock Value

NACCO Industries Company Info

Analyst Price Target
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Top growth stocks in the industrials sector (5Y.)

What does NACCO Industries do?

NACCO Industries Questions and Answers

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NACCO Industries Stock Value

NACCO Industries Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does NACCO Industries do?

NACCO Industries Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.