(CNR) Core Natural Resources - Overview
Sector: Energy | Industry: Thermal Coal | Exchange: NYSE (USA) | Market Cap: 4.198m USD | Total Return: 14.8% in 12m
Metallurgical Coal, Thermal Coal, Export Services
Total Rating 38
Safety 19
Buy Signal -0.17
Thermal Coal
Industry Rotation: +32.8
Industry Rotation: +32.8
Market Cap:
4.20B
Avg Turnover: 65.8M
Avg Turnover: 65.8M
Risk 3d forecast
Volatility48.4%
VaR 5th Pctl8.38%
VaR vs Median5.10%
Reward TTM
Sharpe Ratio0.39
Rel. Str. IBD44.8
Rel. Str. Peer Group78.3
Character TTM
Beta0.489
Beta Downside0.976
Hurst Exponent0.552
Drawdowns 3y
Max DD52.14%
CAGR/Max DD0.25
CAGR/Mean DD0.57
EPS (Earnings per Share)
EPS CAGR: -43.70%
EPS Trend: -80.4%
EPS Trend: -80.4%
Last SUE: 0.08
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 16.84%
Rev. Trend: 71.0%
Rev. Trend: 71.0%
Last SUE: 0.14
Qual. Beats: 0
Qual. Beats: 0
Warnings
Share dilution 72.3% YoY
Interest Coverage Ratio -2.4 is critical
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Choppy
Tailwinds
No distinct edge detected
Description: CNR Core Natural Resources
Core Natural Resources, Inc. (CNR) is a diversified producer and exporter of metallurgical and thermal coal, operating major mining complexes across Pennsylvania, West Virginia, Colorado, and Wyoming. Formerly known as CONSOL Energy Inc., the company manages a vertically integrated supply chain including the Core Marine Terminal in Baltimore to facilitate international sales.
The company focuses on two distinct markets: metallurgical coal, which is a critical raw material for global steel production, and high-BTU thermal coal used for power generation. Unlike thermal coal, which faces competition from renewables and natural gas, metallurgical coal demand is driven primarily by industrial infrastructure development and blast furnace steelmaking requirements.
Investors can analyze detailed valuation metrics and peer comparisons for CNR on ValueRay to further their due diligence. Founded in 1864, the firm maintains a significant footprint in the Powder River Basin and the Appalachian region, positioning it as a key supplier in both domestic and seaborne energy markets.
- Global steel demand fluctuations impact high-margin metallurgical coal sales and pricing
- Export terminal throughput capacity at Port of Baltimore dictates international revenue growth
- Natural gas price volatility influences domestic thermal coal demand for power generation
- Regulatory compliance costs and environmental policies affect long-term mining operational margins
- Global seaborne coal benchmarks determine profitability across the Pennsylvania Mining Complex segment
Piotroski VR‑10 (Strict)
6.0
| Net Income: -62.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 2.57 > 1.0 |
| NWC/Revenue: 12.38% < 20% (prev 23.93%; Δ -11.55% < -1%) |
| CFO/TA 0.09 > 3% & CFO 534.8m > Net Income -62.9m |
| Net Debt (4.68m) to EBITDA (540.4m): 0.01 < 3 |
| Current Ratio: 1.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (51.1m) vs 12m ago 72.29% < -2% |
| Gross Margin: 0.76% > 18% (prev 0.38%; Δ 38.39% > 0.5%) |
| Asset Turnover: 68.76% > 50% (prev 42.03%; Δ 26.74% > 0%) |
| Interest Coverage Ratio: -2.43 > 6 (EBITDA TTM 540.4m / Interest Expense TTM 43.3m) |
Altman Z''
1.18
| A: 0.09 (Total Current Assets 1.27b - Total Current Liabilities 747.0m) / Total Assets 6.06b |
| B: 0.13 (Retained Earnings 800.7m / Total Assets 6.06b) |
| C: -0.02 (EBIT TTM -105.4m / Avg Total Assets 6.15b) |
| D: 0.28 (Book Value of Equity 678.8m / Total Liabilities 2.40b) |
| Altman-Z'' Score: 1.18 = BB |
Beneish M
1.00
| DSRI: 0.59 (Receivables 407.0m/427.8m, Revenue 4.23b/2.63b) |
| GMI: 49.44 (GM 0.76% / 37.55%) |
| AQI: 1.06 (AQ_t 0.07 / AQ_t-1 0.06) |
| SGI: 1.61 (Revenue 4.23b / 2.63b) |
| TATA: -0.10 (NI -62.9m - CFO 534.8m) / TA 6.06b) |
| Beneish M-Score: 40.90 (Cap -4..+1) = D |
What is the price of CNR shares?
