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Saturday 17 October 2026 Export CNR’s income statement to Excel — free account

Core Natural Resources, Inc.

CNR Energy Thermal Coal

In the quarter to June 2026, revenue grew 3.51%, EPS grew 458.6%, free cash flow grew 13.4% and total debt rose 14.4%, each against the same quarter a year earlier.

90.35 1.35 +1.52%
Market cap
$4.4B
P/E
45.4×
Fwd P/E
24.8×
Dividend yield
0.00%
F-score
4/9
Altman Z
1.98
Beneish M
−1.01
Dividend safety
20/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 6.72
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 5 — — — — — — —
Insider Ownership 3.92%

Capital & Financial Ratios $m

Market Cap 4,420.00
Revenue 4,270.30
Net Income 100.13
Free Cash Flow 270.19
Net Debt (25.55)
Current Ratio 1.83 (at or above 1.5: strong)
Debt/Equity 0.12 (at or below 0.5: strong)
P/E ratio 45.40 (above 35: high)
Fwd P/E 24.80
P/S ratio 1.07
P/B ratio 1.23
Past 5Y EPS Growth —
This Y EPS Growth 261.29% (at or above 15%: strong)
Next Y EPS Growth 35.22% (at or above 15%: strong)
Next Y revenue growth 8.46%
Next 5Y EPS Growth (3.54%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 1.1×; over the ten years it ranged from 0.5× in 2017 to 1.8× in 2022.
P/E against its own 10 years 90.04%
10-year low 10-year high
P/S against its own 10 years 62.42%
10-year low 10-year high
P/B against its own 10 years 37.32%
10-year low 10-year high
EV/Sales against its own 10 years 45.16%
10-year low 10-year high
EV/FCF against its own 10 years 83.17%
10-year low 10-year high

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 0.00
0.25
2023 2.20
1.10
1.10
2022 2.10
1.00
1.05
1.05
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 281 460 432 473
Receivables 160 163 403 441
Inventory 88 96 375 381
Other 71 67 130 80
601 786 1,340 1,375
2023 2024 2025 Q'26
Payables 137 144 336 329
ST’ Debt 11 113 98 42
Other — — — —
444 519 838 753

Compound Annual Growth %

10y 5y 3y
Sales 11.35% 32.45% 25.60%
Cash Flow 0.47% 18.78% (22.27%)
Earnings 0.00% 0.00% 0.00%
Book Value 13.23% 46.05% 46.67%

Revenue $m

Mar Jun Sep Dec Year
’26 1,084 1,141 — — —
’25 1,017 1,102 1,003 1,042 4,165
’24 547 491 553 574 2,164
’23 689 661 570 587 2,507
’22 359 545 562 637 2,102
’21 342 287 149 481 1,259
’20 291 163 243 325 1,022
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 119 250 — — —
’25 (110) 220 88 107 306
’24 77 116 161 121 476
’23 249 228 163 219 858
’22 148 198 153 151 651
’21 78 95 81 52 306
’20 51 (5) 16 67 129
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 56 149 — — —
’25 (168) 131 39 27 29
’24 41 62 122 81 306
’23 221 185 121 167 694
’22 118 160 107 116 501
’21 73 54 35 25 186
’20 24 (23) 4 48 53
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.41 2.51 — — —
’25 (1.38) (0.70) 0.61 (1.54) (2.98)
’24 3.39 1.96 3.22 1.04 9.61
’23 6.55 4.94 3.11 5.05 19.79
’22 (0.13) 3.54 4.25 5.39 13.07
’21 0.75 0.12 (3.30) 3.30 0.96
’20 0.09 (0.69) (0.28) 0.49 (0.37)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — 19.51 26.62 11.71 3.35 6.51 19.11 49.35 75.43 58.19

