Core Natural Resources, Inc.

Listed Company

CNRCIK 0001710366NYSELarge AcceleratedSilver OresDistrict of ColumbiaFY ends Dec 31

Period

FY 2025

Revenue

$4.16B

Net Income

$-153.22M

Total Assets

$6.13B

Equity

$3.68B

Shares Out

50.98M

Op. Cash Flow

$305.75M

Business

Core Natural Resources, Inc. is a producer and exporter of high-quality, low-cost coals and owner of marine export terminal interests serving seaborne and domestic markets. The company produces metallurgical and thermal coal and provides coal export terminal services, logistics and related marketing and sales activities, and pursues coal-derived materials and carbon product innovations through its innovations subsidiary. Its operations include large longwall and continuous miner thermal and metallurgical mining complexes and associated preparation and loadout facilities. It distributes coal domestically by rail and to international customers via East Coast, West Coast and Gulf Coast ports.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	4,165	2,164	2,507	2,280	1,261
Cost of Sales (exclusive of items shown separately below)	3,545	1,431	1,378	—	—
Depreciation, Depletion and Amortization	621	224	241	227	225
General and Administrative Costs	215	115	103	—	—
Other Operating Income and Expense, net	−34	43	−19	—	—
Costs and Expenses	4,347	1,813	1,703	1,534	1,224
(Loss) Income from Operations	−182	351	803	—	—
Interest Expense	−40	−22	−29	—	—
Interest Income	26	19	14	—	—
Loss on Debt Extinguishment	−12	0	−3	6	−657,000
Non-Service Related Pension and Postretirement Benefit Costs	−26	−17	−7	—	—
(Loss) Earnings Before Income Tax	−234	331	778	568	35
Income Tax (Benefit) Expense (Note 5)	−80	44	122	101	1
Net (Loss) Income	−153	286	656	467	34
Total Basic (Loss) Earnings per Share (in dollars per share)	−2.98	9.65	19.91	13.41	0.99
Total Diluted (Loss) Earnings per Share (in dollars per share)	−2.98	9.61	19.79	13.07	0.96
Dividends Declared per Common Share (in dollars per share)	0.4	0.5	2.2	2.05	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	432	408	199	273	150
Short-Term Investments (Note 6)	0	52	—	—	—
Trade Receivables, net	349	137	148	158	104
Other Receivables, net	54	26	13	39	12
Inventories (Note 9)	375	96	88	66	63
Other Current Assets	130	67	—	—	—
Total Current Assets	1,340	786	601	598	386
Total Property, Plant and EquipmentNet (Note 10)	4,387	1,922	1,903	1,960	1,979
Funds for Asset Retirement Obligations (Note 8)	149	12	—	—	—
Pension Benefits (Note 15)	50	42	47	39	39
Other Noncurrent Assets, net	204	118	109	87	75
Total Other Assets	403	172	171	146	209
TOTAL ASSETS	6,130	2,880	2,675	2,704	2,574
Accounts Payable	336	144	137	130	77
Current Portion of Long-Term Debt (Note 13)	98	113	11	29	57
Other Accrued Liabilities (Note 12)	404	262	291	270	252
Total Current Liabilities	838	519	444	449	445
Long-Term Debt (Note 13)	317	80	182	342	568
Finance Lease Obligations (Note 14)	37	15	4	13	27
Total Long-Term Debt	354	95	186	355	595
Postretirement Benefits Other Than Pensions (Note 15)	187	176	208	233	330
Pneumoconiosis Benefits (Note 16)	261	145	155	148	203
Asset Retirement Obligations (Note 8)	496	212	213	222	211
Workers Compensation (Note 16)	70	36	39	41	58
Pension Benefits (Note 15)	21	20	21	21	26
Deferred Income Taxes (Note 5)	130	49	36	22	0
Other Noncurrent Liabilities	94	59	20	33	18
Total Deferred Credits and Other Liabilities	1,259	698	702	734	861
TOTAL LIABILITIES	2,452	1,311	1,332	1,539	1,901
Common Stock, $0.01 Par Value; 125,000,000 Shares Authorized, 50,975,185 Shares Issued and Outstanding at December 31, 2025; 62,500,000 Shares Authorized, 29,407,830 Shares Issued and Outstanding at December 31, 2024	510,000	294,000	299,000	347,000	345,000
Capital in Excess of Par Value	2,982	540	548	646	647
Retained Earnings	818	1,162	944	669	281
Accumulated Other Comprehensive Loss	−123	−135	−149	−150	−255
TOTAL STOCKHOLDERS' EQUITY	3,678	1,568	1,343	1,166	—
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	6,130	2,880	2,675	2,704	2,574

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, Depletion and Amortization	621	224	241	227	225
Gain on Sale of Assets	−7	−7	−9	−35	−12
Stock-Based Compensation	33	11	10	8	7
Deferred Income Taxes	−81	9	14	49	−15
Loss from Equity Method Investments	15	1	199,000	—	644,000
Other Adjustments to Net (Loss) Income	4	−371,000	2	4	644,000
Accounts and Notes Receivable	−64	−2	37	−53	45
Inventories	29	−8	−22	−3	−7
Other Current Assets	−5	−444,000	−5	—	—
Changes in Other Assets	18	8	−12	—	—
Accounts Payable	−24	5	11	39	11
Commodity Derivatives, net Liability	0	0	−15	−37	52
Other Operating Liabilities	−9	−25	3	14	27
Payments on Asset Retirement Obligations	−36	−30	−23	—	—
Changes in Other Liabilities	−47	6	−35	−21	−57
Net Cash Provided by Operating Activities	306	476	858	651	306
Capital Expenditures	−285	−178	−168	−172	−133
Proceeds from Sales of Assets	8	7	4	22	14
Proceeds from Sales of Short-Term Investments	80	101	123	0	0
Purchases of Short-Term Investments	−5	−67	−201	0	0
Net Cash and Restricted Cash Acquired from Merger	369	0	0	—	—
Purchase of Arch Tax-Exempt Bonds	−98	0	0	—	—
Investments in DTA	−16	0	0	—	—
Other Investing Activity	−5	−28	−18	8	−8
Net Cash Provided by (Used in) Investing Activities	48	−165	−259	−142	−127
Payments on Finance Lease Obligations	−13	−11	−25	−25	−27
Proceeds from Long-Term Debt Issuance	114	0	0	0	75
Payments on Other Debt	−14	−955,000	−981,000	−840,000	−731,000
Shares Withheld for Taxes	−16	−5	−13	−6	−2
Repurchases of Common Stock	−224	−71	−399	0	0
Debt-Related Financing Fees	−20	0	−3	−8	−2
Payments of Excise Tax on Share Repurchases	−934,000	−4	0	0	—
Dividends and Dividend Equivalents Paid	−26	−16	−75	−71	0
Net Cash Used in Financing Activities	−200	−107	−682	−380	−31
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash	154	204	−84	129	147

Filings

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