Core Natural Resources (CNR) AI Stock Analysis

• Market Cap: $4.13B
• Dividend Yield: 0.37%
• Average Volume (3M): 977.28K
• Price to Earnings (P/E): 36.7
• Beta (1Y): 0.99
• Revenue Growth: 45.25%
• EPS Growth: -83.80%
• Country: US
• Employees: 2,076
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): -0.70
• Shares Outstanding: 51,471,520
• 10 Day Avg. Volume: 939,458
• 30 Day Avg. Volume: 977,281
• 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: 0.87
• Enterprise Value/Revenue: 1.62
• Enterprise Value/Gross Profit: 4.04
• Enterprise Value/Ebitda: 8.59
• 1Y Price Target: $111.83
• Price Target Upside: 39.21% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 49 Neutral
• Price Target: $80.00 ▼(-0.41% Downside)

Core Natural Resources faces significant financial challenges, with high leverage and declining profitability impacting its financial health. While the earnings call provided some positive insights, such as strong cash generation and increased synergy targets, these are offset by operational setbacks and market challenges. The technical analysis suggests potential bearish momentum, and the valuation indicates the stock may be overvalued. Overall, the stock score reflects these mixed factors, with financial performance being the most significant concern.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and effective sales strategies, which are crucial for long-term business sustainability.

Increased Synergy Targets

Higher synergy targets reflect improved operational efficiency and integration, enhancing competitive positioning and profitability.

Support from U.S. Government

Government support can provide regulatory and financial benefits, bolstering industry stability and long-term growth prospects.

Negative Factors

High Debt Levels

Excessive leverage can limit financial flexibility and increase risk, potentially affecting the company's ability to invest in growth opportunities.

Negative Profitability

Sustained negative profitability undermines financial health, necessitating cost management improvements to ensure long-term viability.

Operational Delays

Operational delays can disrupt production schedules and revenue streams, impacting short to medium-term financial performance.

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

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 financial challenges with a negative net income and high leverage. Despite strong revenue growth, profitability and cash flow metrics are concerning, indicating financial instability.

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	2.22B	2.15B	2.51B	2.28B	1.26B	879.46M
Gross Profit	889.72M	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	333.39M	298.40M	690.16M	479.48M	172.82M	43.33M
Operating Cash Flow	502.80M	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: 80.33
• 50DMA: Negative
• 100DMA: Positive
• 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 80.33 is below the 20-day moving average (MA) of 89.88, below the 50-day MA of 81.01, and above the 200-day MA of 77.03, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 39.69 is Neutral, neither overbought nor oversold. The STOCH value of 4.94 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	―	$3.12B	12.81	13.11%	11.25%	-9.45%	-46.17%
BTU	―	$3.53B	28.33	3.87%	1.09%	-5.83%	-73.88%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
HCC	―	$3.38B	83.54	1.95%	0.50%	-27.62%	-90.48%
AMR	―	$2.15B	-57.74	-2.29%	―	-29.63%	-108.26%
CNR	―	$4.13B	36.65	0.79%	0.37%	45.25%	-83.80%
METC	―	$1.70B	-45.87	-7.40%	1.70%	-16.99%	-188.66%

Core Natural Resources Corporate Events

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.

Core Natural Resources Reports Q2 2025 Performance

Core Natural Resources, Inc. is a leading producer of high-quality metallurgical and thermal coals, operating large-scale, low-cost longwall mines and a strategic logistical network to serve global markets. The company was formed in January 2025 through the merger of CONSOL Energy and Arch Resources.

Consol Energy’s Earnings Call: Cash Flow Amid Challenges

Consol Energy’s recent earnings call conveyed a mixed sentiment, showcasing robust cash generation and shareholder returns amidst challenging market conditions. While operational efficiencies and supportive legislation were highlighted as positives, the company faced a net loss and ongoing challenges in the metallurgical markets, alongside issues at the Leer South mine, which tempered the overall positive outlook.

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.