Added to YB: 2026-06-11
Pitch date: 2026-06-09
CNR [bullish]
Core Natural Resources, Inc.
-1.19%
current return
Author Info
No bio for this author
Company Info
Core Natural Resources, Inc., together with its subsidiaries, produces, sells, and exports metallurgical and thermal coals in the United States and internationally.
Market Cap
$4.6B
Pitch Price
$92.38
Price Target
150.00 (+64%)
Dividend
0.44%
EV/EBITDA
9.01
P/E
-74.84
EV/Sales
1.10
Sector
Oil, Gas and Consumable Fuels
Category
value
Core Values: SOTP for Core Natural Resources (CNR)
CNR: SOTP on US coal major (CONSOL/Arch merger) targets $150-200/sh over time. High-cv thermal (PAMC/West Elk) ~$2-2.6B at 5-6.5x FCF; CMT terminal +DTA $600M at 10x; PRB $45-135M; met coal option value as East Coast low-vol mispriced. $734M buyback left (75% of FCF), synergies raised to $150-170M/yr. ~15% annual return to mid-$120s in ~2yrs sans met boom.
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