Core Natural Resources, Inc. (CNR) Financial Statements
Industry: Silver Ores
In fiscal 2025, Core Natural Resources reported revenue of $4.16B, up 86.2% from $2.24B the year before. Net income was -$153.2M (a -3.7% net margin), or -$2.98 per diluted share. Gross margin was -4.4% and operating margin was -4.4%. Operating activities generated $305.8M of cash, leaving $21.2M of free cash flow. At fiscal year end, Core Natural Resources held $6.13B in total assets against $2.45B in total liabilities, including $432.2M of cash and equivalents.
Open the full interactive Core Natural Resources financials → Quarterly statements, key ratios, valuation history and price charts.
Core Natural Resources Key Stats
| Share Price | $91.54 |
|---|---|
| Market Cap | $4.62B |
| Dividend Yield | 0.44% |
| Revenue YoY Growth | +86.2% |
| 52-Week Range | $75.66 – $113.00 |
| Shares Outstanding | 50.4 million (basic, 2026 Q2) |
Core Natural Resources Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.26B | $2.10B | $2.57B | $2.24B | $4.16B |
| Cost of Goods Sold | $1.03B | $1.22B | $1.53B | $1.79B | $1.91B | $4.35B |
| Gross Profit | -$9.2M | $35.4M | $568.4M | $777.9M | $330.6M | -$182.1M |
| Operating Income | -$81.9M | -$278.3M | $224.9M | $433.1M | -$8.1M | -$182.1M |
| Pre-Tax Income | -$9.2M | $35.4M | $568.4M | $777.9M | $330.6M | -$233.7M |
| Income Tax | $4.0M | $1.3M | $101.5M | $122.0M | $44.2M | -$80.5M |
| Net Income | -$9.8M | $34.1M | $467.0M | $655.9M | $286.4M | -$153.2M |
| Diluted EPS | -$0.37 | $0.96 | $13.07 | $19.79 | $9.61 | -$2.98 |
Core Natural Resources Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.00B | $1.04B | $1.08B | $1.14B |
| Net Income | $31.6M | -$79.0M | $21.0M | $126.5M |
| Diluted EPS | $0.61 | -$1.54 | $0.41 | $2.51 |
Core Natural Resources Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $50.9M | $149.9M | $273.1M | $199.4M | $408.2M | $432.2M |
| Current Assets | $292.9M | $386.3M | $598.5M | $601.0M | $786.0M | $1.34B |
| Total Assets | $2.52B | $2.57B | $2.70B | $2.68B | $2.88B | $6.13B |
| Current Liabilities | $368.5M | $445.2M | $448.8M | $443.7M | $518.7M | $838.3M |
| Total Long-Term Debt | $620.7M | $625.4M | $371.0M | $193.0M | $192.4M | $415.6M |
| Total Liabilities | $1.97B | $1.90B | $1.54B | $1.33B | $1.31B | $2.45B |
| Shareholders' Equity | $553.5M | $672.8M | $1.17B | $1.34B | $1.57B | $3.68B |
Core Natural Resources Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $129.3M | $305.6M | $651.0M | $857.9M | $476.4M | $305.8M |
| Cash From Investing | -$76.3M | -$127.4M | -$142.2M | -$259.4M | -$165.0M | $47.7M |
| Cash From Financing | -$82.4M | -$30.9M | -$380.1M | -$682.2M | -$107.1M | -$199.8M |
| Free Cash Flow | $43.3M | $172.8M | $479.5M | $690.2M | $298.4M | $21.2M |
| Dividends Paid | — | — | $71.5M | $75.5M | $15.9M | $26.3M |
Figures from Core Natural Resources' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Core Natural Resources financials page for every line item.
Core Natural Resources Company Profile
| Ticker | CNR |
|---|---|
| Exchange | NYSE |
| Industry | Silver Ores |
| Headquarters | Canonsburg, Pennsylvania |
| Incorporated in | District of Columbia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001710366 |
Frequently Asked Questions
What was Core Natural Resources' revenue in fiscal 2025?
Core Natural Resources (CNR) reported revenue of $4.16B for fiscal 2025.
What is Core Natural Resources' annual revenue history?
Core Natural Resources' annual revenue by fiscal year: 2020: $1.02B; 2021: $1.26B; 2022: $2.10B; 2023: $2.57B; 2024: $2.24B; 2025: $4.16B.
What was Core Natural Resources' net income in fiscal 2025?
Core Natural Resources reported net income of -$153.2M for fiscal 2025.
What was Core Natural Resources' earnings per share (EPS) in fiscal 2025?
Core Natural Resources' diluted EPS was -$2.98 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Core Natural Resources generate in fiscal 2025?
Core Natural Resources generated $21.2M of free cash flow in fiscal 2025.
What was Core Natural Resources' revenue last quarter?
In its most recent reported quarter (2026 Q2), Core Natural Resources reported revenue of $1.14B.
How much debt does Core Natural Resources have?
Core Natural Resources reported $415.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Core Natural Resources are outstanding?
Core Natural Resources reported a weighted average of 50.4 million basic shares outstanding in 2026 Q2.
What is Core Natural Resources' market cap?
Based on its latest closing price, Core Natural Resources (CNR) has a market capitalization of about $4.62B.
When does Core Natural Resources' fiscal year end?
Core Natural Resources' fiscal year end, as registered with the SEC, is December 31.
Where is Core Natural Resources headquartered?
Core Natural Resources lists its business address in Canonsburg, Pennsylvania in its SEC filings.