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Core Natural Resources (CNR) Financials

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$98.21 +1.23 (+1.27%)
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Annual Income Statements for Core Natural Resources

Annual Income Statements for Core Natural Resources

This table shows Core Natural Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 307 41 68 153 76 -9.76 34 467 656 286 -153
Consolidated Net Income / (Loss)		 317 50 83 179 94 -13 34 467 656 286 -153
Net Income / (Loss) Continuing Operations		 317 50 83 179 94 -13 34 467 656 286 -153
Total Pre-Tax Income 		443 65 170 188 98 -9.24 35 568 778 331 -234
Total Operating Income		 1,150 79 196 271 111 -75 60 597 803 351 -182
Total Gross Profit		 1,422 1,231 1,395 1,531 1,376 879 1,209 2,043 1,129 733 620
Total Revenue		 1,422 1,231 1,395 1,531 1,376 879 1,209 2,043 2,507 2,164 4,165
Operating Revenue		 1,422 1,231 1,395 1,473 1,376 879 1,209 2,043 2,507 2,164 4,165
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,378 1,431 3,545
Operating Cost of Revenue		 - - - - - - - - 1,378 1,431 3,545
Total Operating Expenses		 272 1,152 1,199 1,260 1,264 954 1,148 1,446 326 382 802
Selling, General & Admin Expense		 56 927 970 1,012 1,015 740 832 1,066 103 115 215
Depreciation Expense		 195 178 172 201 207 211 225 227 241 224 621
Other Operating Expenses / (Income)		 20 46 74 44 44 40 104 188 -19 43 -34
Total Other Income / (Expense), net		 -707 -14 -26 -84 -13 66 -25 -28 -25 -20 -52
Interest Expense		 7.54 14 26 84 66 61 63 53 32 22 52
Interest & Investment Income		 - - - - - - - - 14 19 26
Other Income / (Expense), net		 -700 - - - 53 127 38 24 -7.01 -17 -26
Income Tax Expense		 126 15 87 8.83 4.54 3.97 1.30 101 122 44 -80
Basic Earnings per Share		 $10.98 $1.48 $2.42 $5.48 $2.82 ($0.37) $0.99 $13.41 $19.91 $9.65 ($2.98)
Weighted Average Basic Shares Outstanding		 - 28M 27.97M 27.93M 25.93M 34.03M 34.48M 34.75M 29.60M 54.02M 50.98M
Diluted Earnings per Share		 $10.98 $1.48 $2.40 $5.38 $2.81 ($0.37) $0.96 $13.07 $19.79 $9.61 ($2.98)
Weighted Average Diluted Shares Outstanding		 - 28M 27.97M 27.93M 25.93M 34.03M 34.48M 34.75M 29.60M 54.02M 50.98M
Weighted Average Basic & Diluted Shares Outstanding		 - 28M 27.97M 27.93M 25.93M 34.03M 34.48M 34.75M 29.60M 54.02M 50.98M
Cash Dividends to Common per Share		 - - - - - $0.00 $0.00 $2.05 $2.20 $0.50 $0.40

Quarterly Income Statements for Core Natural Resources

This table shows Core Natural Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 157 102 58 96 31 -69 -37 32 -79 21 126
Consolidated Net Income / (Loss)		 157 102 58 96 31 -69 -37 32 -79 21 126
Net Income / (Loss) Continuing Operations		 157 102 58 96 31 -69 -37 32 -79 21 126
Total Pre-Tax Income 		179 119 67 113 32 -73 -29 -21 -109 21 143
Total Operating Income		 131 124 72 117 -42 -54 -19 -12 -97 33 156
Total Gross Profit		 587 193 147 199 508 147 190 175 108 205 252
Total Revenue		 587 547 491 553 508 1,017 1,102 1,003 1,042 1,084 1,141
Operating Revenue		 587 547 491 553 508 1,017 1,102 1,003 1,042 1,084 1,141
Total Cost of Revenue		 - 354 344 354 - 870 913 827 934 879 889
Operating Cost of Revenue		 - 354 344 354 - 870 913 827 934 879 889
Total Operating Expenses		 456 69 75 82 550 201 209 187 205 172 96
Selling, General & Admin Expense		 330 21 21 36 423 89 35 34 106 36 27
Depreciation Expense		 58 57 55 53 58 122 169 151 179 146 167
Other Operating Expenses / (Income)		 77 -9.02 -0.90 -7.69 75 -9.86 4.95 1.74 -80 -10.00 -97
Total Other Income / (Expense), net		 48 -5.31 -4.77 -4.05 74 -20 -10 -9.59 -12 -12 -13
Interest Expense		 5.25 5.41 4.99 4.66 7.13 20 10 11 11 11 12
Interest & Investment Income		 - 4.50 4.63 5.02 - 6.32 6.40 7.58 5.59 4.75 4.51
Other Income / (Expense), net		 - -4.40 -4.40 -4.40 - -6.20 -6.54 -6.56 -6.43 -5.65 -5.66
Income Tax Expense		 22 17 9.03 18 0.83 -4.22 7.12 -53 -30 -0.43 17
Basic Earnings per Share		 $5.09 $3.40 $1.96 $3.23 $1.06 ($1.38) ($0.70) $0.61 ($1.51) $0.41 $2.51
Weighted Average Basic Shares Outstanding		 29.60M 29.39M 29.39M 29.39M 54.02M 52.66M 51.47M 51.24M 50.98M 50.41M 49.64M
Diluted Earnings per Share		 $5.19 $3.39 $1.96 $3.22 $1.04 ($1.38) ($0.70) $0.61 ($1.51) $0.41 $2.51
Weighted Average Diluted Shares Outstanding		 29.60M 29.39M 29.39M 29.39M 54.02M 52.66M 51.47M 51.24M 50.98M 50.41M 49.64M
Weighted Average Basic & Diluted Shares Outstanding		 29.60M 29.39M 29.39M 29.39M 54.02M 52.66M 51.47M 51.24M 50.98M 50.41M 49.64M
Cash Dividends to Common per Share		 - $0.00 $0.00 $0.25 $0.25 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10

