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MARKETS / NYSE / Energy / Coal / CNR
NYSE · SILVER ORES · LARGE CAP

Core Natural Resources, Inc. CNR

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.2B
▲ 92.4% YoY
$-153.2M
▼ 153.5% YoY
$21.2M
▼ 92.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Company produces and exports coal, including metallurgical and thermal coal. It wholly owns the Core Marine Terminal, the only major East Coast coal terminal served by both Norfolk Southern and CSX railroads, which has a throughput capacity of approximately 20 million tons per year. As of December 31, 2025, Core and its subsidiaries had 4,850 employees, of which 39 Core Marine Terminal employees were represented by a collective bargaining agreement. It made sales to approximately 110 customers from its coal operations during the past two years. The Company and its predecessors have been mining coal, primarily in the Appalachian Basin, since 1864. It was incorporated in Delaware on June 21, 2017. Pursuant to the Merger Agreement, it was renamed Core Natural Resources, Inc. and began trading under the ticker symbol CNR on January 15, 2025.

Written from the business description in Core Natural Resources, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.2B
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.2 · Net income -0.2
2B3B
20152018202120242025
Compound annual growth
+22.2%
+32.5%
+11.3%
+51.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +32.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.4% · Net -3.7%
10%20%30%-2%-4%
201520202025
ROE
FY2025 · ROE -5.8%
20%40%-2%-4%
201520202025
Three returns, three denominators.

Each USD of equity lost 6 cents this year.

Cash & shareholders

USD 250.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 21.2
250.0M500.0M
201520202025
Net buybacks $M Dividends $M
FY2025 · Dividends 26.3 · Net buybacks 224.3
200M400MDividendsNet buybacks
2016201720182019202020212022202320242025

USD 26.3M in dividends and USD 224.3M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 6.1B
EquityUSD 3.7B
CashUSD 432.2M
Gross debtUSD 394.8M
Net debtUSD -37.4M
Current ratio1.60×

The company holds more cash than debt.

The 11-year record

11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CNR, 11-year financial record
Metric 20252024202320222021202020192018201720162015
Revenue $B4.22.22.52.31.31.01.41.51.41.21.4
Operating income $B−0.20.40.80.60.0−0.00.10.2◌◌◌
EBITDA $B0.40.61.00.80.30.20.30.4◌◌◌
Income tax $B−0.10.00.10.10.00.00.00.00.10.00.1
Net income $B−0.20.30.70.50.0−0.00.10.20.10.00.3
Free cash flow $B0.00.30.70.50.20.00.10.30.20.30.1
EPS, diluted $−2.989.6119.7913.070.96−0.372.815.382.401.4810.98
Dividend / sh $0.400.502.202.050.000.00◌◌◌◌◌
Payout %−17612150−0—————
ROE %−5.819.752.350.85.6−2.018.049.815.76.3◌
Shares out B0.050.030.030.030.030.030.030.030.030.000.00

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 42 reconciliationsAUDITED

Reconciled in 11 of the 11 fiscal years we could check. 16 checks were skipped: the balance sheet is not tagged before 2015. 16 checks were skipped: cost of revenue is not tagged before 2023. Eight checks were skipped: EPS is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySilver Ores
Listed onNYSE
Incorporated inDistrict of Columbia
Fiscal year endsDecember 31
Data on record since2015

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