Aug 19
Current report
8-K
Events of Aug 18
Director or officer change, or executive pay, Regulation FD disclosure
AI summary on its way
CNR · Core Natural Resources, Inc.
$80.22
-3.12 (-3.74%)
At close · Nov 4
Return incl. dividend (before tax)
Earnings today
Market Cap
$3.98B
Shares
49.64M
Volume · Nov 4
1.13M
Avg daily vol (3M)
510.5K
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Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$80.22
Open$82.45
Day$78.04–83.26
52W close$76.56–113.23
Avg vol 30d474K
Short int1.6M · 3.2% of shares · 3.4d
Short vol53%
Last earningsNov 5, 2026
DataJan 2020–Nov 2026
Filing10-Q · Aug 6
Up next
Nov 5, 2026
Today
Open the call
Latest documents
2026
Aug 6
Aug 6
Aug 6
Quarterly report
10-Q
FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2
AI summary on its way
Revenue $1.14B
▲ 3.5%
Net income $126.47M
Diluted EPS $2.51
Jun 4
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$4.27B
Trailing 12 months
Net income (TTM)
$100.13M
Trailing 12 months
Revenue growth YoY
+3.5%
Year over year
Operating margin
1.9%
Trailing 12 months
P / E (TTM)
41.3
Trailing earnings · reciprocal yield 2.4%
FCF yield
6.3%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$25.55M
Latest balance sheet
Dividend yield
0.5%
Trailing 12 months
Shares change YoY
-3.7%
Year over year · fewer shares
Price change (1Y)
+2.1%
Trailing year
Short interest
3.2%
Latest settlement · 3.4 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26
TL;DR. Core Natural Resources reported Q2 2026 net income of $126 million and adjusted EBITDA of $324 million, driven by sharp cost improvements in high-CV thermal and metallurgical segments, a $155 million full-limit Leer South insurance settlement, and securing 16 million tons of future sales commitments. The company lowered metallurgical cash-cost guidance while raising high-CV thermal and PRB cash-cost guidance, and signaled an acceleration of capital returns in H2.
Bullish
- + Adjusted EBITDA nearly doubled quarter-over-quarter to $324 million
- + Metallurgical cash costs fell ~$7/ton quarter-over-quarter, leading to a lowered 2026 guidance range
- + Leer South insurance claim settled for full $155 million limit, with $125 million recognized in Q2 EBITDA
- + Secured 16 million tons of new sales commitments through 2030 at attractive prices
- + Returned $68 million to shareholders in Q2, with accelerated buybacks expected in H2
- + Liquidity grew to $1.0 billion with $474 million in cash, supporting a net cash position
Bearish
- − High-CV thermal 2026 cash-cost guidance raised by $1/ton due to inflationary pressures
- − PRB 2026 cash-cost guidance raised by $0.25/ton on higher diesel prices
- − PRB Q2 volumes fell to 10.2 million tons from 11.9 million on weak demand and low gas prices
- − PRB segment reported negative cash margin of $(0.57) per ton in Q2 vs. $0.75 in Q1
- − Seaborne metallurgical markets remain muted with PLV-HVA spreads pressured
- − DTA terminal outage is creating capacity constraints with full impact and timing still unknown
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Strong Sell
Momentum
Very Weak
Sentiment
Bullish
Fundamentals
Strong
Quant / Vol
High
Market backdrop
VIX 16.6 · calm
Equity put/call 0.44
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−11%
below
Price vs 50-day avg
−13%
below
RSI (14)
32
neutral
MACD trend
Negative
52-week position
10%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−10%
trailing
6-month return
−5%
trailing
YTD return
−9%
this year
Relative strength
−7%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $92 › 200d $91 — 50d above 200d
Institutional flow
Accumulating
121 of 362 funds reported for Sep 30 · net +318.2K sh shares · +12 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
3.18% of shares out · ▼ -13.2% MoM · 3.4 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Steady
362 holders — mid 3-yr range
Squeeze score
54
elevated · 0–100
Fundamentals
Revenue growth
−13%
Y/Y
EPS growth
−131%
Y/Y
Free cash flow
$21.2M
Buyback
$1.0B
authorized
Balance sheet
$37.4M
net cash
Quant / Vol
risk profile
Volatility
44%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
4.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 6, 2026
Metallurgical Cash Cost of Coal Sold per Ton
· 2026
Non-GAAP
$86 – $91
High C.V. Thermal Cash Cost of Coal Sold per Ton
· 2026
Non-GAAP
$39 – $41
Powder River Basin Cash Cost of Coal Sold per Ton
· 2026
Non-GAAP
$13 – $14
Cash Tax Rate
· 2026
0% – 5%
High Calorific Value Thermal Segment Cash Cost
· 2026
Non-GAAP
