Core Natural Resources (CNR) AI Stock Analysis

• Market Cap: $3.98B
• Dividend Yield: 0.39%
• Average Volume (3M): 961.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 64.05%
• EPS Growth: -103.03%
• Country: US
• Employees: 2,076
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): 0.61
• Shares Outstanding: 51,239,470
• 10 Day Avg. Volume: 848,567
• 30 Day Avg. Volume: 961,051
• PEG Ratio: -0.21
• Price to Book (P/B): 2.02
• Price to Sales (P/S): 1.47
• P/FCF Ratio: 10.61
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 1.15
• Enterprise Value/Gross Profit: 8.37
• Enterprise Value/Ebitda: 9.56
• 1Y Price Target: $122.50
• Price Target Upside: 57.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): -1.44
• Revenue Forecast (FY): $4.19B

• Rating: 42 Neutral
• Price Target: $76.00 ▼(-2.21% Downside)

Core Natural Resources' overall stock score is primarily impacted by its financial instability, including negative equity and profitability issues. Technical indicators suggest bearish momentum, and valuation metrics are weak due to a negative P/E ratio. While the earnings call provided some positive insights, operational challenges and cost increases remain significant concerns.

Positive Factors

Revenue Growth

Strong revenue growth suggests expanding market presence and demand for CNR's products, supporting long-term business sustainability.

Rare Earth Elements Discovery

Discovery of rare earth elements could provide new revenue streams and competitive advantages, enhancing future growth prospects.

Contracting Progress

Securing forward contracts ensures revenue visibility and stability, reducing market volatility impact and supporting long-term planning.

Negative Factors

High Leverage

High leverage can strain financial flexibility and increase risk, potentially impacting CNR's ability to invest in growth opportunities.

Operational Challenges

Operational delays at key sites can disrupt production schedules and revenue, affecting short- and long-term operational efficiency.

Profitability Issues

Persistent profitability challenges can hinder reinvestment and growth, impacting CNR's ability to compete effectively in the market.

Core Natural Resources Business Overview & Revenue Model

Company Description

Core Natural Resources, Inc., together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant. Its CONSOL Marine Terminal segment provides coal export terminal services through the Port of Baltimore. The company also develops and operates the Itmann Mining Complex located in Wyoming County, West Virginia; and Greenfield Reserves and Resources located in the Northern Appalachian, Central Appalachian, and Illinois basins. The company was formerly known as CONSOL Energy Inc. and changed its name to Core Natural Resources, Inc. in January 2025. Core Natural Resources, Inc. was founded in 1864 and is headquartered in Canonsburg, Pennsylvania.

How the Company Makes Money

Core Natural Resources generates revenue through multiple channels, primarily by selling extracted natural resources to various industries, including construction, manufacturing, and energy production. The company profits from the sale of minerals and fossil fuels, which are essential commodities in the global market. Additionally, CNR has established strategic partnerships with energy companies and industrial manufacturers, allowing for bulk sales agreements and long-term contracts that stabilize revenue streams. CNR also earns income through consulting services that advise clients on sustainable practices and resource management, further diversifying its revenue model.

Core Natural Resources Financial Statement Overview

Summary

Core Natural Resources faces significant financial challenges. Despite strong revenue growth, the company struggles with profitability and cash flow issues. High leverage and declining return on equity indicate financial instability, and negative net income is a major concern.

Income Statement

Core Natural Resources shows a mixed performance in its income statement. The TTM data indicates a significant revenue growth rate of 35.86%, which is a positive sign. However, the company is currently experiencing a negative net income, resulting in a negative net profit margin. The gross profit margin has decreased compared to previous periods, indicating potential cost management issues. The EBIT and EBITDA margins are also lower than in previous years, reflecting reduced operational efficiency.

Balance Sheet

The balance sheet reveals a concerning financial structure with a high debt-to-equity ratio, indicating significant leverage. The return on equity has drastically decreased in the TTM period, suggesting reduced profitability for shareholders. The equity ratio is low, highlighting potential financial instability. These factors suggest a need for improved capital management and risk mitigation strategies.

