Core Natural Resources Inc. Common Stock (CNR)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses bought at sensible prices, and Core Natural Resources is a complicated turnaround. It mines and exports metallurgical and thermal coal from U.S. operations. Coal is a commodity, so the competitive moat is thin; pricing power comes mainly from cost position, reserves, and logistics, not brand or switching costs. The recent results are much better. In fiscal Q2 2026, the quarter ended 2026-06-30, filed revenue was $1.1B, net income was $126.5M, and diluted EPS was $2.51. That compares with fiscal Q2 2025, the quarter ended 2025-06-30, when net income was -$36.6M and diluted EPS was -$0.70. Fiscal 2025, the year ended 2025-12-31, still showed a net loss of $153.2M and diluted EPS of -$2.98. Fiscal 2024, the year ended 2024-12-31, had net income of $286.4M, and fiscal 2023, the year ended 2023-12-31, had net income of $655.9M. So earnings are volatile. Financial health has some support. FairStock calculates debt-to-equity of 0.12, a Piotroski F-score of 9/9, and trailing free cash flow of $259.5M, a 5.7% FCF yield. But returns are weak: FairStock's ROE is 2.67% and ROCE is -0.93%, while Altman Z-score is 1.73. Valuation is not Graham-like. At the 2026-10-13 close of $91.54, FairStock's P/E is 46.00, P/B is 1.23, Graham Number is $57.79, and margin of safety is -58.40%. The market is already paying for a successful turnaround. I would want proof that fiscal Q2 2026 profitability persists before calling this a bargain.

In plain English: Core Natural Resources mines and sells coal, mostly for steelmaking and power, in the United States and other countries. The business looks uneven: it lost money in fiscal 2025 but earned a profit in the most recent quarter. At $91.54, the stock looks expensive compared with its earnings and asset value, so it is not an obvious bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer