Professional
Added to YB: 2026-08-19
Pitch date: 2026-07-09
CNR [neutral]
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
207.00
Dividend
0.42%
EV/EBITDA
8.54
P/E
48.94
EV/Sales
1.11
Sector
Oil, Gas and Consumable Fuels
Category
value
Black Bear Value Partners Portfolio Holding: Core Natural Resources, Inc.
CNR (holding update): Leading met & thermal coal producer, -23% Q2/-9% YTD. Thesis: rising electricity demand (AI/data centers), met coal demand from India/SE Asia + ESG-driven supply constraints. Marine terminal worth $11-17/sh, coal biz $6-18 FCF/sh. Intrinsic value $65-207 vs $80 price. Asymmetric upside.
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