Annual Cash Flow Statements for Core Natural Resources

This table details how cash moves in and out of Core Natural Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 6.50 6.67 -651 111 -185 -29 147 129 -84 204 154
Net Cash From Operating Activities		 292 329 248 414 245 129 306 651 858 476 306
Net Cash From Continuing Operating Activities		 292 329 248 414 245 129 306 651 858 476 306
Net Income / (Loss) Continuing Operations		 317 50 83 179 94 -13 34 467 656 286 -153
Consolidated Net Income / (Loss)		 317 50 83 179 94 -13 34 467 656 286 -153
Depreciation Expense		 195 178 172 201 207 211 225 227 241 224 621
Non-Cash Adjustments To Reconcile Net Income		 -4.62 7.67 4.87 14 35 -24 -5.10 -17 5.84 5.36 57
Changes in Operating Assets and Liabilities, net		 -216 93 -12 11 -98 -52 43 -34 -45 -39 -220
Net Cash From Investing Activities		 -130 -46 -57 -154 -173 -76 -127 -142 -259 -165 48
Net Cash From Continuing Investing Activities		 -130 -46 -57 -154 -173 -76 -127 -142 -259 -165 48
Purchase of Property, Plant & Equipment		 -143 -54 -81 -146 -170 -86 -133 -172 -168 -178 -300
Purchase of Investments		 - - - - - - 0.00 0.00 -201 -67 -103
Sale of Property, Plant & Equipment		 13 7.84 25 2.10 2.20 9.90 14 22 4.26 7.40 7.51
Divestitures		 - - - - - - - - 0.00 0.00 369
Sale and/or Maturity of Investments		 - - - - - - 0.00 0.00 123 101 80
Other Investing Activities, net		 - 0.00 0.00 -10 -5.00 -0.23 -8.18 7.79 -18 -28 -5.41
Net Cash From Financing Activities		 -155 -277 -51 -149 -257 -82 -31 -380 -682 -107 -200
Net Cash From Continuing Financing Activities		 -155 -277 -843 -149 -257 -82 -31 -380 -682 -107 -200
Repayment of Debt		 -22 -0.48 -36 -76 -208 -67 -76 -278 -169 -0.96 -35
Repurchase of Preferred Equity		 - - - - - - - - 0.00 -3.75 -0.93
Repurchase of Common Equity		 - 0.00 0.00 -26 -33 - 0.00 0.00 -399 -71 -224
Payment of Dividends		 -466 -293 -178 -22 -22 -5.58 0.00 -71 -75 -16 -26
Issuance of Debt		 - 0.43 0.00 0.00 30 0.00 75 - 0.00 0.00 114
Other Financing Activities, net		 185 16 -628 -25 -24 -9.84 -30 -31 -38 -16 -28

Quarterly Cash Flow Statements for Core Natural Resources

This table details how cash moves in and out of Core Natural Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 27 -26 40 113 78 132 28 4.68 -10 -18 62
Net Cash From Operating Activities		 219 77 116 161 121 -110 220 88 107 119 250
Net Cash From Continuing Operating Activities		 219 77 116 161 121 -110 220 88 107 119 250
Net Income / (Loss) Continuing Operations		 157 102 58 96 31 -69 -37 32 -79 21 126
Consolidated Net Income / (Loss)		 157 102 58 96 31 -69 -37 32 -79 21 126
Depreciation Expense		 58 57 55 53 58 122 169 151 179 146 167
Non-Cash Adjustments To Reconcile Net Income		 -1.16 -1.74 0.79 1.21 1.35 45 3.86 9.91 -0.14 4.85 9.79
Changes in Operating Assets and Liabilities, net		 3.85 -81 1.63 10 30 -207 85 -105 7.19 -53 -53
Net Cash From Investing Activities		 -64 -36 -59 -39 -30 283 -100 -51 -84 -80 -107
Net Cash From Continuing Investing Activities		 -64 -36 -59 -39 -30 283 -100 -51 -84 -80 -107
Purchase of Property, Plant & Equipment		 -50 -42 -55 -39 -41 -66 -100 -49 -86 -80 -105
Purchase of Investments		 -41 -15 -7.80 -24 -25 -103 - - - 0.00 -0.81
Sale of Property, Plant & Equipment		 -1.99 6.19 0.76 0.37 0.08 6.00 0.22 0.30 1.00 9.21 0.18
Other Investing Activities, net		 -9.85 -0.35 -1.78 - -22 -2.54 -0.61 -2.19 1.43 -9.10 -1.41
Net Cash From Financing Activities		 -128 -68 -17 -9.34 -13 -42 -92 -32 -34 -58 -81
Net Cash From Continuing Financing Activities		 -128 -68 -17 -9.34 -13 -42 -92 -32 -34 -58 -81
Repayment of Debt		 -0.22 -0.25 -0.46 -0.20 -0.05 -27 -1.48 -4.20 -1.71 -1.71 -1.93
Repurchase of Common Equity		 -122 -58 -13 - - -101 -82 -19 -22 -42 -63
Payment of Dividends		 - -0.58 -0.52 -7.35 -7.41 -11 -5.22 -5.13 -5.21 -5.11 -5.03
Other Financing Activities, net		 -5.93 -8.96 -3.04 -1.80 -1.85 -17 -2.83 -3.28 -5.20 -8.86 -9.17

Annual Balance Sheets for Core Natural Resources

This table presents Core Natural Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,687 2,707 2,761 2,694 2,523 2,574 2,704 2,675 2,880 6,130
Total Current Assets		 200 399 474 338 293 386 598 601 786 1,340
Cash & Equivalents		 13 154 236 80 51 150 273 199 408 432
Accounts Receivable		 119 168 129 173 160 116 197 160 163 403
Inventories, net		 50 53 49 54 56 63 66 88 96 375
Other Current Assets		 - - - - - - - - 67 130
Plant, Property, & Equipment, net		 2,180 2,122 2,107 2,092 2,049 1,979 1,960 1,903 1,922 4,387
Total Noncurrent Assets		 307 186 180 264 181 209 146 171 172 403
Employee Benefit Assets		 - - - - 0.00 39 39 47 42 50
Other Noncurrent Operating Assets		 307 186 103 87 59 113 107 124 130 353
Total Liabilities & Shareholders' Equity		 2,687 2,707 2,761 2,694 2,523 2,574 2,704 2,675 2,880 6,130
Total Liabilities		 1,887 2,363 2,209 2,121 1,970 1,901 1,539 1,332 1,311 2,452
Total Current Liabilities		 379 422 492 392 368 445 449 444 519 838
Short-Term Debt		 4.08 22 135 50 54 57 29 11 113 98
Accounts Payable		 83 109 131 106 71 77 130 137 144 336
Accrued Expenses		 292 291 226 236 223 252 270 291 262 404
Total Noncurrent Liabilities		 1,508 1,941 1,717 1,729 1,601 1,455 1,090 888 793 1,614
Long-Term Debt		 302 857 709 654 567 568 342 182 80 354
Asset Retirement Reserve & Litigation Obligation		 246 228 236 250 228 211 222 213 212 496
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - 0.00 22 36 49 130
Noncurrent Employee Benefit Liabilities		 825 674 565 746 717 414 294 423 232 278
Other Noncurrent Operating Liabilities		 123 174 182 70 53 236 197 30 204 355
Commitments & Contingencies		 - - - - - - - - - 0.00
Total Equity & Noncontrolling Interests		 800 344 552 572 554 673 1,166 1,343 1,568 3,678
Total Preferred & Common Equity		 658 204 410 435 554 673 1,166 1,343 1,568 3,678
Total Common Equity		 658 204 410 435 554 673 1,166 1,343 1,568 3,678
Common Stock		 0.00 553 551 524 643 647 647 548 541 2,983
Retained Earnings		 0.00 -44 182 260 247 281 669 944 1,162 818
Accumulated Other Comprehensive Income / (Loss)		 -400 -305 -323 -349 -337 -255 -150 -149 -135 -123

