Core Natural Resources, Inc.
Core Natural Resources, Inc., together with its subsidiaries, produces, sells, and exports metallurgical and thermal coals in the United States and internationally. It operates through the High CV Thermal; Metallurgical; Powder River Basin (PRB); and Core Marine Terminal segments. The High CV Thermal segment consists of Pennsylvania Mining Complex and the West Elk mine located in Colorado. The Me… Read more
Core Natural Resources, Inc. (CNR) - Net Assets
Latest net assets as of December 2025: $3.68 Billion USD
Based on the latest financial reports, Core Natural Resources, Inc. (CNR) has net assets worth $3.68 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.13 Billion) and total liabilities ($2.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.68 Billion |
| % of Total Assets | 60.0% |
| Annual Growth Rate | 16.91% |
| 5-Year Change | 446.69% |
| 10-Year Change | 1207.51% |
| Growth Volatility | 4657.58 |
Core Natural Resources, Inc. - Net Assets Trend (1992–2025)
This chart illustrates how Core Natural Resources, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Core Natural Resources, Inc. (1992–2025)
The table below shows the annual net assets of Core Natural Resources, Inc. from 1992 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.68 Billion | +134.54% |
| 2024-12-31 | $1.57 Billion | +16.73% |
| 2023-12-31 | $1.34 Billion | +15.24% |
| 2022-12-31 | $1.17 Billion | +73.28% |
| 2021-12-31 | $672.81 Million | +21.55% |
| 2020-12-31 | $553.52 Million | -3.30% |
| 2019-12-31 | $572.39 Million | +3.77% |
| 2018-12-31 | $551.61 Million | +60.52% |
| 2017-12-31 | $343.64 Million | +22.15% |
| 2016-12-31 | $281.32 Million | -73.51% |
| 2015-12-31 | $1.06 Billion | +330.59% |
| 2014-12-31 | $246.60 Million | -2.45% |
| 2013-12-31 | $252.80 Million | +1.36% |
| 2012-12-31 | $249.40 Million | +4.31% |
| 2011-12-31 | $239.10 Million | +27194.52% |
| 2010-12-31 | $876.00K | -99.68% |
| 2009-12-31 | $272.40 Million | -56.33% |
| 2008-12-31 | $623.80 Million | +15.58% |
| 2007-12-31 | $539.70 Million | +8.29% |
| 2006-12-31 | $498.40 Million | +12.23% |
| 2005-12-31 | $444.10 Million | +10.69% |
| 2004-12-31 | $401.20 Million | +20.92% |
| 2003-12-31 | $331.80 Million | +9.32% |
| 2002-12-31 | $303.50 Million | -8.13% |
| 2001-12-31 | $330.34 Million | +5.17% |
| 2000-12-31 | $314.11 Million | +13.27% |
| 1999-12-31 | $277.30 Million | +24.02% |
| 1998-12-31 | $223.60 Million | +51.29% |
| 1997-12-31 | $147.80 Million | +27.19% |
| 1996-12-31 | $116.20 Million | +101.39% |
| 1995-12-31 | $57.70 Million | +45.34% |
| 1994-12-31 | $39.70 Million | +38.33% |
| 1993-12-31 | $28.70 Million | +35.38% |
| 1992-12-31 | $21.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Core Natural Resources, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7846.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $818.48 Million | 22.25% |
| Common Stock | $510.00K | 0.01% |
| Other Components | $2.86 Billion | 77.73% |
| Total Equity | $3.68 Billion | 100.00% |
Core Natural Resources, Inc. Competitors by Market Cap
The table below lists competitors of Core Natural Resources, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coca-Cola FEMSA S.A.B. de C.V
PINK:COCSF
|
$4.91 Billion |
|
Hwatsing Technology Co. Ltd. A
SHG:688120
|
$4.91 Billion |
|
Global Net Lease Inc.
NYSE:GNL-PE
|
$4.92 Billion |
|
Max Financial Services Limited
NSE:MFSL
|
$4.92 Billion |
|
Lien Viet Post Joint Stock Commercial Bank
VN:LPB
|
$4.91 Billion |
|
Ameris Bancorp
NASDAQ:ABCB
|
$4.91 Billion |
|
Hashicorp Inc
NASDAQ:HCP
|
$4.91 Billion |
|
U-Haul Holding Company
NYSE:UHAL
|
$4.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Core Natural Resources, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,568,247,000 to 3,678,234,000, a change of 2,109,987,000 (134.5%).
- Net loss of 153,216,000 reduced equity.
- Dividend payments of 26,264,000 reduced retained earnings.
- Share repurchases of 224,264,000 reduced equity.
- Other comprehensive income increased equity by 134,573,000.