Analyst estimates 2026–2028

Powerpack
High — 41.89 48.12 38.74 15.12 36.23 79.17 114.30 134.59 109.61
People
People Employees 1,661 1,692 1,772 1,792 1,494 1,575 1,860 2,020 2,076 4,850
Revenue/emp, $m 0.74 0.83 0.86 0.80 0.68 0.80 1.13 1.24 1.04 0.86
Income, $m
Income, $m Revenue 1,231 1,412 1,532 1,431 1,022 1,259 2,102 2,507 2,164 4,165
Gross margin, % 96.22 94.78 97.16 98.63 96.09 91.75 91.32 45.04 33.86 14.89
EBT 65 170 188 98 (9) 35 568 778 331 (234)
EBT margin, % 5.28 12.03 12.25 6.86 (0.90) 2.81 27.04 31.03 15.28 (5.61)
Net income 50 83 179 94 (13) 34 467 656 286 (153)
Depreciation 178 173 210 214 218 233 235 241 224 621
Per share, $
Per share, $ Revenue 44.01 50.48 54.86 53.12 39.19 36.59 60.38 76.09 72.92 81.05
Earnings 1.80 2.42 5.48 2.81 (0.37) 0.99 13.41 19.91 9.65 (2.98)
Cash flow 11.77 8.87 14.81 9.08 4.96 8.88 18.70 26.04 16.05 5.95
Capex (1.64) (2.03) (5.14) (6.22) (2.92) (3.46) (4.31) (4.96) (5.75) (5.39)
Free cash flow 10.13 6.84 9.66 2.86 2.04 5.42 14.39 21.08 10.30 0.56
Book value 28.61 12.29 19.75 21.25 21.23 19.56 33.49 40.78 52.83 71.58
Shares, m 28 28 28 27 26 34 35 33 30 51
Valuation, ×
Valuation, × P/E 8.00 13.76 5.80 5.20 0.00 22.94 4.35 5.08 11.08 0.00
P/S 0.24 0.76 0.58 0.27 0.18 0.62 0.97 1.33 1.46 1.09
P/B 0.42 3.13 1.61 0.68 0.34 1.16 1.74 2.48 2.02 1.24
EV/Sales 0.46 1.28 0.97 0.72 0.78 0.99 1.02 1.30 1.35 1.10
EV/FCF 2.18 9.46 5.52 13.29 14.92 6.71 4.27 4.68 9.53 159.27
Cash, $m
Cash, $m Operating cash flow 329 248 414 245 129 306 651 858 476 306
Capex (46) (57) (144) (168) (76) (119) (150) (164) (171) (277)
Free cash flow 283 191 270 77 53 186 501 694 306 29
Balance, $m
Balance, $m Working capital (179) (23) (18) (54) (76) (59) 150 157 267 502
Total debt 318 888 869 713 657 652 384 197 208 452
Net debt 304 734 604 633 606 469 111 (84) (253) 20
Shareholders’ equity 800 344 552 572 554 673 1,166 1,343 1,568 3,678
Returns, %
Returns, % ROA 1.49 2.51 5.60 2.79 (0.37) 1.34 17.70 24.39 10.31 (3.40)
ROIC 4.47 11.36 14.89 9.80 1.65 5.37 30.67 39.87 16.67 (3.08)
ROE 4.46 11.83 34.17 13.52 (1.73) 5.56 50.80 52.28 19.67 (5.84)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Core Natural Resources, Inc. vs peers in Thermal Coal (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CNR Core Natural Resources, Inc. $4.4B 45.4× 24.8× +3.51% (above 0%: growing) n/m +13.36% (above 0%: growing) 22.09% 13.65%
ARLP Alliance Resource Partners, L.P. $3.2B 12.6× 11.7× +0.75% (above 0%: growing) +32.61% (above 0%: growing) +21.12% (above 0%: growing) 36.75% 17.33% Compare
BTU Peabody Energy Corporation $2.9B — (loss-making) 33.0× +12.71% (above 0%: growing) n/m +11.29% (above 0%: growing) 4.91% (10.51%) Compare
NRP Natural Resource Partners LP $1.5B 14.2× — −3.97% (below 0%: shrinking) −27.06% (below 0%: shrinking) −11.47% (below 0%: shrinking) 100.00% 54.52% Compare
NC NACCO Industries, Inc. $253.7M 14.8× 3.8× +5.97% (above 0%: growing) n/m +98.20% (above 0%: growing) 21.02% (3.14%) Compare
Median of peers $2.2B 14.2× 11.7× +3.36% — +16.21% 28.89% 7.10%

All 5 Thermal Coal stocks →

Core Natural Resources, Inc. (CNR) key facts

  • Core Natural Resources, Inc. (CNR) is a Thermal Coal company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CNR traded at $90.35, a market capitalization of $4.4 billion.
  • Core Natural Resources, Inc. does not currently pay a dividend.
  • Return on equity was −5.84% and debt-to-equity 0.12.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.98 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Core Natural Resources, Inc. (CNR) Latest News

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stockrow.com/CNR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com