Why These Energy Stocks are Gaining This Week

2. NACCO Industries, Inc. (NYSE:NC)

Share Price Gains Between Nov 7 – Nov 14: 16.84%

NACCO Industries, Inc. (NYSE:NC), along with its subsidiaries, is engaged in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management.

NACCO Industries, Inc. (NYSE:NC) reported its Q3 results on November 5, with the company’s revenue growing by 24% YoY to $76.6 million, helped by its contract mining and minerals divisions. EBITDA for the quarter also increased by over 34% YOY to $12.5 million, driven by improvements in all segments and higher natural gas prices. However, NACCO’s net income slid 15% YoY to $13.3 million, but mostly because 2024 got a special boost from a big insurance payout.

NACCO Industries, Inc. (NYSE:NC) continues to strengthen its balance sheet, with total debt outstanding of $80.2 million as of September 30, down from $95.5 million as of June 30 and $99.5 million as of December 31, 2024. The company also outlined a long-term target of $150 million of annual EBITDA in the next 5 to 7 years.

Following the recent uptick, the share price of NACCO Industries, Inc. (NYSE:NC) has gained by over 72% since the beginning of 2025.