📊 CNR Key Takeaways
Investment Thesis
Core Natural Resources exhibits severe operational challenges with -$153.2M net losses despite 86.2% revenue growth, indicating deteriorating unit economics or massive cost overruns. The company's negative operating margin of -4.4%, negative interest coverage ratio, and minimal free cash flow margin of 0.5% demonstrate fundamental unprofitability that revenue growth cannot offset. While balance sheet metrics appear stable, operational cash generation barely exceeds capital expenditure requirements, leaving little margin for error.
CNR Strengths
- Strong revenue growth of 86.2% YoY demonstrates market demand and operational scale expansion
- Solid liquidity position with 1.60x current ratio and $432.2M cash balance providing near-term solvency
- Conservative leverage with 0.11x debt-to-equity ratio reducing financial distress risk
CNR Risks
- Severe profitability crisis with -$153.2M net income and -3.7% net margin indicating structural operational problems
- Negative interest coverage ratio of -34.0x shows inability to service debt from operations; company is loss-making
- Dangerously thin free cash flow margin of 0.5% leaves virtually no cushion; capex nearly consumes all operating cash flow
- Deteriorating net income trend of -153.5% YoY despite revenue growth signals worsening unit economics and cost control failure
Key Metrics to Watch
- Operating margin trend - critical to confirm if losses are temporary or structural
- Free cash flow sustainability - monitor if company can continue capex investments while unprofitable
- Net income trajectory - whether revenue growth eventually drives profitability or further deteriorates
CNR Financial Metrics
💡 AI Analyst Insight
The relatively thin 0.5% FCF margin may limit capital allocation flexibility.
CNR Profitability Ratios
CNR vs Default Sector
How Core Natural Resources, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CNR Balance Sheet & Liquidity
CNR 5-Year Financial Trend
5-Year Trend Summary: Core Natural Resources, Inc.'s revenue has grown significantly by 203% over the 5-year period, indicating strong business expansion. The most recent EPS of $19.79 reflects profitable operations.
CNR Growth Metrics (YoY)
CNR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $553.4M | $31.6M | $0.61 |
| Q2 2025 | $490.7M | -$36.6M | $-0.70 |
| Q1 2025 | $546.7M | -$69.3M | $-1.38 |
| Q3 2024 | $540.7M | $58.1M | $3.11 |
| Q2 2024 | $490.7M | $58.1M | $1.96 |
| Q1 2024 | $546.7M | $101.9M | $3.39 |
| Q3 2023 | $530.0M | -$4.5M | $3.11 |
| Q2 2023 | $604.9M | -$4.5M | $3.42 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CNR Capital Allocation
CNR SEC Filings
Access official SEC EDGAR filings for Core Natural Resources, Inc. (CIK: 0001710366)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CNR
What is the AI rating for CNR?
Core Natural Resources, Inc. (CNR) has an AI rating of SELL with 82% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CNR's key strengths?
Strong revenue growth of 86.2% YoY demonstrates market demand and operational scale expansion. Solid liquidity position with 1.60x current ratio and $432.2M cash balance providing near-term solvency.
What are the risks of investing in CNR?
Severe profitability crisis with -$153.2M net income and -3.7% net margin indicating structural operational problems. Negative interest coverage ratio of -34.0x shows inability to service debt from operations; company is loss-making.
What is CNR's revenue and growth?
Core Natural Resources, Inc. reported revenue of $4.2B.
Does CNR pay dividends?
Core Natural Resources, Inc. pays dividends, with $26.3M distributed to shareholders in the trailing twelve months.
Where can I find CNR SEC filings?
Official SEC filings for Core Natural Resources, Inc. (CIK: 0001710366) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CNR's EPS?
Core Natural Resources, Inc. has a diluted EPS of $-2.98.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.