Core Natural Resources, Inc. (CNR)
Core Natural Resources, Inc., together with its subsidiaries, produces, sells, and exports metallurgical and thermal coals in the United States and internationally. It operates through the High CV Thermal; Metallurgical; Powder River Basin (PRB); and Core Marine Terminal segments. The High CV Thermal segment consists of Pennsylvania Mining Complex and the West Elk mine located in Colorado. The Metallurgical segment consists of Leer, Leer South, Beckley, Mountain Laurel, and Itmann coal mines in West Virginia. The PRB segment consists of Black Thunder and Coal Creek surface mining complexes located in Wyoming. The Core Marine Terminal segment consists of coal export terminal operations in the Port of Baltimore. 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.
- Symbol
- CNR
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Thermal Coal
- Market cap
- $4.59B
- 52 week range
- 74.75 - 114.8
Valuation
- Share price
- $92.15 (close of 2026-09-23)
- P/E (TTM)
- 45.62x
- Price to book
- 1.24x
- Price to free cash flow
- 17.70x
- Enterprise value
- $4.57B
- Book value per share
- $74.60
Price performance
| Period | Change |
|---|
| 1 day | +1.54% |
| 5 days | -2.50% |
| 1 month | -3.13% |
| 3 months | +12.04% |
| 6 months | -10.66% |
| Year to date | +4.11% |
| 1 year | +19.26% |
| 3 years | -1.99% |
| 5 years | +265.67% |
| All time | +314.16% |
Profitability and growth
- Return on equity
- -4.17%
- Return on invested capital
- -2.75%
- Return on assets
- -2.50%
- Return on capital employed
- -3.44%
- Gross margin
- 0.79%
- Net margin
- -3.68%
- EBITDA margin
- 10.54%
- Revenue growth
- 92.42%
- Net income growth
- -153.50%
- Free cash flow growth
- -92.91%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 5.65%
- Current ratio
- 1.83x
- Net debt to EBITDA
- -0.04x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $4.16B
- Cost of revenue
- $4.13B
- Gross profit
- $32.80M
- EBITDA
- $439.01M
- Net income
- $-153.22M
- Earnings per share
- $-2.98
- Shares outstanding
- 51.39M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $4.16B | $32.80M | $-153.22M | $-2.98 |
| 2024-12-31 | $2.16B | $466.22M | $286.40M | $9.65 |
| 2023-12-31 | $2.51B | $906.81M | $655.89M | $19.91 |
| 2022-12-31 | $2.28B | - | $466.98M | $13.41 |
| 2021-12-31 | $1.26B | - | $34.11M | $0.99 |
| 2020-12-31 | $879.46M | - | $-9.76M | $-0.37 |
| 2019-12-31 | $1.38B | - | $76.00M | $2.82 |
| 2018-12-31 | $1.47B | - | $152.98M | $5.48 |
| 2017-12-31 | $1.32B | - | $67.63M | $2.42 |
| 2016-12-31 | $1.14B | - | $41.50M | $1.48 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 0.79% | -3.68% | -4.17% | -2.75% |
| 2024-12-31 | 21.54% | 13.23% | 18.26% | 23.32% |
| 2023-12-31 | 36.18% | 26.17% | 48.82% | 53.46% |
| 2022-12-31 | - | 20.48% | 40.06% | - |
| 2021-12-31 | - | 2.70% | 5.07% | - |
| 2020-12-31 | - | -1.11% | -1.76% | - |
| 2019-12-31 | - | 5.53% | 13.28% | - |
| 2018-12-31 | - | 10.39% | 27.73% | - |
| 2017-12-31 | - | 5.12% | 19.68% | - |
| 2016-12-31 | - | 3.63% | 5.19% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $432.17M | $317.27M |
| 2024-12-31 | $460.23M | $79.52M |
| 2023-12-31 | $281.30M | $181.88M |
| 2022-12-31 | $273.07M | $342.11M |
| 2021-12-31 | $149.91M | $568.05M |
| 2020-12-31 | $50.85M | $566.86M |
| 2019-12-31 | $80.29M | $653.80M |
| 2018-12-31 | $235.68M | $708.54M |
| 2017-12-31 | $153.98M | $856.65M |
| 2016-12-31 | $13.31M | $301.83M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $21.17M | $32.92M |
| 2024-12-31 | $298.40M | $11.35M |
| 2023-12-31 | $690.16M | $10.05M |
| 2022-12-31 | $479.48M | $7.89M |
| 2021-12-31 | $172.82M | $6.63M |
| 2020-12-31 | $43.33M | $11.58M |
| 2019-12-31 | $74.83M | $12.76M |
| 2018-12-31 | $267.78M | $10.23M |
| 2017-12-31 | $166.70M | $22.09M |
| 2016-12-31 | $275.51M | $12.89M |
Dividend history
- Most recent payment
- 2026-08-31
- Paid in the last twelve months
- $0.40
| Payment date | Dividend per share |
|---|
| 2026-08-31 | $0.10 |
| 2026-05-29 | $0.10 |
| 2026-03-02 | $0.10 |
| 2025-11-28 | $0.10 |
| 2025-08-29 | $0.10 |
| 2025-05-30 | $0.10 |
| 2025-03-03 | $0.10 |
| 2024-11-15 | $0.25 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $0.83
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $0.37 |
| 2026-05-07 | - | - |
| 2025-11-06 | - | - |
| 2025-08-05 | - | - |
| 2025-05-08 | - | - |
| 2025-02-20 | - | - |
| 2022-08-02 | - | - |
| 2022-05-03 | - | - |
Filings and sources
- Company website
- corenaturalresources.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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