Core Natural Resources, Inc.
In the published model solve dated 2026-Q2, anchored at $99.62, Core Natural Resources, Inc. (CNR) is priced for +1.7% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Steel, not electricity, is now the fastest growing end market here: metallurgical coal sold into export markets went from 15% of coal revenue in 2023 to 28% in 2025, while the industrial export share fell from 40% to 20% over the same stretch. • Trailing results are a loss, with the operating margin at -1.2%, so every valuation statement about this company rests on a through-the-cycle figure rather than on what the last twelve months produced. • Roughly $3.5 billion of coal is already under co
Is CNR overvalued? See what's priced in →
366 institutional managers reported holding CNR in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 54%. 74 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 1.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CNR's share count grew 48.1% over the past five years even with $736.45M spent on repurchases. It pays a dividend, and has for 4 years running; the current rate is $0.40 a share annually. Cash returned over the past three years: $47.23M in dividends and $595.93M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CNR over the trailing three years: 2025: 1 buy totaling $502k. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CNR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-03 | +1.1% | +11.7% |
| 2023-08-09 | +14.6% | +27.5% |
| 2023-11-01 | -5.6% | +6.2% |
| 2024-02-10 | -8.7% | +0.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CNR's latest 8-K filings: 2026-08-19 (items 5.02, 7.01, 9.01); 2026-08-06 (items 2.02, 7.01, 9.01); 2026-06-04 (items 7.01, 9.01); 2026-05-19 (items 1.04); 2026-05-07 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.