Cash Flow

Cash flow analysis shows a sharp decline in free cash flow growth, with a negative growth rate of -97.71% in the TTM period. The operating cash flow to net income ratio is relatively low, indicating potential cash flow issues. However, the free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net income. Overall, cash flow management appears to be a challenge for the company.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.69B	2.15B	2.51B	2.28B	1.26B	879.46M
Gross Profit	506.44M	1.65B	1.97B	1.87B	932.63M	628.71M
EBITDA	443.30M	576.37M	1.05B	847.96M	323.33M	262.70M
Net Income	-43.41M	286.40M	655.89M	466.98M	34.11M	-9.76M
Balance Sheet
Total Assets	6.54B	2.88B	2.68B	2.70B	2.57B	2.52B
Cash, Cash Equivalents and Short-Term Investments	181.94M	460.23M	281.30M	273.07M	149.91M	50.85M
Total Debt	5.53B	213.74M	212.33M	404.18M	673.94M	712.80M
Total Liabilities	6.86B	1.31B	1.33B	1.54B	1.90B	1.97B
Stockholders Equity	-327.23M	1.57B	1.34B	1.17B	672.81M	553.52M
Cash Flow
Free Cash Flow	75.61M	298.40M	690.16M	479.48M	172.82M	43.33M
Operating Cash Flow	319.75M	476.39M	857.95M	650.99M	305.57M	129.33M
Investing Cash Flow	101.27M	-165.03M	-259.43M	-142.18M	-127.36M	-76.33M
Financing Cash Flow	-179.06M	-107.08M	-682.20M	-380.07M	-30.85M	-82.44M

Core Natural Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 77.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNR, the sentiment is Negative. The current price of 77.72 is below the 20-day moving average (MA) of 81.43, below the 50-day MA of 84.34, and above the 200-day MA of 75.90, indicating a neutral trend. The MACD of -1.59 indicates Positive momentum. The RSI at 41.62 is Neutral, neither overbought nor oversold. The STOCH value of 6.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNR.

Core Natural Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARLP	72 Outperform	$3.03B	12.46	13.07%	11.03%	-9.45%	-46.37%
HCC	69 Neutral	$3.95B	112.43	1.67%	0.43%	-23.25%	-90.78%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
AMR	57 Neutral	$2.02B	―	-2.87%	―	-32.53%	-112.77%
BTU	53 Neutral	$3.21B	―	-0.87%	1.14%	-7.21%	-106.39%
METC	48 Neutral	$1.02B	-27.70	-7.40%	2.96%	-16.99%	-184.02%
CNR	42 Neutral	$3.98B	―	-1.64%	0.39%	64.05%	-103.03%

Core Natural Resources Corporate Events

Consol Energy’s Earnings Call: Balancing Achievements and Challenges

The recent earnings call for Consol Energy highlighted a balanced mix of achievements and challenges. The company showcased its strong cash flow management and commitment to shareholder returns, but also faced operational setbacks and increased costs in certain segments. The discovery of rare earth elements offers a promising outlook, yet immediate challenges such as operational delays at Leer South and elevated costs remain pressing issues.

Core Natural Resources Reports Strong Q3 2025 Results

Core Natural Resources, Inc., a prominent player in the coal industry, specializes in producing high-quality metallurgical and thermal coals for global markets, with operations spanning several large-scale, low-cost mines. The company has reported its third-quarter 2025 earnings, highlighting a net income of $31.6 million and revenues totaling $1,002.5 million. Core also generated $87.9 million in net cash from operating activities and $38.9 million in free cash flow during the quarter.

Core Natural Resources Reports Strong Q3 2025 Earnings

In the third quarter of 2025, Core Natural Resources reported a net income of $31.6 million and adjusted EBITDA of $141.2 million, despite challenges such as the Leer South fire. The company increased its liquidity and returned $24.6 million to stockholders through share buybacks and dividends. Core is transitioning to a more advantageous reserve area at the West Elk mine and has locked in significant sales commitments for 2026. The company is also exploring potential opportunities in rare earth elements and critical minerals, with plans for an expanded drilling program.

The most recent analyst rating on (CNR) stock is a Buy with a $158.00 price target. To see the full list of analyst forecasts on Core Natural Resources stock, see the CNR Stock Forecast page.

Core Natural Resources Appoints James Brock as CEO

On October 6, 2025, Core Natural Resources appointed James A. Brock as its new CEO, succeeding Paul A. Lang, who will transition to a consultant role until the end of the year. This leadership change is part of Core’s strategic focus on innovation and growth, with Brock emphasizing operational excellence and industry-leading stockholder returns. Brock, who has been with the company since its formation through a merger in January 2025, brings over 40 years of industry experience and aims to leverage Core’s world-class operating portfolio and strategic logistical network for future success.

The most recent analyst rating on (CNR) stock is a Buy with a $89.00 price target. To see the full list of analyst forecasts on Core Natural Resources stock, see the CNR Stock Forecast page.