Core Natural Resources, Inc (CNR) Fair Value & Analysis
Energy · US · Market cap $4.3B
Core Natural Resources, Inc
CNR · US
Fair value as of: Jul 16, 2026
From 12 valuation models · updated 25 days ago
Share price +11.2% over the past month.
Below-average quality, screening 60% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (18/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case ($108.04). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range $9.75 – $132.31 · fair‑value band $108.04 – $178.68 · the $89.60 price screens below the $143.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Core Natural Resources, Inc (CNR) currently trades at $89.60, while our model-based Fair Value estimate is $143.36, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 18/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Core Natural Resources, Inc generated revenue of $4.2B at a net margin of -1.5%. Revenue grew 6.6% year over year. It earns a return on equity of -1.7%. The balance sheet holds a net cash position of $78.0M. Fundamentals as of Jul 16, 2026
Our scenario range runs from $108.04 (bear case) to $178.68 (bull case); at $89.60, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 60%, CNR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 12 models by family
Widest divergence: Asset-Based ($48.89) versus Multiples ($7.74). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 25 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Core Natural Resources, Inc., together with its subsidiaries, produces, sells, and exports metallurgical and thermal coals in the United States and internationally. It operates through the High CV Thermal; Metallurgical; Powder River Basin (PRB); and Core Marine Terminal segments.
Full company description
Core Natural Resources, Inc., together with its subsidiaries, produces, sells, and exports metallurgical and thermal coals in the United States and internationally. It operates through the High CV Thermal; Metallurgical; Powder River Basin (PRB); and Core Marine Terminal segments. The High CV Thermal segment consists of Pennsylvania Mining Complex and the West Elk mine located in Colorado. The Metallurgical segment consists of Leer, Leer South, Beckley, Mountain Laurel, and Itmann coal mines in West Virginia. The PRB segment consists of Black Thunder and Coal Creek surface mining complexes located in Wyoming. The Core Marine Terminal segment consists of coal export terminal operations in the Port of Baltimore. The company was formerly known as CONSOL Energy Inc. and changed its name to Core Natural Resources, Inc. in January 2025. Core Natural Resources, Inc. was founded in 1864 and is headquartered in Canonsburg, Pennsylvania.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Core Natural Resources, Inc reported revenue of $4.2B in FY2025 versus $1.3B in FY2021, a compound +34.8%/yr. Reported net income was −$153M in FY2025.
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Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Core Natural Resources (CNR) Is Up 12.2% After Leer South Insurance Boost Drives Q2 Profitability - What's Changed
- Core Natural Resources declares $0.10 dividend
- Core Natural Resources (CNR) Q2 Earnings and Revenues Beat Estimates
- Core Natural Resources’s (NYSE:CNR) Q2 CY2026 Sales Beat Estimates
Peer Group
Thermal Coal · 101 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Thermal Coal median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 42/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥42.65 | ¥34.97 | -18% |
| Adani Enterprises Limited ADANIENT | ₹3,157 | ₹901.17 | -71% |
| Shaanxi Coal Industry Company 601225 | ¥24.30 | ¥23.90 | -2% |
| Yankuang Energy Group 600188 | ¥20.23 | ¥13.24 | -35% |
| Coal India Limited COALINDIA | ₹427.65 | ₹464.01 | +9% |
| China Coal Energy Company 601898 | ¥12.54 | ¥13.97 | +11% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥25.13 | ¥21.99 | -12% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥16.26 | ¥7.20 | -56% |
| PT Alamtri Resources Indonesia Tbk, ADRO | 2,490 IDR | 3,220 IDR | +29% |
| PT Petrindo Jaya Kreasi Tbk, through its subsidiaries, CUAN | 630.00 IDR | 360.72 IDR | -43% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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