Added to YB: 2026-08-19
Pitch date: 2026-06-01
CNR [bullish]
Core Natural Resources, Inc.
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
$4.8B
Pitch Price
N/A
Price Target
186.00
Dividend
0.42%
EV/EBITDA
8.54
P/E
48.94
EV/Sales
1.11
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Core Natural Resources, Inc. - $CNR
CNR: 2nd-largest US coal producer post CONSOL/Arch merger. Trades ~4.5x mid-cycle EBITDA, ~12% FCF yield (75% to buybacks). Post-merger inflection: Q1-26 EBITDA $180m vs $100m Q4, met cash cost $92 down from $103. Iran war + Queensland floods lift met/thermal prices. Free REE optionality. Base 30% upside, 100%+ 2-3yr. Risk: HVA realization, tariffs, Leer South.
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