Quarterly Balance Sheets for Core Natural Resources

This table presents Core Natural Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 2,695 2,678 2,660 2,680 2,710 2,824 6,252 6,209 6,196 6,056 6,122
Total Current Assets		 612 578 579 614 621 745 1,333 1,272 1,400 1,271 1,375
Cash & Equivalents		 193 190 168 173 216 332 388 413 445 413 473
Accounts Receivable		 186 124 159 180 160 145 428 338 375 407 441
Inventories, net		 96 98 98 109 98 117 388 377 408 369 381
Other Current Assets		 - 66 73 69 65 67 128 144 173 82 80
Plant, Property, & Equipment, net		 1,940 1,932 1,917 1,895 1,911 1,909 4,519 4,475 4,390 4,375 4,352
Total Noncurrent Assets		 143 168 163 172 178 170 400 462 405 410 395
Employee Benefit Assets		 42 45 48 49 50 52 43 44 46 51 53
Other Noncurrent Operating Assets		 101 124 115 123 128 118 357 417 359 358 342
Total Liabilities & Shareholders' Equity		 2,695 2,678 2,660 2,680 2,710 2,824 6,252 6,209 6,196 6,056 6,122
Total Liabilities		 1,414 1,343 1,351 1,291 1,272 1,295 2,356 2,441 2,417 2,399 2,403
Total Current Liabilities		 442 414 454 417 400 540 704 714 770 747 753
Short-Term Debt		 25 19 16 8.55 6.01 112 37 57 84 43 42
Accounts Payable		 121 122 132 139 137 145 299 271 286 315 329
Accrued Expenses		 293 268 301 265 253 282 368 386 400 388 382
Total Noncurrent Liabilities		 972 929 897 874 872 755 1,652 1,727 1,647 1,652 1,650
Long-Term Debt		 253 207 183 182 182 79 313 313 313 412 405
Asset Retirement Reserve & Litigation Obligation		 221 224 221 212 213 208 463 492 492 495 483
Noncurrent Deferred & Payable Income Tax Liabilities		 22 21 21 36 36 37 211 219 158 130 147
Noncurrent Employee Benefit Liabilities		 293 291 289 421 264 410 307 307 304 279 278
Other Noncurrent Operating Liabilities		 173 179 176 19 174 15 341 376 359 336 337
Commitments & Contingencies		 - - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 1,281 1,335 1,309 1,389 1,438 1,529 3,896 3,768 3,779 3,657 3,719
Total Preferred & Common Equity		 1,281 1,335 1,309 1,389 1,438 1,529 3,896 3,768 3,779 3,657 3,719
Total Common Equity		 1,281 1,335 1,309 1,389 1,438 1,529 3,896 3,768 3,779 3,657 3,719
Common Stock		 616 596 569 536 536 538 3,019 2,993 2,992 2,979 2,968
Retained Earnings		 815 891 892 1,001 1,051 1,139 1,011 908 920 801 872
Accumulated Other Comprehensive Income / (Loss)		 -150 -151 -152 -149 -148 -148 -134 -134 -133 -122 -121

