MARKETS / NYSE / CNR

NYSE · SILVER ORES · LARGE CAP

Core Natural Resources, Inc. CNR

11 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$4.2B

▲ 92.4% YoY

Net income

$-153.2M

▼ 153.5% YoY

Free cash flow

$21.2M

▼ 92.9% YoY

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

Compound annual growth

Revenue

+22.2%

+36.5%

+11.3%

Returned to shareholders

+51.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +36.5% a year over five years.

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%

ROE

FY2025 · ROE -5.8%

Gross margin14.9%

Operating margin-4.4%

Net margin-3.7%

Return on assets-3.4%

EBITDAUSD 439.0M

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

Net buybacks $M Dividends $M

FY2025 · Dividends 26.3 · Net buybacks 224.3

Dividends paidUSD 26.3M

Net buybacksUSD 224.3M

Share of profit-163.5%

Consecutive raises—

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue $B	4.2	2.2	2.5	2.3	1.3	0.9	1.4	1.5	1.3	1.1	1.4
Operating income $B	−0.2	0.4	0.8	0.6	0.0	−0.0	0.1	0.2	·	·	·
EBITDA $B	0.4	0.6	1.0	0.8	0.3	0.2	0.3	0.4	·	·	·
Income tax $B	−0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1
Net income $B	−0.2	0.3	0.7	0.5	0.0	−0.0	0.1	0.2	0.1	0.0	0.3
Free cash flow $B	0.0	0.3	0.7	0.5	0.2	0.0	0.1	0.3	0.2	0.3	0.1
EPS, diluted $	−2.98	9.61	19.79	13.07	0.96	−0.37	2.81	5.38	2.40	1.48	10.98
Dividend / sh $	0.40	0.50	2.20	2.05	0.00	0.00	·	·	·	·	·
Payout %	−17	6	12	15	0	−0	·	·	·	·	·
ROE %	−5.8	19.7	52.3	40.1	6.2	−2.0	18.0	49.8	15.7	6.3	·
Shares out B	0.05	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.00	0.00

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

Compare

This company against its peers

Core Natural Resources, Inc.vsPeabody Energy Corp.Same industry: Silver Ores Core Natural Resources, Inc.vsAlliance Resource Partners LPSame industry: Silver Ores Core Natural Resources, Inc.vsAlpha Metallurgical Resources, Inc.Same industry: Silver Ores Core Natural Resources, Inc.vsWarrior MET Coal, Inc.Same industry: Silver Ores Core Natural Resources, Inc.vsCoronado Global Resources Inc.Same industry: Silver Ores Core Natural Resources, Inc.vsRamaco Resources, Inc.Same industry: Silver Ores Core Natural Resources, Inc.vsNacco Industries Inc.Same industry: Silver Ores

Provenance

Company facts, as filed

How we verify · 0 failures in 42 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySilver Ores

Listed onNYSE

Incorporated inDistrict of Columbia

Fiscal year endsDecember 31

Data on record since2015