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Core Natural Resources, Inc.

Core Natural Resources, Inc.

NYSE•CNR
CEO: Mr. James A. Brock
Sector: Energy
Industry: Coal
Listing Date: 2017-11-14
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.
Contact Information
275 Technology Drive, Suite 101, Canonsburg, PA, 15317-9565, United States
724-416-8300
corenaturalresources.com
Market Cap
$4.36B
P/E (TTM)
216.1
32.3
Dividend Yield
0.5%
52W High
$117.55
52W Low
$58.19
52W Range
45%
Rank37Top 25.8%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.00B+82.40%
4-Quarter Trend

EPS

$0.61-81.03%
4-Quarter Trend

FCF

$38.62M-68.33%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Soars Post-Merger Revenues reached $1.003B USD for Q3 2025, showing an 81.1% increase from the prior year period due to Arch consolidation.
Total Assets Double Post-Merger Total Assets grew to $6.196B USD by September 30, 2025, reflecting 115.1% growth following the completion of the Merger.
Nine Month Net Loss Recorded Nine months resulted in $(74.24M) USD net loss, contrasting sharply with $255.58M USD income reported in the prior year.
Operating Cash Flow Decreases Cash provided by operations fell to $198.44M USD for nine months, down 44.1% due to non-recurring Merger-related expenditures.

Risk Factors

Metallurgical Realization Pressure Realized revenue per ton dropped $48.25 USD in Q3, impacted by challenged benchmark prices and surplus industry supply.
Mine Combustion Cost Exposure Expect $15M to $25M in Q4 2025 fire extinguishment and idle costs related to the combustion incident at the Leer South mine.
Thermal Segment EBITDA Drop High CV Thermal Adjusted EBITDA fell $57.01M USD due to reduced realization and lower PAMC sales volumes quarter-over-quarter.
Preliminary Purchase Allocation Preliminary purchase accounting adjustments of $1.4B USD related to Merger assets may require material future adjustments.

Outlook

OBBBA Tax Credit Eligibility Eligible for 2.5% monetizable tax credit on production costs starting 2026 under the One Big Beautiful Bill Act provisions.
Strong Liquidity Position Maintained Total liquidity stands at $995M USD, supported by $600M RCF availability and Receivables Financing Agreement capacity.
Post-Merger G&A Increase Expect increased long-term incentive compensation and headcount costs following successful integration of combined company operations.
Debt Refinancing Completed Successfully refinanced tax-exempt bonds and amended RCF, incurring $11.68M USD Loss on Debt Extinguishment in nine months.

Peer Comparison

Revenue (TTM)

Chord Energy CorporationCHRD
$5.16B
+8.4%
Peabody Energy CorporationBTU
$3.96B
-8.9%
Matador Resources CompanyMTDR
$3.82B
+14.5%

Gross Margin (Latest Quarter)

Matador Resources CompanyMTDR
187.5%
+143.0pp
Warrior Met Coal, Inc.HCC
97.7%
+82.3pp
Enphase Energy, Inc.ENPH
47.8%
+1.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CNX$5.56B18.97.3%31.2%
CHRD$5.53B32.62.0%11.5%
MTDR$5.51B7.114.7%18.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
20.7%
Strong Growth
4Q Net Income CAGR
0.8%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $1.00B+82.4%
    |
    EPS: $0.61-81.0%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $1.10B+124.6%
    |
    EPS: $-0.70-135.7%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $1.02B+86.1%
    |
    EPS: $-1.38-140.5%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $2.15B-14.3%
    |
    EPS: $9.67-51.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $549.64M+1.7%
    |
    EPS: $3.23+2.5%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $490.72M-25.0%
    |
    EPS: $1.96-60.8%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $546.69M-19.3%
    |
    EPS: $3.40-49.0%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 9, 2024|
    Revenue: $2.51B+9.9%
    |
    EPS: $19.91+48.5%
    Beat