Annual Metrics And Ratios for Core Natural Resources

This table displays calculated financial ratios and metrics derived from Core Natural Resources' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -13.42% 13.31% 9.81% -10.18% -36.07% 37.45% 69.01% 22.69% -14.28% 92.42%
EBITDA Growth		 0.00% -60.18% 43.42% 30.55% -21.49% -28.55% 22.85% 158.00% 23.09% -44.96% -25.82%
EBIT Growth		 0.00% -82.45% 147.76% 38.57% -39.38% -68.43% 90.11% 528.95% 29.97% -56.29% -162.28%
NOPAT Growth		 0.00% -92.55% 55.26% 171.56% -59.00% -149.46% 210.84% 743.11% 29.68% -62.92% -141.92%
Net Income Growth		 0.00% -84.11% 63.67% 116.53% -47.67% -114.12% 358.14% 1,269.04% 40.45% -56.33% -153.50%
EPS Growth		 0.00% -86.52% 62.16% 124.17% -47.77% -113.17% 359.46% 1,261.46% 51.42% -51.44% -131.01%
Operating Cash Flow Growth		 0.00% 12.83% -24.61% 66.67% -40.86% -47.12% 136.27% 113.04% 31.79% -44.47% -35.82%
Free Cash Flow Firm Growth		 0.00% 0.00% 111.73% 47.45% -68.64% -112.06% 1,205.65% 371.29% 83.75% -70.70% -1,113.56%
Invested Capital Growth		 0.00% 0.00% -2.45% 7.27% 4.28% -3.79% -1.49% 11.79% -1.38% 3.52% 181.11%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 3.14% -4.78% -6.39% 18.57% 10.05% -1.62% -3.57% 13.17%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 9.29% -4.49% 42.95% 201.16% 16.90% -5.20% -13.71% -7.92%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 14.11% -14.25% 274.98% 181.48% 24.57% -6.63% -20.69% -304.68%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 82.13% -44.70% -152.45% 168.54% 24.55% -11.31% -38.64% -44.59%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 65.37% -23.43% -25.29% 149.81% 19.35% -5.20% -30.59% -252.92%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 150.00% 18.28% -1.10% -30.16% -593.02%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -24.89% 1.68% -20.20% 54.39% -4.54% 17.91% 8.58% -17.04% -4.38%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -36.01% 80.49% -54.10% 19.87% 28.74% -43.66% 0.84%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 6.03% 0.99% -3.97% 19.19% 21.00% -0.42% -0.42% -1.44%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 14.89%
EBITDA Margin		 45.43% 20.90% 26.45% 31.45% 27.49% 30.72% 27.46% 41.91% 42.05% 27.00% 9.92%
Operating Margin		 80.90% 6.42% 14.05% 17.73% 8.08% -8.52% 4.99% 29.21% 30.08% 12.67% -4.37%
EBIT Margin		 31.69% 6.42% 14.05% 17.73% 11.96% 5.91% 8.17% 30.40% 32.20% 16.42% -4.99%
Profit (Net Income) Margin		 22.33% 4.10% 5.92% 11.67% 6.80% -1.50% 2.82% 22.86% 26.17% 13.33% -3.68%
Tax Burden Percent		 71.65% 77.60% 48.63% 95.29% 95.37% 142.98% 96.34% 82.15% 84.32% 86.62% 65.56%
Interest Burden Percent		 98.33% 82.23% 86.68% 69.11% 59.61% -17.79% 35.86% 91.52% 96.37% 93.71% 112.47%
Effective Tax Rate		 28.35% 22.40% 51.37% 4.71% 4.63% 0.00% 3.66% 17.85% 15.68% 13.38% 0.00%
Return on Invested Capital (ROIC)		 0.00% 11.11% 8.73% 23.17% 8.99% -4.44% 5.05% 40.53% 50.13% 18.40% -5.08%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 3.95% 6.29% 11.22% 6.96% 1.90% 0.58% 32.52% 199.74% -10.65% 17.11%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 1.50% 5.71% 16.77% 7.66% 2.09% 0.51% 10.27% 2.15% 1.28% -0.76%
Return on Equity (ROE)		 0.00% 12.61% 14.44% 39.94% 16.65% -2.35% 5.56% 50.80% 52.28% 19.67% -5.84%
Cash Return on Invested Capital (CROIC)		 0.00% -188.89% 11.22% 16.16% 4.79% -0.58% 6.56% 29.39% 51.52% 14.94% -100.13%
Operating Return on Assets (OROA)		 0.00% 2.94% 7.26% 9.93% 6.03% 1.99% 3.87% 23.54% 30.01% 12.70% -4.61%
Return on Assets (ROA)		 0.00% 1.88% 3.06% 6.54% 3.43% -0.51% 1.34% 17.70% 24.39% 10.31% -3.40%
Return on Common Equity (ROCE)		 0.00% 10.36% 10.88% 27.40% 12.52% -2.06% 5.56% 50.80% 52.28% 19.67% -5.84%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 7.67% 40.42% 43.61% 21.50% -2.39% 5.07% 40.06% 48.82% 18.26% 0.00%
Net Operating Profit after Tax (NOPAT)		 824 61 95 259 106 -52 58 490 636 236 -127
NOPAT Margin		 57.96% 4.98% 6.83% 16.89% 7.71% -5.96% 4.81% 24.00% 25.36% 10.97% -3.06%
Net Nonoperating Expense Percent (NNEP)		 0.00% 7.16% 2.44% 11.94% 2.02% -6.34% 4.47% 8.00% -149.61% 29.05% -22.19%
Return On Investment Capital (ROIC_SIMPLE)		 - 5.49% 7.74% 18.21% 8.25% -4.33% 4.39% 31.63% 41.26% 13.27% -3.09%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 85.11%
SG&A Expenses to Revenue		 3.92% 75.33% 69.57% 66.07% 73.80% 84.18% 68.86% 52.17% 48.81% 64.50% 5.16%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.10% 93.58% 85.95% 82.27% 91.92% 108.52% 95.01% 70.79% 69.92% 87.33% 19.26%
Earnings before Interest and Taxes (EBIT)		 451 79 196 271 165 52 99 621 807 353 -208
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 646 257 369 482 378 270 332 856 1,054 580 413
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 4.93 1.96 0.79 0.31 1.06 1.86 2.31 2.00 1.23
Price to Tangible Book Value (P/TBV)		 0.00 0.00 4.93 1.96 0.79 0.31 1.06 1.86 2.31 2.00 1.23
Price to Revenue (P/Rev)		 0.00 0.00 0.72 0.52 0.25 0.19 0.59 1.06 1.24 1.46 1.09
Price to Earnings (P/E)		 0.00 0.00 14.90 5.25 4.51 0.00 20.94 4.65 4.73 10.95 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.98% 5.30% 0.47% 0.45%
Earnings Yield		 0.00% 0.00% 6.71% 19.04% 22.17% 0.00% 4.78% 21.50% 21.13% 9.13% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.75 1.34 0.92 0.67 1.04 1.79 2.40 2.21 1.23
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.35 1.01 0.81 0.88 0.98 1.12 1.20 1.34 1.09
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 5.10 3.22 2.94 2.88 3.57 2.67 2.86 4.97 11.02
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 9.60 5.71 6.76 14.96 11.99 3.68 3.74 8.17 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 19.75 5.99 10.49 0.00 20.36 4.66 4.75 12.23 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 7.58 3.75 4.55 6.01 3.87 3.51 3.52 6.05 14.90
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 15.37 8.59 19.67 0.00 15.69 6.42 4.62 15.06 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.40 2.58 1.58 1.25 1.19 0.97 0.33 0.15 0.13 0.12
Long-Term Debt to Equity		 0.00 0.39 2.52 1.33 1.16 1.09 0.88 0.30 0.14 0.06 0.10