As of May 19, 2026, the stock is trading at USD 83.87 with a total of 464,238 shares traded.
Over the past week, the price has changed by -2.56%, over one month by -1.72%, over three months by -5.61% and over the past year by +14.84%.
Over the past week, the price has changed by -2.56%, over one month by -1.72%, over three months by -5.61% and over the past year by +14.84%.
Is CNR a buy, sell or hold?
Core Natural Resources has received a consensus analysts rating of 4.50.
Therefore, it is recommended to buy CNR.
- StrongBuy: 3
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CNR price?
| Analysts Target Price | 110.3 | 31.5% |
Core Natural Resources (CNR) - Fundamental Data Overview
as of 19 May 2026
P/E Forward = 9.6154 P/S = 0.992
P/B = 1.1704
P/EG = 0.3486
Revenue TTM = 4.23b USD
EBIT TTM = -105.4m USD
EBITDA TTM = 540.4m USD
Long Term Debt = 317.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 43.4m USD (from shortTermDebt, last quarter)
Debt = 455.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.68m USD (from netDebt column, last quarter)
Enterprise Value = 4.20b USD (4.20b + Debt 455.0m - CCE 450.4m)
Interest Coverage Ratio = -2.43 (Ebit TTM -105.4m / Interest Expense TTM 43.3m)
EV/FCF = 17.37x (Enterprise Value 4.20b / FCF TTM 241.9m)
FCF Yield = 5.76% (FCF TTM 241.9m / Enterprise Value 4.20b)
FCF Margin = 5.72% (FCF TTM 241.9m / Revenue TTM 4.23b)
Net Margin = -1.49% (Net Income TTM -62.9m / Revenue TTM 4.23b)
Gross Margin = 0.76% ((Revenue TTM 4.23b - Cost of Revenue TTM 4.20b) / Revenue TTM)
Gross Margin QoQ = 5.42% (prev -6.83%)
Tobins Q-Ratio = 0.69 (Enterprise Value 4.20b / Total Assets 6.06b)
Interest Expense / Debt = 2.46% (Interest Expense 11.2m / Debt 455.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -83.3m (EBIT -105.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.70 (Total Current Assets 1.27b / Total Current Liabilities 747.0m)
Debt / Equity = 0.12 (Debt 455.0m / totalStockholderEquity, last quarter 3.66b)
Debt / EBITDA = 0.01 (Net Debt 4.68m / EBITDA 540.4m)
Debt / FCF = 0.02 (Net Debt 4.68m / FCF TTM 241.9m)
Total Stockholder Equity = 2.79b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.02% (Net Income -62.9m / Total Assets 6.06b)
RoE = -2.26% (Net Income TTM -62.9m / Total Stockholder Equity 2.79b)
RoCE = -3.39% (EBIT -105.4m / Capital Employed (Equity 2.79b + L.T.Debt 317.3m))
RoIC = -2.01% (negative operating profit) (NOPAT -83.3m / Invested Capital 4.14b)
WACC = 7.14% (E(4.20b)/V(4.65b) * Re(7.70%) + D(455.0m)/V(4.65b) * Rd(2.46%) * (1-Tc(0.21)))
Discount Rate = 7.70% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 13.48 | Cagr: 24.65%
[DCF] Terminal Value 75.44% ; FCFF base≈180.7m ; Y1≈122.2m ; Y5≈59.3m
[DCF] Fair Price = 27.40 (EV 1.39b - Net Debt 4.68m = Equity 1.38b / Shares 50.4m; r=7.14% [WACC]; 5y FCF grow -37.84% → 3.0% )
EPS Correlation: -80.41 | EPS CAGR: -43.70% | SUE: 0.08 | # QB: 0
Revenue Correlation: 71.02 | Revenue CAGR: 16.84% | SUE: 0.14 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.58 | Chg30d=+0.14% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.39 | Chg30d=-13.95% | Revisions=-33% | Analysts=2
EPS current Year (2026-12-31): EPS=4.90 | Chg30d=-0.03% | Revisions=-20% | GrowthEPS=+264.4% | GrowthRev=+6.6%
EPS next Year (2027-12-31): EPS=8.28 | Chg30d=+5.27% | Revisions=+0% | GrowthEPS=+69.0% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: -33%