Core Natural Resources (CNR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Core Natural Resources

NYSE•Energy•Thermal Coal

$91.08-2.24(-0.02%)Market closed

Market Cap

$4.61B

P/E

46.1x

P/S

1.1x

P/B

1.2x

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.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (10/25).

Profitability10/25

Growth22/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 46.1x5y range 2.8x – 400.0x

Currently above its 16-quarter median.

P/S · 1.1x5y range 0.6x – 1.5x

Currently near its 20-quarter median.

P/B · 1.2x5y range 1.0x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 89.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Leverage Risk

Watch

Debt-to-equity has risen 31.1% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $4.61B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.27B
Q. Revenue: $1.14B
TTM EBITDA: $722.88M
TTM Op. Income: $79.57M
Q. Op. Income: $155.76M
TTM Net Income: $100.13M
Q. Net Income: $126.47M
EPS: $2.51
Shares Out.: $50.43M

$4.27B in TTM revenue grew 31.5% YoY, reaching $1.14B last quarter. TTM EBITDA of $722.88M and TTM operating income of $79.57M show growth is flowing through to the bottom line. TTM net income of $100.13M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.1%
EBITDA Margin: 28.3%
Op. Margin: 13.7%
Net Margin: 11.1%

Op. margin of 13.7% is up 15.4% YoY — cost efficiency is improving. Net margin at 11.1% and gross margin of 22.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 46.1x
P/S Ratio: 1.1x
P/B Ratio: 1.2x

At 46.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.1x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 514% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.12B
Cash: $473.20M
Long-Term Debt: $405.18M
Book Value: $3.72B
D/E Ratio: 0.1
Debt/EBITDA: 1.3

With $6.12B in assets and $405.18M in long-term debt, D/E is 0.1and book value is $3.72B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 31% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $250.45M
TTM Free Cash Flow: $259.50M
FCF Margin: 6.1%
FCF / Net Income: 2.6

TTM FCF of $259.50M on $250.45M in operating cash flow. The FCF / Net Income ratio of 2.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.