Financial Leverage		 0.00 0.38 0.91 1.49 1.10 1.10 0.88 0.32 0.01 -0.12 -0.04
Leverage Ratio		 0.00 3.36 4.72 6.11 4.85 4.63 4.16 2.87 2.14 1.91 1.72
Compound Leverage Factor		 0.00 2.76 4.09 4.22 2.89 -0.82 1.49 2.63 2.07 1.79 1.93
Debt to Total Capital		 0.00% 28.42% 72.09% 61.17% 55.47% 54.27% 49.21% 24.79% 12.80% 11.69% 10.95%
Short-Term Debt to Total Capital		 0.00% 0.36% 1.83% 9.49% 3.91% 4.45% 4.33% 1.86% 0.72% 6.36% 2.38%
Long-Term Debt to Total Capital		 0.00% 28.06% 70.27% 51.68% 51.56% 49.82% 44.89% 22.92% 12.08% 5.34% 8.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 12.75% 11.32% 9.97% 10.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 58.83% 16.59% 28.86% 33.85% 45.73% 50.79% 75.21% 87.20% 88.31% 89.05%
Debt to EBITDA		 0.00 1.24 2.41 1.80 1.89 2.43 1.96 0.45 0.19 0.36 1.09
Net Debt to EBITDA		 0.00 1.18 1.99 1.25 1.67 2.24 1.41 0.13 -0.08 -0.44 0.05
Long-Term Debt to EBITDA		 0.00 1.22 2.35 1.52 1.75 2.23 1.79 0.42 0.18 0.16 0.86
Debt to NOPAT		 0.00 5.18 9.32 3.36 6.72 -12.52 11.21 0.78 0.31 0.88 -3.55
Net Debt to NOPAT		 0.00 4.96 7.70 2.34 5.97 -11.55 8.07 0.23 -0.13 -1.07 -0.16
Long-Term Debt to NOPAT		 0.00 5.11 9.08 2.84 6.25 -11.50 10.23 0.72 0.29 0.40 -2.78
Altman Z-Score		 0.00 0.00 0.98 1.18 0.92 0.57 0.95 2.77 3.90 3.26 1.96
Noncontrolling Interest Sharing Ratio		 0.00% 17.81% 24.64% 31.39% 24.81% 12.19% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.53 0.95 0.96 0.86 0.80 0.87 1.33 1.35 1.52 1.60
Quick Ratio		 0.00 0.35 0.76 0.74 0.64 0.57 0.60 1.05 1.00 1.20 1.00
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,043 122 180 57 -6.82 75 356 653 191 -2,510
Operating Cash Flow to CapEx		 223.91% 719.23% 436.58% 287.88% 145.98% 169.94% 256.39% 434.09% 524.62% 279.26% 104.42%
Free Cash Flow to Firm to Interest Expense		 0.00 -74.23 4.69 2.15 0.85 -0.11 1.19 6.75 22.28 8.63 -48.46
Operating Cash Flow to Interest Expense		 38.67 23.42 9.51 4.93 3.68 2.11 4.82 12.37 29.26 21.47 5.90
Operating Cash Flow Less CapEx to Interest Expense		 21.40 20.16 7.33 3.22 1.16 0.87 2.94 9.52 23.68 13.78 0.25
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.46 0.52 0.56 0.50 0.34 0.47 0.77 0.93 0.77 0.92
Accounts Receivable Turnover		 0.00 10.34 9.71 10.31 9.12 5.28 8.75 13.08 14.04 13.30 14.72
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.05
Fixed Asset Turnover		 0.00 0.56 0.65 0.72 0.66 0.42 0.60 1.04 1.30 1.12 1.32
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.79
Days Sales Outstanding (DSO)		 0.00 35.31 37.58 35.40 40.02 69.13 41.70 27.90 25.99 27.44 24.79
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.25
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.67
Cash Conversion Cycle (CCC)		 0.00 35.31 37.58 35.40 40.02 69.13 41.70 27.90 25.99 27.44 24.37
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 1,105 1,077 1,156 1,205 1,160 1,142 1,277 1,259 1,304 3,699
Invested Capital Turnover		 0.00 2.23 1.28 1.37 1.17 0.74 1.05 1.69 1.98 1.68 1.66
Increase / (Decrease) in Invested Capital		 0.00 1,105 -27 78 49 -46 -17 135 -18 44 2,383
Enterprise Value (EV)		 0.00 0.00 1,881 1,549 1,113 777 1,184 2,283 3,019 2,883 4,556
Market Capitalization		 0.00 0.00 1,008 803 343 171 714 2,172 3,103 3,136 4,535
Book Value per Share		 $0.00 $23.49 $7.30 $14.76 $16.80 $21.26 $19.51 $33.43 $43.32 $53.35 $71.79
Tangible Book Value per Share		 $0.00 $23.49 $7.30 $14.76 $16.80 $21.26 $19.51 $33.43 $43.32 $53.35 $71.79
Total Capital		 0.00 1,118 1,231 1,421 1,286 1,210 1,325 1,550 1,541 1,776 4,131
Total Debt		 0.00 318 888 869 713 657 652 384 197 208 452
Total Long-Term Debt		 0.00 314 865 734 663 603 595 355 186 95 354
Net Debt		 0.00 304 734 604 633 606 469 111 -84 -253 20
Capital Expenditures (CapEx)		 130 46 57 144 168 76 119 150 164 171 293
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -188 -154 -148 -84 -73 -184 -95 -113 -80 168
Debt-free Net Working Capital (DFNWC)		 0.00 -175 -0.49 117 -3.96 -22 -1.56 179 168 380 600
Net Working Capital (NWC)		 0.00 -179 -23 -18 -54 -76 -59 150 157 267 502
Net Nonoperating Expense (NNE)		 507 11 13 80 13 -39 24 23 -20 -51 26
Net Nonoperating Obligations (NNO)		 0.00 304 734 604 633 606 469 111 -84 -265 20
Total Depreciation and Amortization (D&A)		 195 178 173 210 214 218 233 235 247 227 621
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -15.29% -11.08% -9.69% -6.13% -8.25% -15.23% -4.63% -4.50% -3.73% 4.04%
Debt-free Net Working Capital to Revenue		 0.00% -14.21% -0.03% 7.61% -0.29% -2.47% -0.13% 8.74% 6.72% 17.69% 14.41%
Net Working Capital to Revenue		 0.00% -14.54% -1.65% -1.19% -3.94% -8.59% -4.87% 7.33% 6.27% 12.44% 12.05%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $10.98 $1.48 $2.42 $5.48 $2.82 ($0.37) $0.99 $13.41 $19.91 $9.65 ($2.98)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 28M 28.07M 27.44M 25.93M 34.03M 34.48M 34.75M 29.60M 54.02M 50.98M
Adjusted Diluted Earnings per Share		 $10.98 $1.48 $2.40 $5.38 $2.81 ($0.37) $0.96 $13.07 $19.79 $9.61 ($2.98)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 28M 28.07M 27.44M 25.93M 34.03M 34.48M 34.75M 29.60M 54.02M 50.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 28M 28.07M 27.44M 25.93M 34.03M 34.48M 34.75M 29.60M 54.02M 50.98M
Normalized Net Operating Profit after Tax (NOPAT)		 824 61 125 262 104 -78 46 462 628 230 -127
Normalized NOPAT Margin		 57.96% 4.98% 8.97% 17.10% 7.57% -8.88% 3.82% 22.60% 25.06% 10.69% -3.06%
Pre Tax Income Margin		 31.16% 5.28% 12.17% 12.25% 7.13% -1.05% 2.93% 27.82% 31.03% 15.39% -5.61%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 59.73 5.63 7.51 3.24 2.48 0.85 1.56 11.80 27.53 15.90 -4.01
NOPAT to Interest Expense		 109.24 4.37 3.65 3.09 1.60 -0.86 0.92 9.31 21.68 10.62 -2.46
EBIT Less CapEx to Interest Expense		 42.46 2.37 5.33 1.52 -0.04 -0.39 -0.32 8.95 21.95 8.21 -9.66
NOPAT Less CapEx to Interest Expense		 91.97 1.11 1.47 1.37 -0.92 -2.10 -0.96 6.46 16.10 2.94 -8.11
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 146.84% 580.03% 216.05% 12.45% 23.75% -42.19% 0.00% 15.31% 11.51% 5.54% -17.14%
Augmented Payout Ratio		 146.84% 580.03% 216.05% 26.91% 58.74% -42.19% 0.00% 15.31% 72.40% 30.29% -163.51%

