Lumida
/CNR
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Core Natural Resources Inc

Core Natural Resources Inc

CNR
$83.02USD↓-0.68%-0.57 today

MARKET CAP

4.2B

P/E (TTM)

—

FWD P/E

14.3x

DAY RANGE

$82 – $84

52W RANGE

$69
$115

AI Summary

Stalk
Sell NowMedium

CNR remains in a pronounced Stage 4 decline, trading below declining 9/21 EMAs and major moving averages. An active Double Bottom terminal pattern signals potential exhaustion, but without a breakout and sustained repair above EMAs, the medium-term bias remains bearish. Price is currently rallying into resistance at the EMA zone with heavier volume on sell-offs, offering a tactical sell-side engagement on pullbacks.

  • ↑Q1 revenue rebounded to $178 M vs. Q4 loss $79 M, showing recovery
  • ↑Net income $21 M and adjusted EBITDA $180 M up from $103 M
  • ↓High leverage indicates financial stress amid rising diesel and input costs
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The case for & against

Bull & Bear analysis

Bearish

Core Natural Resources, Inc. (CNR), operates primarily in the coal sector, specializing in the production of high-caloric thermal and metallurgical coal. Post-merger, the company has positioned itself for enhanced operational efficiency and competitive strength within the recovering coal market. CNR’s focus on strategic contracting and domestic supply chains allows it to maintain a pivotal role in energy generation amid evolving regulations favoring coal as a key energy resource.

Bull says

  • ↑Q1 revenue rebounded to $178 M vs. Q4 loss $79 M, showing recovery
  • ↑Net income $21 M and adjusted EBITDA $180 M up from $103 M
  • ↑Returned $47 M (85% of FCF) and 0.28% dividend yield
  • ↑Secured 29.1 M ton contracts in thermal segment, ensuring 2026 stability
  • ↑Merger synergies target $150 M annual efficiencies from cost savings
  • ↑Liquidity at $935 M underpins capital flexibility amid market volatility

Bear says

  • ↓High leverage indicates financial stress amid rising diesel and input costs
  • ↓Negative earnings yield and downward revisions signal weak return prospects
  • ↓Domestic coal demand vulnerable to economic downturn, risking price declines
  • ↓Regulatory dependence poses policy risk if U.S. coal support wanes
  • ↓West Elk B-seam transition delays could disrupt production recovery timelines
  • ↓Geopolitical diesel price hikes may further strain operating margins

Investment themes with CNR

Coal↑ +1.26%

Coal mining and energy production companies

BHP · BTU · ARLP
GS: Bad Pricing Power↓ -0.38%

Companies with weak ability to set prices

DDS · PENN · VAC

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-10-2026neutral

Transcript signals

Bull points

  • I think we are significantly ahead on the synergy achievement side.
  • we have over 30% of our volume this year linked to PLV prices, indicating positive pricing power and strategic alignment with market trends.
  • Asia continues to grow for us and that's where the growth and demand is. India certainly is growing. But we are seeing some opportunities back in Brazil and also into Europe right now, CBAM being one that is helping the European steel markets.

Bear points

  • overall Metco prices are just lower, which reduces the value of those synergies.
  • the high vol is a little bit oversupplied today, which may negatively impact pricing stability.
  • the threat of a global economic downturn caused by the conflict continues to broadly weigh on demand in these markets.
Read full transcript analysis ›