Core Natural Resources (CNR) AI Stock Analysis

• Market Cap: $3.59B
• Dividend Yield: 0.29%
• Average Volume (3M): 832.04K
• Price to Earnings (P/E): 31.9
• Beta (1Y): 1.07
• Revenue Growth: 45.25%
• EPS Growth: -83.80%
• Country: US
• Employees: 2,076
• Sector: Energy
• Sector Strength: 49
• Industry: Coal
• EPS (TTM): -0.70
• Shares Outstanding: 51,471,520
• 10 Day Avg. Volume: 812,663
• 30 Day Avg. Volume: 832,038
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 1.40
• Enterprise Value/Gross Profit: 3.04
• Enterprise Value/Ebitda: 8.59
• 1Y Price Target: $94.75
• Price Target Upside: 35.84% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 47 Neutral
• Price Target: $74.00 ▲(6.09% Upside)

Core Natural Resources' overall stock score reflects significant financial challenges, including high leverage and declining profitability. While the earnings call highlighted positive cash generation and shareholder returns, the net loss and operational issues at Leer South are concerning. The technical analysis and valuation suggest some medium-term support but indicate potential overvaluation.

Positive Factors

Earnings

Core Natural Resources reported 2Q adjusted EBITDA of $144M, beating both the $124M consensus and the $123M forecast despite the inclusion of $21M in Leer South idling costs.

Financial Performance

CNR reported revenue of $1.1B exceeding the $1.0B assumption as shipments in every segment were better than expected.

Negative Factors

Market Challenges

Met coal markets remain challenged as they face headwinds from tariff uncertainty, weak steelmaker sentiment, and tepid demand.

Metallurgical Segment

Despite improvements, the Metallurgical segment's EBITDA remains negative due to low realized prices.

Core Natural Resources Business Overview & Revenue Model

Company Description

Core Natural Resources (CNR) is a leading company in the natural resources sector, specializing in the exploration, extraction, and distribution of minerals and energy products. With a focus on sustainability and innovative practices, CNR operates across various segments including mining, oil and gas, and renewable energy solutions. The company is committed to delivering high-quality resources while minimizing environmental impact, catering to a diverse clientele that includes industrial manufacturers, energy providers, and governmental agencies.

How the Company Makes Money

CNR generates revenue primarily through the sale of extracted natural resources such as minerals, oil, and gas. The company operates on a multi-faceted revenue model that includes direct sales to customers, long-term contracts, and partnerships with other entities in the energy sector. Key revenue streams include the sale of crude oil and natural gas, mineral rights leasing, and royalties from extraction operations. Additionally, CNR has established strategic alliances with various organizations to enhance operational efficiency and expand its market reach, which further contributes to its earnings. The company also invests in renewable energy projects, creating additional income opportunities through government incentives and green energy credits.

Core Natural Resources Financial Statement Overview

Summary

Core Natural Resources faces significant financial challenges. Despite strong revenue growth, the company has a negative net income and declining profitability margins. The balance sheet shows high leverage and low equity ratio, indicating financial instability. Cash flow management is also problematic, with a sharp decline in free cash flow growth.

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	2.57B	2.15B	2.51B	2.28B	1.26B	879.46M
Gross Profit	1.18B	1.65B	1.97B	1.87B	932.63M	628.71M
EBITDA	418.17M	576.37M	1.05B	847.96M	323.33M	262.70M
Net Income	89.90M	286.40M	655.89M	466.98M	34.11M	-9.76M
Balance Sheet
Total Assets	6.68B	2.88B	2.68B	2.70B	2.57B	2.52B
Cash, Cash Equivalents and Short-Term Investments	171.33M	460.23M	281.30M	273.07M	149.91M	50.85M
Total Debt	5.29B	213.74M	212.33M	404.18M	673.94M	712.80M
Total Liabilities	6.65B	1.31B	1.33B	1.54B	1.90B	1.97B
Stockholders Equity	35.04M	1.57B	1.34B	1.17B	672.81M	553.52M
Cash Flow
Free Cash Flow	176.49M	298.40M	690.16M	479.48M	172.82M	43.33M
Operating Cash Flow	260.07M	476.39M	857.95M	650.99M	305.57M	129.33M
Investing Cash Flow	-169.75M	-165.03M	-259.43M	-142.18M	-127.36M	-76.33M
Financing Cash Flow	-114.76M	-107.08M	-682.20M	-380.07M	-30.85M	-82.44M

Core Natural Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 69.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 69.75 is below the 20-day moving average (MA) of 74.23, below the 50-day MA of 73.36, and below the 200-day MA of 85.46, indicating a bearish trend. The MACD of -1.08 indicates Positive momentum. The RSI at 40.10 is Neutral, neither overbought nor oversold. The STOCH value of 4.16 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
NRP	73 Outperform	$1.35B	9.67	28.59%	4.07%	-20.92%	-26.59%
ARLP	72 Outperform	$3.01B	12.87	12.59%	11.75%	-8.59%	-55.01%
BTU	67 Neutral	$2.01B	16.12	3.87%	1.88%	-5.83%	-73.88%
HCC	66 Neutral	$3.04B	75.16	1.95%	0.55%	-27.62%	-90.48%
AMR	57 Neutral	$1.79B	64.14	-2.29%	0.36%	-29.63%	-108.26%
Sector *	54 Neutral	C$4.15B	0.97	16.40%	5.23%	10.45%	-57.37%
CNR	47 Neutral	$3.59B	31.87	0.79%	0.29%	45.25%	-83.80%

Core Natural Resources Corporate Events

Core Natural Resources Reports Q2 2025 Net Loss

Core Natural Resources reported a net loss of $36.6 million for the second quarter of 2025, despite generating significant free cash flow and increasing liquidity. The company returned $87.1 million to stockholders through share buybacks and dividends, and increased its annual synergy target to between $150 million and $170 million. The company faced challenges with the Leer South longwall production due to combustion-related issues but expects insurance recoveries to exceed $100 million. Core remains committed to its capital return program and anticipates strong performances from its thermal and Powder River Basin segments.

The most recent analyst rating on (CNR) stock is a Hold with a $93.00 price target. To see the full list of analyst forecasts on Core Natural Resources stock, see the CNR Stock Forecast page.

Core Natural Resources Amends Financing Agreements with PNC Bank

On July 28, 2025, Core Natural Resources, Inc. and its subsidiaries entered into several amended and restated agreements, including a Receivables Financing Agreement, with PNC Bank and other parties. These agreements, which replace previous versions, establish a borrowing capacity of $250 million with a maturity date of July 27, 2028, and involve the sale and contribution of trade receivables to support the issuance of letters of credit and loans.

The most recent analyst rating on (CNR) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Core Natural Resources stock, see the CNR Stock Forecast page.

Core Natural Resources Updates on Leer South Mine Operations

On June 30, 2025, Core Natural Resources announced updates on efforts to resume longwall operations at its Leer South mine following a combustion-related event in January. The company re-entered the mine on June 10, re-established ventilation, and inspected equipment, finding it largely unaffected. However, elevated carbon monoxide levels led to a temporary reseal on June 26. Core is working with officials to reposition and restart the longwall system within four months, maintaining its 2025 coking coal sales volume guidance. The company expects insurance recoveries exceeding $100 million, despite the delayed restart.

The most recent analyst rating on (CNR) stock is a Buy with a $109.00 price target. To see the full list of analyst forecasts on Core Natural Resources stock, see the CNR Stock Forecast page.