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CNR
Core Natural Resources, Inc.NYSEEnergyThermal CoalSnapshot 2026-06-12
Watch· this month
$92.17+2.40%
Close 2026-06-12 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak, and the company was unprofitable over the past year, so its earnings quality can't be assessed. Risk is elevated, and the sector backdrop is a headwind, which may impact future performance. Peer multiples imply a price about 10% above where it trades (it looks cheap on this basis); the read is fair, but weakening. Key factors to watch include guidance changes and sector trends, as these could significantly influence the stock's trajectory. This read is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Thermal Coal
- Market cap
- $4.64B
- Employees
- —
- IPO date
- 2017-12-13
- Next earnings
- 2026-08-04
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 3 valuation methods, at three horizons. Current price $92.17. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfair
$104.68consensus
Range $91.94 – $117.23
vs price: -12% below
Method agreement — · 3 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$118.19consensus
Range $75.54 – $160.85
vs price: -22% below
Method agreement — · 2 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peersmedium confidence
At $92 CNR trades at 1× p/s, below its 2× p/s peer median. Our $103 fair value sits above the price; medium confidence. Not investment advice.
Multiple (P/S)
1.3x
peer 1.8x · own history 1.3x
Premium
0.7x peer
1.0x its own history
Growth the price needs
-11%
our forecast 43%
Our fair value
$103.08
range $91.14 – $114.89
WhyEarnings too small for P/E
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fairfair — but weakening12-month view
What's priced inJustified
The price implies about 11% below a flat-multiple fair value, below our forecast of about 43%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Low fragilityrisk posture, not a price call
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated weak grew net income 60% of the time over the next year (vs 56% for the rest of the cohort, n=979).
23rd pctl · Energy
Earnings quality
loss makingOver the trailing year it converted -8.50x of net income into operating cash flow.
Macro sensitivity
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
Management & capital allocation
Not enough signal yet.
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullishEPS revised +48.9% / 30d, n=2for period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.36 → $0.54 (+48.9% / 30d). 1 raised, 0 cut, 2 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 100% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: energy is in mature, with may be transitioning (~0.8 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme shale/unconventional.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: weak
- Capital allocation
- neutral
- Earnings discipline
- weak
- Margin discipline
- neutral
- Balance sheet
- neutral
- Post-call reaction
- weak
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-12
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$230.
How much price usually moves either way.
On a bad day, this stock has moved -$524.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,722.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceMonthsactive 14d
Watch for Q2 revenue growth results on August 4, 2026
Why it matters: Revenue growth is key for Core Natural Resources. A strong report signals positive momentum.
What confirms / what disproves
Confirms:Q2 revenue growth exceeds 6% year over year.
Disproves:Q2 revenue growth falls below 6% year over year.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for CNR yet.
This sector is also watching
- Watch for changes in oil prices following CPI and PPI reports
- Watch for energy revenue growth to pick up above 8% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like BTU and NC keep beating earnings and guiding higher, the Energy sector momentum should keep lifting CNR and other Energy names. Worth watching these names for early signals.
- If CNR raises forward guidance on the next earnings call (currently NEW as of 2026-06-04), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
- If inflation reaccelerates, say headline CPI back above 3.5% (currently 2.8%), that would benefit CNR and other Energy names (the sector typically holds up well in inflationary environments).
Downside triggers
- If CNR cuts guidance on the next call (currently NEW as of 2026-06-04), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like BTU and NC start missing or guiding lower, the Energy tailwind helping CNR and other Energy names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-071mo agoItem 2.02
Results of Operations and Financial Condition. Core Natural Resources, Inc. (the "Company," "we," "us," or "our") issued a press release on May 7, 2026 announcing its 2026 first quarter results. A copy of the press release is attached to this Form 8-K as Exhibit 99.1. Please refer to our website at www.corenaturalresources.com for additional information regarding the Company. For example, periodically during the quarter, we may provide investor presentations, which would appear on our website…
Earnings preannouncement—
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-1.7 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.