Quarterly Metrics And Ratios for Core Natural Resources

This table displays calculated financial ratios and metrics derived from Core Natural Resources' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 50,979,544.00 50,407,610.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 50,979,544.00 50,407,610.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.41 2.51
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.57% -17.94% -24.18% 0.88% -13.54% 86.10% 124.64% 81.15% 81.75% 6.57% 3.51%
EBITDA Growth		 -38.34% -47.06% -54.04% -8.62% -90.85% -64.74% 17.31% -20.17% -17.74% 182.14% 120.85%
EBIT Growth		 -47.36% -56.02% -66.07% -8.23% -132.02% -150.24% -138.23% -116.28% -407.12% 145.02% 682.00%
NOPAT Growth		 -41.95% -55.44% -64.06% -6.26% -135.50% -135.45% -121.67% -108.35% -284.22% 188.48% 1,122.32%
Net Income Growth		 -18.63% -55.77% -65.38% -5.06% -80.38% -167.99% -162.96% -66.96% -356.26% 130.38% 445.95%
EPS Growth		 -4.07% -48.24% -60.32% 3.54% -79.96% -140.71% -135.71% -81.06% -245.19% 129.71% 458.57%
Operating Cash Flow Growth		 44.83% -68.82% -48.91% -0.86% -44.64% -241.50% 89.36% -45.50% -11.54% 208.90% 13.76%
Free Cash Flow Firm Growth		 109.40% 117.45% 110.67% 153.49% -164.21% -7,855.39% -21,788.97% -4,587.65% -12,487.72% 108.07% 107.83%
Invested Capital Growth		 -1.38% 5.83% 3.99% 3.51% 3.52% 191.81% 181.66% 186.65% 181.11% -4.52% -1.40%
Revenue Q/Q Growth		 3.04% -3.77% -11.31% 14.71% -11.69% 100.40% 8.35% -9.05% 3.98% 4.01% 5.23%
EBITDA Q/Q Growth		 1.00% -4.28% -29.77% 34.59% -89.89% 259.84% 129.12% -7.55% -42.91% 128.92% 82.78%
EBIT Q/Q Growth		 1.89% -5.12% -41.94% 63.48% -135.55% -43.50% 57.10% 28.76% -463.44% 126.14% 454.67%
NOPAT Q/Q Growth		 8.17% -7.28% -41.44% 59.62% -140.96% 7.48% 64.29% 38.66% -722.08% 149.13% 312.62%
Net Income Q/Q Growth		 55.94% -35.13% -43.02% 64.71% -67.77% -324.77% 47.23% 186.44% -349.96% 126.64% 500.96%
EPS Q/Q Growth		 66.88% -34.68% -42.18% 64.29% -67.70% -232.69% 49.28% 187.14% -347.54% 127.15% 512.20%
Operating Cash Flow Q/Q Growth		 34.66% -64.64% 50.05% 38.76% -24.81% -190.38% 300.81% -60.07% 22.06% 11.27% 109.75%
Free Cash Flow Firm Q/Q Growth		 228.54% -74.79% -65.89% 383.90% -254.29% -2,937.17% 6.00% -0.92% 0.03% 108.51% -8.81%
Invested Capital Q/Q Growth		 -0.42% 5.43% 0.16% -1.57% -0.42% 197.20% -3.32% 0.18% -1.44% 0.02% -0.16%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 14.46% 17.22% 17.46% 10.36% 18.92% 22.09%
EBITDA Margin		 32.39% 32.22% 25.52% 29.94% 3.43% 6.15% 13.02% 13.23% 7.26% 15.99% 27.77%
Operating Margin		 22.28% 21.97% 14.38% 20.50% -8.25% -5.30% -1.75% -1.18% -9.31% 3.02% 13.65%
EBIT Margin		 22.28% 21.97% 14.38% 20.50% -8.25% -5.91% -2.34% -1.83% -9.93% 2.50% 13.15%
Profit (Net Income) Margin		 26.75% 18.03% 11.59% 16.64% 6.07% -6.81% -3.32% 3.15% -7.58% 1.94% 11.08%
Tax Burden Percent		 87.82% 85.81% 86.54% 84.50% 97.37% 94.26% 124.17% -147.65% 72.21% 102.07% 88.46%
Interest Burden Percent		 136.70% 95.65% 93.07% 96.04% -75.57% 122.26% 114.15% 116.48% 105.66% 76.19% 95.25%
Effective Tax Rate		 12.18% 14.19% 13.46% 15.50% 2.63% 0.00% 0.00% 0.00% 0.00% -2.07% 11.54%
Return on Invested Capital (ROIC)		 38.68% 34.80% 21.22% 29.99% -13.47% -3.74% -1.56% -1.20% -10.83% 3.44% 13.86%
ROIC Less NNEP Spread (ROIC-NNEP)		 351.25% 45.41% 26.46% 32.97% -54.54% 72.74% 33.85% -33.51% -1.34% -114.29% 61.58%
Return on Net Nonoperating Assets (RNNOA)		 3.78% -1.49% -1.57% -3.07% 6.53% -1.14% -0.85% 1.56% 0.06% -0.32% -0.39%
Return on Equity (ROE)		 42.45% 33.31% 19.65% 26.92% -6.94% -4.87% -2.40% 0.36% -10.77% 3.12% 13.47%
Cash Return on Invested Capital (CROIC)		 51.52% 33.30% 26.08% 26.40% 14.94% -94.89% -95.13% -100.03% -100.13% 2.86% 7.94%
Operating Return on Assets (OROA)		 20.76% 19.48% 11.87% 16.66% -6.38% -3.47% -1.70% -1.50% -9.18% 1.72% 9.11%
Return on Assets (ROA)		 24.93% 15.99% 9.56% 13.52% 4.70% -3.99% -2.40% 2.57% -7.00% 1.33% 7.68%
Return on Common Equity (ROCE)		 42.45% 33.31% 19.65% 26.92% -6.94% -4.87% -2.40% 0.36% -10.77% 3.12% 13.47%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 37.98% 29.04% 26.98% 0.00% 2.96% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 115 107 62 100 -41 -38 -13 -8.27 -68 33 138
NOPAT Margin		 19.57% 18.85% 12.45% 17.32% -8.03% -3.71% -1.22% -0.82% -6.52% 3.08% 12.08%
Net Nonoperating Expense Percent (NNEP)		 -312.57% -10.61% -5.24% -2.98% 41.06% -76.48% -35.40% 32.31% -9.49% 117.74% -47.72%
Return On Investment Capital (ROIC_SIMPLE)		 7.46% 6.73% 3.83% 5.77% -2.30% -0.89% -0.32% -0.20% -1.65% 0.81% 3.31%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 85.54% 82.78% 82.54% 89.64% 81.08% 77.91%
SG&A Expenses to Revenue		 56.24% 55.58% 61.57% 59.19% 83.32% 3.95% 3.16% 3.40% 10.14% 3.33% 2.34%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 77.72% 78.03% 85.62% 79.50% 108.25% 19.76% 18.96% 18.64% 19.67% 15.90% 8.44%
Earnings before Interest and Taxes (EBIT)		 131 124 72 118 -42 -60 -26 -18 -104 27 150
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 190 182 128 172 17 63 143 133 76 173 317
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.31 1.86 2.08 2.01 2.00 1.07 0.97 1.14 1.23 1.46 1.08
Price to Tangible Book Value (P/TBV)		 2.31 1.86 2.08 2.01 2.00 1.07 0.97 1.14 1.23 1.46 1.08
Price to Revenue (P/Rev)		 1.24 1.09 1.34 1.38 1.46 1.59 1.14 1.17 1.09 1.26 0.94
Price to Earnings (P/E)		 4.73 4.90 7.15 7.44 10.95 36.14 178.10 0.00 0.00 0.00 40.28
Dividend Yield		 5.30% 6.36% 0.00% 0.24% 0.47% 0.78% 1.00% 0.66% 0.45% 0.38% 0.50%
Earnings Yield		 21.13% 20.40% 13.99% 13.44% 9.13% 2.77% 0.56% 0.00% 0.00% 0.00% 2.48%
Enterprise Value to Invested Capital (EV/IC)		 2.40 1.90 2.16 2.18 2.21 1.07 0.97 1.14 1.23 1.45 1.09
Enterprise Value to Revenue (EV/Rev)		 1.20 1.06 1.29 1.28 1.34 1.58 1.13 1.16 1.09 1.27 0.94
Enterprise Value to EBITDA (EV/EBITDA)		 2.86 3.01 4.18 4.24 4.97 8.91 7.57 9.51 11.02 10.25 5.74
Enterprise Value to EBIT (EV/EBIT)		 3.74 4.24 6.32 6.40 8.17 23.94 45.72 0.00 0.00 0.00 72.51
Enterprise Value to NOPAT (EV/NOPAT)		 4.75 5.02 7.35 7.42 12.23 52.82 2,384.04 0.00 0.00 0.00 16.51
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.52 3.68 5.00 4.96 6.05 14.32 9.29 13.36 14.90 10.06 7.09
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.62 5.87 8.46 8.39 15.06 0.00 0.00 0.00 0.00 49.66 13.58
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.15 0.14 0.13 0.13 0.13 0.09 0.10 0.11 0.12 0.12 0.12
