Core Natural Resources
Producer of thermal and metallurgical coal with integrated East Coast export logistics.
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Profile
Produces high-calorific-value and sub-bituminous thermal coal for power and industrial users, plus metallurgical coal for steelmaking. Four segments span Appalachian and Western mines and the rail-linked Core Marine Terminal in Baltimore, with revenue split across U.S. and export customers.
Mines high-calorific-value thermal coal at the Pennsylvania Mining Complex and West Elk, metallurgical coal at five West Virginia mines, and sub-bituminous thermal coal at Black Thunder and Coal Creek in Wyoming. Customers include U.S. power generators and domestic and international steel and industrial users.
Pairs large-scale longwall and surface mines with rail connections and two East Coast export outlets. The wholly owned Core Marine Terminal at Baltimore stores, blends, and loads coal, while a minority interest in Dominion Terminal adds Newport News access. Most Baltimore throughput originates at the Pennsylvania complex.
Revenue remains tied to coal prices and demand across power, steel, and industrial markets. Mine permits, environmental and safety regulation, rail and port availability, and seaborne trade conditions govern production and delivery.
Company facts
Key statistics
Year to date +12.3% · Average volume (30d) 553.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | UBS | Downgrade | Buy | Neutral | ||
| Aug 18, 2026 | UBS | Downgrade | Buy | Neutral | $100 | $105 |
| Jun 30, 2026 | UBS | Reiterate | Buy | $105.50 | $100 | |
| Oct 10, 2025 | Jefferies | Upgrade | Hold | Buy | $78 | $125 |
| Oct 8, 2025 | UBS | Reiterate | Buy | $105.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.61 | $2.51 | +314.9% | $1.11B | $1.14B | +2.4% | +7.53% |
| May 7, 2026Q1 FY26 | −$0.01 | $0.41 | +4,200.0% | $1.06B | $1.08B | +2.0% | −4.12% |
| Feb 12, 2026Q4 FY25 | −$0.35 | −$1.54 | −338.4% | $1.00B | $1.04B | +4.1% | +1.62% |
| Nov 6, 2025Q3 FY25 | −$1.40 | $0.61 | +143.6% | $1.02B | $1.00B | −1.6% | +3.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.10B | $1.00B | $1.04B | $1.08B | $1.14B | |
| Gross profit | $25.6M | $20.5M | $24.1M | −$71.3M | $58.8M | $85.3M | |
| Operating income | −$53.9M | −$19.3M | −$11.8M | −$131.0M | $22.7M | $155.8M | |
| Net income | −$69.3M | −$36.6M | $31.6M | −$79.0M | $21.0M | $126.5M | |
| Diluted EPS | −$1.38 | −$0.70 | $0.61 | −$1.54 | $0.41 | $2.51 | |
| Gross margin | 2.5% | 1.9% | 2.4% | -6.8% | 5.4% | 7.5% | |
| Operating margin | -5.3% | -1.7% | -1.2% | -12.6% | 2.1% | 13.7% |
Fiscal years (4-quarter sums)FY21 $1.26B · FY22 $2.28B · FY23 $2.51B · FY24 $2.16B · FY25 $4.16B
Revenue by geography · FY25
Balance sheet, Jul 4, 2026Cash & short-term investments $473.2M · Total debt $447.6M · Total assets $6.12B · Shareholders' equity $3.72B
Dividends
Last cut to $0.10 from $0.25 in Mar 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 12 | $0.10 | |
| Mar 2, 2026 | Mar 2 | Mar 16 | $0.10 | |
| Nov 28, 2025 | Nov 28 | Dec 15 | $0.10 | |
| Aug 29, 2025 | Aug 29 | Sep 15 | $0.10 | |
| May 30, 2025 | May 30 | Jun 13 | $0.10 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.10 | cut from $0.25 |
| Nov 15, 2024 | Nov 15 | Nov 26 | $0.25 | |
| Aug 30, 2024 | Aug 30 | Sep 13 | $0.25 | cut from $1.10 |
Ownership
Shares outstanding 50.41M · Float 49.25M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.60M | 15.07% | 13F | Aug 7, 2026 |
| State Street Corp | 3.95M | 7.84% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.02M | 5.99% | 13F | Aug 13, 2026 |
| FMR LLC | 2.90M | 5.74% | 13F | Aug 13, 2026 |
| Dme Capital Management, LP | 2.28M | 4.53% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 19, 2026 | Rosemary L. Klein | officer: SVP, CLO & Corp. Sec. | −15,000 | $106.87 |
| Mar 17, 2026 | John Rothka | officer: Chief Accounting Officer | −1,000 | $97.66 |
| Mar 18, 2026 | James A. Brock | director, officer: Executive Chair and CEO | −40,760 | $101.15 |
| Mar 10, 2026 | Richard A. Navarre | director | −6,000 | $91.70 |
| Mar 10, 2026 | John Rothka | officer: Chief Accounting Officer | −3,800 | $91.62 |
Peers
- Alpha Metallurgical Resources
Largest U.S. met coal producer; CAPP mines across grades, DTA export stake
- Warrior Met Coal
Pure-play hard coking coal exporter; Alabama mines targeting global steelmakers
- Peabody Energy
World's largest private-sector coal miner; seaborne met and thermal plus PRB
- Alliance Resource Partners
Second-largest eastern U.S. coal producer; primarily Illinois Basin thermal
- Ramaco Resources Class A
Pure-play Appalachian met coal producer developing a Wyoming rare-earth project
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Core Natural Resources | $100.96 | 0.00% | $5.09B | 50.7 | 23.1 | 1.2 | +3.5% |
| Alpha Metallurgical Resources | $226.00 | −0.12% | $2.88B | — | 54.3 | 1.4 | −10.4% |
| Warrior Met Coal | $107.07 | +0.06% | $5.65B | 25.7 | 15.6 | 3.4 | +71.3% |
| Peabody Energy | $28.98 | +0.20% | $3.52B | — | 14.4 | 0.9 | +12.7% |
| Alliance Resource Partners | $26.29 | −0.00% | $3.37B | 12.7 | 8.4 | 1.5 | +0.8% |
| Ramaco Resources Class A | $13.47 | +1.28% | $715.6M | — | — | 1.4 | −5.3% |
| Median | 19.2 | 15.0 | 1.4 | +0.8% |