6/28/26
CORE NATURAL RESOURCES (CNR) Thesis: Core Natural Resources: the story is balanced — Metallurgical coal benchmark pricing (Premium Low Vol HCC index) - directly impacts contract renegotiations and spot…
★ Analysts see FY2026 revenue reaching $4.4B — +6.1% growth in a single year.
What Moves the Stock 1 Metallurgical coal benchmark pricing (Premium Low Vol HCC index) - directly impacts contract renegotiations and spot sales 2 Thermal coal pricing in Central Appalachian and Illinois Basin markets relative to Henry Hub natural gas prices 3 Production volume guidance and mine-level cost performance (cost per ton metrics) 4 Chinese steel production levels and seaborne met coal import demand 5 Domestic utility coal stockpile levels and natural gas switching economics 6 Metallurgical coal sales to steel producers (estimated 40-50% of revenue based on industry mix) 7 Thermal coal sales to electric utilities and industrial customers (estimated 40-50% of revenue) 8 Coal handling and logistics services (estimated 5-10% of revenue) 78 88 97 107 116 81.77 CNR Daily 81.77 Feb '26 Mar '26 May '26 Jun '26
My Notes value - CNR attracts contrarian value investors betting on cyclical coal price recoveries and special situation investors focused on asset… Rising rates negatively impact CNR through multiple channels: higher financing costs for equipment and working capital (though 0.11 D/E… Watch on earnings: Premium Low Vol HCC metallurgical coal index pricing (Australian benchmark), Central Appalachian thermal coal spot prices (CAPP index), Henry Hub natural gas prices (coal-to-gas switching threshold typically $3-3.50/MMBtu). One Sentence Summary: Core Natural Resources: the story is balanced — metallurgical coal benchmark pricing (premium low vol hcc index) - directly impacts contract renegotiations and spot sales.
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.