Long-Term Debt to Equity		 0.14 0.13 0.13 0.05 0.06 0.08 0.09 0.09 0.10 0.11 0.11
Financial Leverage		 0.01 -0.03 -0.06 -0.09 -0.12 -0.02 -0.03 -0.05 -0.04 0.00 -0.01
Leverage Ratio		 2.14 2.01 1.94 1.93 1.91 1.69 1.71 1.70 1.72 1.63 1.65
Compound Leverage Factor		 2.93 1.93 1.81 1.86 -1.44 2.07 1.96 1.98 1.81 1.24 1.57
Debt to Total Capital		 12.80% 12.26% 11.72% 11.34% 11.69% 8.61% 9.41% 9.97% 10.95% 11.07% 10.74%
Short-Term Debt to Total Capital		 0.72% 0.54% 0.37% 6.49% 6.36% 0.88% 1.38% 2.00% 2.38% 1.06% 1.02%
Long-Term Debt to Total Capital		 12.08% 11.72% 11.35% 4.85% 5.34% 7.74% 8.03% 7.97% 8.57% 10.01% 9.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 87.20% 87.74% 88.28% 88.66% 88.31% 91.39% 90.59% 90.03% 89.05% 88.93% 89.26%
Debt to EBITDA		 0.19 0.23 0.28 0.29 0.36 0.79 0.81 0.93 1.09 0.87 0.64
Net Debt to EBITDA		 -0.08 -0.07 -0.16 -0.33 -0.44 -0.05 -0.05 -0.06 0.05 0.08 -0.04
Long-Term Debt to EBITDA		 0.18 0.22 0.27 0.12 0.16 0.71 0.69 0.75 0.86 0.78 0.58
Debt to NOPAT		 0.31 0.39 0.49 0.51 0.88 4.68 255.55 -4.75 -3.55 -6.81 1.84
Net Debt to NOPAT		 -0.13 -0.12 -0.28 -0.57 -1.07 -0.27 -14.27 0.30 -0.16 -0.63 -0.11
Long-Term Debt to NOPAT		 0.29 0.37 0.47 0.22 0.40 4.20 218.10 -3.80 -2.78 -6.16 1.67
Altman Z-Score		 3.06 2.85 2.96 3.00 2.81 1.80 1.72 1.98 2.02 2.34 2.11
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.35 1.47 1.55 1.38 1.52 1.89 1.78 1.82 1.60 1.70 1.83
Quick Ratio		 1.00 1.04 1.15 1.04 1.20 1.16 1.05 1.06 1.00 1.10 1.21
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 133 33 11 55 -85 -2,584 -2,429 -2,452 -2,451 209 190
Operating Cash Flow to CapEx		 421.19% 214.28% 212.74% 413.50% 297.59% -186.40% 221.03% 179.42% 125.70% 168.80% 238.12%
Free Cash Flow to Firm to Interest Expense		 25.26 6.18 2.28 11.82 -11.94 -131.20 -241.70 -231.16 -214.08 18.64 16.34
Operating Cash Flow to Interest Expense		 41.77 14.33 23.29 34.59 17.02 -5.57 21.90 8.29 9.37 10.67 21.52
Operating Cash Flow Less CapEx to Interest Expense		 31.85 7.64 12.34 26.23 11.30 -8.55 11.99 3.67 1.92 4.35 12.48
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.93 0.89 0.83 0.81 0.77 0.59 0.72 0.82 0.92 0.69 0.69
Accounts Receivable Turnover		 14.04 13.04 15.67 14.66 13.30 8.62 12.99 14.16 14.72 10.14 10.97
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 2.08 4.57 5.94 15.05 9.39 9.31
Fixed Asset Turnover		 1.30 1.24 1.16 1.16 1.12 0.82 1.01 1.17 1.32 0.95 0.97
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 2.36 5.32 7.22 14.79 11.58 11.78
Days Sales Outstanding (DSO)		 25.99 28.00 23.29 24.90 27.44 42.34 28.09 25.78 24.79 36.00 33.26
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 175.87 79.84 61.40 24.25 38.88 39.20
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 154.85 68.58 50.56 24.67 31.53 30.99
Cash Conversion Cycle (CCC)		 25.99 28.00 23.29 24.90 27.44 63.36 39.35 36.62 24.37 43.35 41.47
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,259 1,328 1,330 1,309 1,304 3,874 3,746 3,752 3,699 3,699 3,693
Invested Capital Turnover		 1.98 1.85 1.70 1.73 1.68 1.01 1.27 1.45 1.66 1.12 1.15
Increase / (Decrease) in Invested Capital		 -18 73 51 44 44 2,547 2,416 2,443 2,383 -175 -52
Enterprise Value (EV)		 3,019 2,525 2,877 2,849 2,883 4,143 3,651 4,270 4,556 5,381 4,008
Market Capitalization		 3,103 2,586 2,985 3,070 3,136 4,165 3,673 4,297 4,535 5,339 4,034
Book Value per Share		 $43.32 $47.26 $48.95 $52.04 $53.35 $72.12 $71.55 $73.42 $71.79 $72.55 $73.78
Tangible Book Value per Share		 $43.32 $47.26 $48.95 $52.04 $53.35 $72.12 $71.55 $73.42 $71.79 $72.55 $73.78
Total Capital		 1,541 1,583 1,629 1,725 1,776 4,263 4,159 4,197 4,131 4,112 4,167
Total Debt		 197 194 191 196 208 367 391 418 452 455 448
Total Long-Term Debt		 186 185 185 84 95 330 334 335 354 412 405
Net Debt		 -84 -61 -109 -220 -253 -21 -22 -26 20 42 -26
Capital Expenditures (CapEx)		 52 36 55 39 41 59 100 49 85 71 105
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -113 -50 -72 -100 -80 278 202 270 168 155 191
Debt-free Net Working Capital (DFNWC)		 168 205 227 316 380 666 616 714 600 567 664
Net Working Capital (NWC)		 157 196 221 205 267 629 558 631 502 524 622
Net Nonoperating Expense (NNE)		 -42 4.64 4.32 3.94 -72 32 23 -40 11 12 11
Net Nonoperating Obligations (NNO)		 -84 -61 -109 -220 -265 -21 -22 -26 20 42 -26
Total Depreciation and Amortization (D&A)		 59 58 56 54 59 123 169 151 179 146 167
Debt-free, Cash-free Net Working Capital to Revenue		 -4.50% -2.11% -3.25% -4.47% -3.73% 10.60% 6.27% 7.33% 4.04% 3.65% 4.47%
Debt-free Net Working Capital to Revenue		 6.72% 8.60% 10.22% 14.20% 17.69% 25.43% 19.05% 19.41% 14.41% 13.41% 15.55%
Net Working Capital to Revenue		 6.27% 8.24% 9.95% 9.18% 12.44% 24.01% 17.28% 17.14% 12.05% 12.38% 14.56%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.09 $3.40 $1.96 $3.23 $1.06 ($1.38) ($0.70) $0.61 ($1.51) $0.41 $2.51
Adjusted Weighted Average Basic Shares Outstanding		 29.60M 29.39M 29.39M 29.39M 54.02M 52.66M 51.47M 51.24M 50.98M 50.41M 49.64M
Adjusted Diluted Earnings per Share		 $5.19 $3.39 $1.96 $3.22 $1.04 ($1.38) ($0.70) $0.61 ($1.51) $0.41 $2.51
Adjusted Weighted Average Diluted Shares Outstanding		 29.60M 29.39M 29.39M 29.39M 54.02M 52.66M 51.47M 51.24M 50.98M 50.41M 49.64M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.60M 29.39M 29.39M 29.39M 54.02M 52.66M 51.47M 51.24M 50.98M 50.41M 49.64M
Normalized Net Operating Profit after Tax (NOPAT)		 115 107 62 100 -41 -38 -13 -8.27 -68 23 138
Normalized NOPAT Margin		 19.57% 18.85% 12.45% 17.32% -8.03% -3.71% -1.22% -0.82% -6.52% 2.11% 12.08%
Pre Tax Income Margin		 30.46% 21.01% 13.39% 19.69% 6.24% -7.22% -2.67% -2.13% -10.49% 1.90% 12.53%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 24.94 22.96 14.44 25.26 -5.88 -3.05 -2.57 -1.73 -9.04 2.42 12.90
NOPAT to Interest Expense		 21.90 19.71 12.49 21.35 -5.72 -1.92 -1.34 -0.78 -5.94 2.98 11.84
EBIT Less CapEx to Interest Expense		 15.02 16.27 3.49 16.90 -11.59 -6.04 -12.48 -6.35 -16.50 -3.90 3.86
NOPAT Less CapEx to Interest Expense		 11.98 13.02 1.55 12.98 -11.44 -4.90 -11.25 -5.40 -13.39 -3.34 2.80
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 11.51% 7.16% 0.26% 2.05% 5.54% 22.54% 148.79% -65.55% -17.14% -32.87% 20.45%
Augmented Payout Ratio		 72.40% 79.62% 79.20% 48.79% 30.29% 121.69% 1,037.01% -532.20% -163.51% -295.10% 166.32%

