Core Natural Resources Inc (CNR) financials
Core Natural Resources revenue and earnings by year
Core Natural Resources's revenue was $4.16 billion in the fiscal year to December 31, 2025, up 92.4% from the year before. Net income was -$153 million, -3.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 14.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.16 | 2.16 | 2.51 | 2.10 | 1.26 | 1.02 | 1.43 | 1.53 | 1.41 | 1.23 |
| Revenue growth | 92.4% | -13.7% | 19.3% | 67.0% | 23.2% | -28.6% | -6.6% | 8.5% | 14.7% | — |
| Gross profit | 0.62 | 0.73 | 1.13 | 0.97 | 0.41 | 0.31 | 0.46 | 0.54 | 0.45 | 0.31 |
| Gross margin | 14.9% | 33.9% | 45.0% | 46.2% | 32.6% | 30.7% | 32.4% | 35.4% | 32.0% | 25.0% |
| Operating income | -0.18 | 0.35 | 0.80 | 0.63 | 0.10 | 0.03 | 0.19 | 0.28 | 0.20 | 0.08 |
| Operating margin | -4.4% | 16.2% | 32.0% | 29.8% | 7.8% | 3.0% | 13.2% | 18.0% | 13.9% | 6.4% |
| Net income | -0.15 | 0.29 | 0.66 | 0.47 | 0.03 | -0.01 | 0.08 | 0.15 | 0.07 | 0.04 |
| Net margin | -3.7% | 13.2% | 26.2% | 22.2% | 2.7% | -1.0% | 5.3% | 10.0% | 4.8% | 3.4% |
| Diluted EPS | -$2.98 | $9.61 | $19.79 | $13.07 | $0.96 | -$0.37 | $2.78 | $5.39 | -$1.04 | $0.66 |
| Free cash flow | 0.03 | 0.31 | 0.69 | 0.50 | 0.19 | 0.05 | 0.08 | 0.27 | 0.19 | 0.28 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CNR in Markets.
How Core Natural Resources makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| High CV Thermal | $612M | 53.1% |
| Metallurgical | $366M | 31.8% |
| PRB | $148M | 12.9% |
| Core Marine Terminal | $26.9M | 2.3% |
See also: CNR valuation and P/E history · CNR returns
No forecast, no recommendation. This page describes Core Natural Resources Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.