CNR Stock Analysis: Core Natural Resources | NYSE
Thermal Coal | NYSE, USA | Market Cap: 3.733m USD | 12M Return: 4.9% | US2189371006 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 44.2M
Qual. Beats: 0
Rev. Trend: 85.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Core Natural Resources, Inc. (NYSE: CNR) is a U.S.-based coal producer that mines, sells, and exports both metallurgical and thermal coal to domestic and international markets. The company operates through four reporting segments: High CV Thermal (Pennsylvania Mining Complex and the West Elk mine in Colorado), Metallurgical (Leer, Leer South, Beckley, Mountain Laurel, and Itmann mines in West Virginia), Powder River Basin (Black Thunder and Coal Creek surface mining complexes in Wyoming), and Core Marine Terminal (coal export operations at the Port of Baltimore).
Metallurgical coal is primarily used as a key input in steelmaking, while thermal coal is mainly burned for electricity generation in power plants. The Powder River Basin in Wyoming is one of the largest coal-producing regions in the United States, and integrated export terminals like the Baltimore facility are critical for accessing seaborne coal markets overseas.
The company was founded in 1864 and is headquartered in Canonsburg, Pennsylvania. It was formerly known as CONSOL Energy Inc. before adopting its current name in January 2025.
- Metallurgical coal prices rise with global steel demand
- PRB thermal margins pressured by low natural gas prices
- Capital returns accelerate post CONSOL Energy restructuring
| Net Income: 100.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.86 > 1.0 |
| NWC/Revenue: 14.56% < 20% (prev 29.59%; Δ -15.03% < -1%) |
| CFO/TA 0.09 > 3% & CFO 565.1m > Net Income 100.1m |
| Net Debt (11.3m) to EBITDA (721.0m): 0.02 < 3 |
| Current Ratio: 1.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.5m) vs 12m ago -3.65% < -2% |
| Gross Margin: 2.27% > 18% (prev 28.26%; Δ -25.99% > 0.5%) |
| Asset Turnover: 66.69% > 50% (prev 48.46%; Δ 18.23% > 0%) |
| Interest Coverage Ratio: 1.73 > 6 (EBIT TTM 77.7m / Interest Expense TTM 44.9m) |
| A: 0.10 (Total Current Assets 1.37b - Total Current Liabilities 753.0m) / Total Assets 6.12b |
| B: 0.14 (Retained Earnings 871.6m / Total Assets 6.12b) |
| C: 0.01 (EBIT TTM 77.7m / Avg Total Assets 6.40b) |
| D: 1.55 (Book Value of Equity 3.72b / Total Liabilities 2.40b) |
| Altman-Z'' = 2.84 = A |
| DSRI: 0.99 (Receivables 440.5m/337.8m, Revenue 4.27b/3.24b) |
| GMI: 12.46 (GM 28.26% / 2.27%) |
| AQI: 0.13 (AQ_t 0.06 / AQ_t-1 0.52) |
| SGI: 1.32 (Revenue 4.27b / 3.24b) |
| TATA: -0.08 (NI 100.1m - CFO 565.1m) / TA 6.12b) |
| Beneish M = 7.05 (Cap -4..+1) = D |
As of November 15, 2026, the stock is trading at USD 86.21 with a total of 687,268 shares traded. Over the past week, the price has changed by +8.70%, over one month by -5.82%, over three months by -7.70% and over the past year by +4.87%.
Current recommended Stop Loss: 81.20 (which is 5.8% or 1.4 ATR below the current price).
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
| Analysts Target Price | 110.5 | 28.2% |
P/E Trailing = 47.9045
P/E Forward = 8.8731
P/S = 0.8742
P/B = 1.0707
P/EG = 0.3486
Revenue TTM = 4.27b USD
EBIT TTM = 77.7m USD
EBITDA TTM = 721.0m USD
Long Term Debt = 405.2m USD (from longTermDebt, last quarter)
Short Term Debt = 42.5m USD (from shortTermDebt, last quarter)
Debt = 484.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 36.9m
Net Debt = 11.3m USD (calculated: Debt 484.5m - CCE 473.2m)
Enterprise Value = 3.74b USD (3.73b + Debt 484.5m - CCE 473.2m)
Interest Coverage Ratio = 1.73 (Ebit TTM 77.7m / Interest Expense TTM 44.9m)
EV/FCF = 14.43x (Enterprise Value 3.74b / FCF TTM 259.5m)
FCF Yield = 6.93% (FCF TTM 259.5m / Enterprise Value 3.74b)
FCF Margin = 6.08% (FCF TTM 259.5m / Revenue TTM 4.27b)
Net Margin = 2.34% (Net Income TTM 100.1m / Revenue TTM 4.27b)
Gross Margin = 2.27% ((Revenue TTM 4.27b - Cost of Revenue TTM 4.17b) / Revenue TTM)
Gross Margin QoQ = 7.47% (prev 5.42%)
Tobins Q-Ratio = 0.61 (Enterprise Value 3.74b / Total Assets 6.12b)
Interest Expense / Debt = 9.26% (Interest Expense 44.9m / Debt 484.5m)
Taxrate = 11.54% (16.5m / 143.0m)
NOPAT = 68.7m (EBIT 77.7m * (1 - 11.54%))
Current Ratio = 1.83 (Total Current Assets 1.37b / Total Current Liabilities 753.0m)
Debt / Equity = 0.13 (Debt 484.5m / totalStockholderEquity, last quarter 3.72b)
Debt / EBITDA = 0.02 (Net Debt 11.3m / EBITDA 721.0m)
Debt / FCF = 0.04 (Net Debt 11.3m / FCF TTM 259.5m)
Total Stockholder Equity = 3.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.56% (Net Income 100.1m / Total Assets 6.12b)
RoE = 2.70% (Net Income TTM 100.1m / Total Stockholder Equity 3.71b)
RoCE = 1.89% (EBIT 77.7m / Capital Employed (Equity 3.71b + L.T.Debt 405.2m))
RoIC = 1.32% (NOPAT 68.7m / Invested Capital 5.20b)
WACC = 7.01% (E(3.73b)/V(4.22b) * Re(6.86%) + D(484.5m)/V(4.22b) * Rd(9.26%) * (1-Tc(0.12)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.25 | Cagr: 25.87%
[DCF] Terminal Value 77.97% ; FCFF base≈219.3m ; Y1≈251.4m ; Y5≈369.9m
[DCF] Fair Price = 111.9 (EV 5.57b - Net Debt 11.3m = Equity 5.56b / Shares 49.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.30 | # QB: 0
Revenue Correlation: 85.39 | Revenue CAGR: 29.54% | SUE: 0.33 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=4.77 | Chg30d=-6.36% | Revisions=-25% | GrowthEPS=+259.9% | GrowthRev=+8.4%
EPS next Year (2027-12-31): EPS=6.72 | Chg30d=+2.63% | Revisions=+25% | GrowthEPS=+41.1% | GrowthRev=+1.8%
[Analyst] Revisions Ratio: +0% (up=1, down=1)