Financials Breakdown Chart

Key Financial Trends

Core Natural Resources (NYSE: CNR) shows a sharp cyclical turnaround in Q1 2026, but the business still looks highly volatile quarter to quarter. Revenue and earnings improved meaningfully versus the weak Q4 2025 result, while the balance sheet remains sizable and liquid. At the same time, margins are still under pressure, operating results can swing quickly, and the company continues to use cash for dividends and buybacks.

  • Q1 2026 revenue rebounded to $1.08 billion from $1.04 billion in Q4 2025 and $1.00 billion in Q3 2025, showing a sequential improvement in top-line performance.
  • Net income turned positive at $21.0 million in Q1 2026, compared with a $78.9 million loss in Q4 2025.
  • Operating cash flow was solid at $119.4 million in Q1 2026, supporting the core business even after capital spending and financing uses.
  • Cash and equivalents totaled $412.7 million at March 31, 2026, giving the company a strong liquidity cushion.
  • Current assets of $1.27 billion exceed current liabilities of $747.0 million, suggesting a workable short-term liquidity position.
  • Equity remains large at $3.66 billion, reflecting a substantial asset base and net worth.
  • Gross profit of $205.1 million in Q1 2026 improved versus $108.0 million in Q4 2025, indicating better operating leverage than the prior quarter.
  • Cash generation has been resilient over time, with several recent quarters producing strong operating cash flow despite earnings volatility.
  • Share count is relatively stable quarter to quarter, with diluted shares essentially flat around 50.4 million in Q1 2026.
  • The company continues to pay a dividend of $0.10 per share in Q1 2026, which may appeal to income-focused investors but also uses cash.
  • Margins remain thin and highly cyclical: Q1 2026 gross margin was roughly 19%, and operating income was only $32.7 million on more than $1.08 billion of revenue.
  • Q4 2025 was a clear setback, with operating loss of $97.1 million and net loss of $78.9 million, showing how fast earnings can deteriorate.
  • Long-term debt and other liabilities remain meaningful, including $411.6 million of long-term debt and $2.40 billion of total liabilities in Q1 2026.
  • Capital returns are material: Q1 2026 included $41.9 million of share repurchases plus $5.1 million of dividends, which reduces cash available for operations or growth.
  • Depreciation is very high at $146.3 million in Q1 2026, which keeps accounting earnings sensitive to commodity and volume swings.
  • Balance sheet obligations tied to retirement, litigation, and employee benefits are substantial, adding structural liabilities beyond conventional debt.
  • Quarterly results have been extremely volatile over the past four years, ranging from large profits to losses, which makes forecasting difficult for retail investors.

Bottom line: CNR entered 2026 with better momentum after a weak end to 2025, and its liquidity looks adequate. But this remains a cyclical, capital-intensive business with uneven margins, significant liabilities, and earnings that can swing sharply from quarter to quarter. Investors will likely want to focus on whether the Q1 rebound can continue through the next several periods.

08/26/26 12:40 PM ETAI Generated. May Contain Errors.

Core Natural Resources Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Core Natural Resources' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Core Natural Resources' net income appears to be on an upward trend, with a most recent value of -$153.22 million in 2025, falling from $317.42 million in 2015. The previous period was $286.41 million in 2024. Find out what analysts predict for Core Natural Resources in the coming months.

Core Natural Resources' total operating income in 2025 was -$182.06 million, based on the following breakdown:
  • Total Gross Profit: $619.96 million
  • Total Operating Expenses: $802.02 million

Over the last 10 years, Core Natural Resources' total revenue changed from $1.42 billion in 2015 to $4.16 billion in 2025, a change of 192.9%.

Core Natural Resources' total liabilities were at $2.45 billion at the end of 2025, a 87.0% increase from 2024, and a 29.9% increase since 2016.

In the past 9 years, Core Natural Resources' cash and equivalents has ranged from $13.31 million in 2016 to $432.17 million in 2025, and is currently $432.17 million as of their latest financial filing in 2025.

Over the last 10 years, Core Natural Resources' book value per share changed from 0.00 in 2015 to 71.79 in 2025, a change of 7,178.5%.


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Financial statements for NYSE:CNR last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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