$39 – $41
Metallurgical Segment Cash Cost
· 2026
Non-GAAP
$86 – $91
Powder River Basin Segment Cash Cost
· 2026
Non-GAAP
$13 – $14
Guided vs delivered
· last 3 settled
Consolidated net sales
first quarter of 2021
guided $1.2B – $1.24B
$342.15M
Miss −71.9%
Consolidated net sales
fourth quarter
guided $1.14B – $1.2B
$324.61M
Miss −72.2%
Consolidated net sales
third quarter
guided $1.16B – $1.24B
$243.22M
Miss −79.7%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−11%
Bearish
Price vs 50-day avg
−13%
Bearish
RSI (14)
32
Neutral
MACD trend
Negative
Bearish
52-week position
10%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $92 › 200d $91 — 50d above 200d
Institutional flow
Accumulating
121 of 362 funds reported for Sep 30 · net +318.2K sh shares · +12 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
3.18% of shares out · ▼ -13.2% MoM · 3.4 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Steady
362 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $77
Now $80 · 10%
Range high $113
vs 200-day avg -11%
vs 50-day avg -13%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Business Interruption Insurance Proceeds | $115M | the three months ended June 30, 2026 filing | — |
| Cash and cash equivalents and short-term investments | 474M | as of June 30, 2026 | — |
| Cash Basis General and Administrative Costs non-GAAP | 21.79M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP General and Administrative Costs 26.67M
-2.42M Less: Merger-Related Expenses
-2.46M Less: Stock-Based Compensation
= Cash Basis General and Administrative Costs 21.79M
|
|||
| Cash Cost of Coal Sold per Ton (High C.V. Thermal Segment) non-GAAP | $38.58 | Q2 2026 | — |
| Cash Cost of Coal Sold per Ton (Metallurgical Segment) non-GAAP | $85.65 | Q2 2026 | — |
| Cash Cost of Coal Sold per Ton (Powder River Basin Segment) non-GAAP | $14.85 | Q2 2026 | — |
| Free cash flow non-GAAP | $148M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net Cash Provided by Operating Activities 250.45M
-101.9M Capital Expenditures
+175K Proceeds from Sales of Assets
-735K Investments in Mining-Related Activities
= Free Cash Flow 147.99M
|
|||
| Insurance recovery - Leer South (Q2 portion) | 125.4M | Q2 2026 | — |
| Net (Cash)/Debt non-GAAP | -31.59M | As of June 30, 2026 | — |
| New sales commitments | 16M | Q2 2026 | — |
| Realized Coal Revenue per Ton Sold (High C.V. Thermal Segment) non-GAAP | $58.11 | Q2 2026 | — |
| Realized Coal Revenue per Ton Sold (Metallurgical Segment - Coking Coal) non-GAAP | $121.43 | Q2 2026 | — |
| Realized Coal Revenue per Ton Sold (Metallurgical Segment) non-GAAP | $114.13 | Q2 2026 | — |
| Realized Coal Revenue per Ton Sold (Powder River Basin Segment) non-GAAP | $14.28 | Q2 2026 | — |
| Remaining authorization under share repurchase program | $670.8M | As of June 30, 2026 | — |
| Repurchases | 63M | Q2 2026 | — |
| Shares outstanding | 49.8M | as of June 30, 2026 | — |
| Shares repurchased | 719,904 | Q2 2026 | — |
| Throughput Tons (in millions) | 5.2M | Three Months Ended June 30, 2026 filing | — |
| Tons Sold | 2.61M | Three Months Ended June 30, 2026 | — |
| Tons Sold (High C.V. Thermal Segment) | 8.4M | Q2 2026 | — |
| Tons Sold (Metallurgical Segment - Coking Coal) | 2.3M | Q2 2026 | — |
| Tons Sold (Metallurgical Segment - Thermal Byproduct) | 0.3M | Q2 2026 | — |
| Tons Sold (Powder River Basin Segment) | 10.2M | Q2 2026 | — |
| Total capital returned to stockholders since program inception | 360.1M | Q2 2026 | — |
| Total liquidity | 1.02B | As of 6/30/26 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Thermal Coal — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CNR
this stock
Core Natural Resources, Inc.
|
$3.98B | -9.4% | -12.9% | 39.7 | 3.2% |
|
ADOOY
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|
$3.79B | +26.5% | — | — | 0.0% |
|
ARLP
Alliance Resource Partners LP
|
$3.24B | +8.4% | +11.5% | — | 1.2% |
|
BTU
Peabody Energy Corp
|
$2.07B | -42.7% | -8.9% | — | 9.7% |
|
TBNGY
PT Bukit Asam Tbk
|
$1.95B | +20.3% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CNR | -9.3% | -9.7% | -4.6% | -7.7% | -9.4% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | -8.5% | -8.4% | -7.1% | -9.2% | -21.8% |
Capital returns
Latest dividend
$0.10
/ share · ex Aug 31, 2026
Paid (TTM)
$0.40
/ share · 4 payouts
Dividend yield (TTM, derived)
0.50%
Buyback program
· as of Feb 18, 2025
Authorized
$1.00B
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1710366
CUSIP
218937100
13F (30d)
109 filings
104 filers
Visit website
Investor relations