Core Natural Resources (CNR)
Producer of thermal and metallurgical coal with integrated East Coast export logistics.
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Produces high-calorific-value and sub-bituminous thermal coal for power and industrial users, plus metallurgical coal for steelmaking. Four segments span Appalachian and Western mines and the rail-linked Core Marine Terminal in Baltimore, with revenue split across U.S. and export customers.
Mines high-calorific-value thermal coal at the Pennsylvania Mining Complex and West Elk, metallurgical coal at five West Virginia mines, and sub-bituminous thermal coal at Black Thunder and Coal Creek in Wyoming. Customers include U.S. power generators and domestic and international steel and industrial users.
Pairs large-scale longwall and surface mines with rail connections and two East Coast export outlets. The wholly owned Core Marine Terminal at Baltimore stores, blends, and loads coal, while a minority interest in Dominion Terminal adds Newport News access. Most Baltimore throughput originates at the Pennsylvania complex.
Revenue remains tied to coal prices and demand across power, steel, and industrial markets. Mine permits, environmental and safety regulation, rail and port availability, and seaborne trade conditions govern production and delivery.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 19, 2026 | UBS | Downgrade | ||
| Aug 18, 2026 | UBS | Downgrade | Target: $100 | Target: $105 |
| Jun 30, 2026 | UBS | Reiterate | Rating: —Target: $105.50 | Target: $100 |
| Oct 10, 2025 | Jefferies | Upgrade | Target: $78 | Target: $125 |
| Oct 8, 2025 | UBS | Reiterate | Rating: —Target: — | Target: $105.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 4, 2026Cash & short-term investments $473.2M · Total debt $447.6M · Total assets $6.12B · Shareholders' equity $3.72B
- Revenue
- $1.14B
- Operating income
- $155.8M
- Net income
- $126.5M
HistoryDividendAnnual yield
| Institutions | ≈ 93.79% | 47.28M shares | |
|---|---|---|---|
| 372 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.01% | 1.01M shares | |
| 18 holders · as of Aug 20, 2026 | |||
| Other | ≈ 4.20% | 2.12M shares | |
| remainder | |||
50.41M company shares as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.07% | 7.60M | as of Jun 30, 2026 |
State Street CorpInstitution | 7.84% | 3.95M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.99% | 3.02M | as of Jun 30, 2026 |
FMR LLCInstitution | 5.74% | 2.90M | as of Jun 30, 2026 |
Dme Capital Management, LPInstitution | 4.53% | 2.28M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 19, 2026 | Rosemary L. Klein | officer: SVP, CLO & Corp. Sec. | −15,000 | $106.87 |
| Mar 17, 2026 | John Rothka | officer: Chief Accounting Officer | −1,000 | $97.66 |
| Mar 18, 2026 | James A. Brock | director, officer: Executive Chair and CEO | −40,760 | $101.15 |
| Mar 10, 2026 | Richard A. Navarre | director | −6,000 | $91.70 |
| Mar 10, 2026 | John Rothka | officer: Chief Accounting Officer | −3,800 | $91.62 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Core Natural Resources | $92.80 | −1.20% | $4.73B | 47.2 | 21.2 | 1.1 | +3.5% |
| Alpha Metallurgical Resources | $182.86 | −3.03% | $2.40B | — | 47.0 | 1.2 | −10.4% |
| Warrior Met Coal | $89.86 | −2.44% | $4.86B | 22.1 | 12.7 | 2.9 | +71.3% |
| Peabody Energy | $26.63 | −0.62% | $3.26B | — | 13.4 | 0.8 | +12.7% |
| Alliance Resource Partners | $25.74 | −0.46% | $3.33B | 12.6 | 8.2 | 1.5 | +0.8% |
| Ramaco Resources Class A | $9.37 | −3.40% | $521.9M | — | — | 1.0 | −5.3% |
| Median | 17.3 | 13.0 | 1.2 | +0.8% |