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Companies / Energy / Core Natural Resources, Inc.
CNR

Core Natural Resources, Inc.

EnergyMining
Ticker CNRCANONSBURG, PAFiscal year ends DecemberBook value per share $73.26Diluted shares 50.8M

Core Natural Resources, Inc. (NYSE: CNR) produces and exports metallurgical and thermal coal for steelmakers, industrial users and electric power generators in domestic and international markets. Its operations span underground and surface mines in Pennsylvania, West Virginia, Wyoming and Colorado, supplying coal with… From the company’s description.

In fiscal 2025, Core Natural Resources, Inc. reported revenue of $4.16B, up 86.2% from fiscal 2024, and a net loss of $153.22M. Its operating margin was −4.4%, and operations generated $305.75M in cash. Over the twelve months to Jun 30, 2026, revenue was $4.27B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.16BFY2025
+86.2% year over year
Last 12 mo $4.27B
-4.37%FY2025
−20.1 percentage points
Last 12 mo 1.86%
$-153.22MFY2025
−153.5% year over year
Last 12 mo $100.13M
-4.17%FY2025
−22.4 percentage points
Last 12 mo 2.69%
Cash & financing
$305.75MFY2025
−35.8% year over year
Last 12 mo $565.08M
$21.17MFY2025
−92.9% year over year
Last 12 mo $259.50M
0.12FY2025
Was 0.13× a year earlier
Last 12 mo 0.12
51.4MFY2025
+72.4% year over year
Last 12 mo 50.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Core Natural Resources, Inc. does

In the company’s own words

Core Natural Resources, Inc. (NYSE: CNR) produces and exports metallurgical and thermal coal for steelmakers, industrial users and electric power generators in domestic and international markets. Its operations span underground and surface mines in Pennsylvania, West Virginia, Wyoming and Colorado, supplying coal with different qualities for power generation and industrial uses as well as metallurgical coal for steelmaking. The company also provides coal export services through its wholly owned Core Marine Terminal in Baltimore and holds a 35% interest in Dominion Terminal in Virginia. Its activities are organized around coal mining and terminal operations, alongside innovation initiatives developing carbon products and materials, including carbon foam, composites and battery materials. The business combines CONSOL Energy and Arch Resources, which completed an all-stock merger in January 2025; the company then adopted its current name. As of December 31, 2025, it reported 529.0 million tons of recoverable reserves at the Pennsylvania Mining Complex and 170.2 million tons in the Leer Complex. Its website is http://www.corenaturalresources.com/.

Company details
Sector
Energy
Industry (SIC)
Mining
Headquarters
CANONSBURG, PA
Fiscal year end
December
CIK
1710366
SIC
1220

Financial performance, year by year

Fiscal 2017–2025 · USD
$-595.57M$731.49M$2.06B$3.39B$4.71B201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Core Natural Resources, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

302
funds hold it
1 of 35
superinvestors hold it
$1.99B
held by funds, at market
48.0%
of shares held by funds

Superinvestors in Core Natural Resources, Inc. · what they did last quarter

David EinhornINCREASED +22.9%
DME Capital Management (Greenlight)
4.7%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Core Natural Resources, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.22%of fund net assets
3.69%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.13%of fund net assets
Fidelity Low-Priced Stock Fund
FLPSX · Fidelity Puritan Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Core Natural Resources, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Core Natural Resources, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Core Natural Resources, Inc.'s last four quarterly filings that the numbers alone won't show?”
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