- Other factors increased equity by 2,379,158,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-153.22 Million | -4.17% |
| Dividends Paid | $26.26 Million | -0.71% |
| Share Repurchases | $224.26 Million | -6.1% |
| Other Comprehensive Income | $134.57 Million | +3.66% |
| Other Changes | $2.38 Billion | +64.68% |
| Total Change | $- | 134.54% |
Book Value vs Market Value Analysis
This analysis compares Core Natural Resources, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.87x to 1.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $10.01 | $98.78 | x |
| 1993-12-31 | $10.93 | $98.78 | x |
| 1994-12-31 | $14.81 | $98.78 | x |
| 1995-12-31 | $21.38 | $98.78 | x |
| 1996-12-31 | $35.49 | $98.78 | x |
| 1997-12-31 | $43.21 | $98.78 | x |
| 1998-12-31 | $61.45 | $98.78 | x |
| 1999-12-31 | $72.80 | $98.78 | x |
| 2000-12-31 | $85.88 | $98.78 | x |
| 2001-12-31 | $90.90 | $98.78 | x |
| 2002-12-31 | $81.17 | $98.78 | x |
| 2003-12-31 | $87.45 | $98.78 | x |
| 2004-12-31 | $100.31 | $98.78 | x |
| 2005-12-31 | $106.47 | $98.78 | x |
| 2006-12-31 | $116.48 | $98.78 | x |
| 2007-12-31 | $129.78 | $98.78 | x |
| 2008-12-31 | $160.07 | $98.78 | x |
| 2009-12-31 | $11.10 | $98.78 | x |
| 2010-12-31 | $0.05 | $98.78 | x |
| 2011-12-31 | $-1.94 | $98.78 | x |
| 2012-12-31 | $-19.57 | $98.78 | x |
| 2013-12-31 | $5.39 | $98.78 | x |
| 2014-12-31 | $3.30 | $98.78 | x |
| 2015-12-31 | $32.47 | $98.78 | x |
| 2016-12-31 | $3.86 | $98.78 | x |
| 2017-12-31 | $7.25 | $98.78 | x |
| 2018-12-31 | $14.42 | $98.78 | x |
| 2019-12-31 | $16.08 | $98.78 | x |
| 2020-12-31 | $20.99 | $98.78 | x |
| 2021-12-31 | $18.94 | $98.78 | x |
| 2022-12-31 | $32.63 | $98.78 | x |
| 2023-12-31 | $40.54 | $98.78 | x |
| 2024-12-31 | $52.61 | $98.78 | x |
| 2025-12-31 | $71.54 | $98.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Core Natural Resources, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.68%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.67x
- Recent ROE (-4.17%) is above the historical average (-116.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 16.98% | 4.56% | 2.31x | 1.61x | $1.48 Million |
| 1993 | 21.95% | 4.68% | 2.88x | 1.63x | $3.43 Million |
| 1994 | 25.94% | 6.14% | 2.65x | 1.60x | $6.33 Million |
| 1995 | 29.46% | 7.26% | 2.82x | 1.44x | $11.23 Million |
| 1996 | 21.34% | 7.45% | 2.10x | 1.36x | $13.18 Million |
| 1997 | 18.88% | 6.84% | 2.08x | 1.33x | $13.12 Million |
| 1998 | 16.68% | 5.52% | 0.82x | 3.68x | $14.94 Million |
| 1999 | 16.91% | 5.01% | 1.09x | 3.09x | $19.17 Million |
| 2000 | 16.54% | 5.10% | 1.16x | 2.80x | $20.53 Million |
| 2001 | 5.01% | 1.73% | 1.14x | 2.54x | $-16.50 Million |
| 2002 | 10.31% | 3.28% | 1.32x | 2.38x | $954.10K |
| 2003 | 6.87% | 2.54% | 1.26x | 2.15x | $-10.38 Million |
| 2004 | 11.20% | 4.14% | 1.39x | 1.95x | $4.82 Million |
| 2005 | 12.60% | 4.95% | 1.14x | 2.23x | $11.53 Million |
| 2006 | 14.80% | 4.70% | 1.20x | 2.62x | $23.92 Million |
| 2007 | 11.80% | 3.92% | 1.21x | 2.49x | $9.73 Million |
| 2008 | 12.65% | 4.47% | 1.28x | 2.21x | $16.52 Million |
| 2009 | -1504.03% | -77.17% | 1.58x | 12.36x | $-751.94 Million |
| 2010 | -3068.15% | -3.09% | 1.55x | 639.87x | $-26.96 Million |
| 2011 | 0.00% | -1.03% | 1.71x | 0.00x | $-6.33 Million |
| 2012 | 0.00% | 1.33% | 1.54x | 0.00x | $52.45 Million |
| 2013 | -5.08% | -0.98% | 1.68x | 3.09x | $-38.12 Million |
| 2014 | 118.01% | 17.31% | 2.22x | 3.08x | $266.30 Million |
| 2015 | 33.81% | 22.90% | 0.47x | 3.16x | $216.20 Million |
| 2016 | 14.75% | 3.63% | 1.09x | 3.73x | $13.36 Million |
| 2017 | 33.11% | 5.12% | 0.49x | 13.25x | $47.20 Million |
| 2018 | 37.32% | 10.39% | 0.53x | 6.73x | $111.98 Million |
| 2019 | 17.46% | 5.53% | 0.51x | 6.19x | $32.48 Million |
| 2020 | -1.76% | -1.11% | 0.35x | 4.56x | $-65.11 Million |
| 2021 | 5.07% | 2.70% | 0.49x | 3.83x | $-33.17 Million |
| 2022 | 40.06% | 20.48% | 0.84x | 2.32x | $350.40 Million |
| 2023 | 48.82% | 26.17% | 0.94x | 1.99x | $521.55 Million |
| 2024 | 18.26% | 13.33% | 0.75x | 1.84x | $129.58 Million |
| 2025 | -4.17% | -3.68% | 0.68x | 1.67x | $-521.04 Million |
Industry Comparison
This section compares Core Natural Resources, Inc.'s net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $9,654,156,004
- Average return on equity (ROE) among peers: -25.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Core Natural Resources, Inc. (CNR) | $3.68 Billion | 16.98% | 0.67x | $4.91 Billion |
| AIM Energy Inc (AEXE) | $-1.47 Million | 0.00% | 0.00x | $110.24K |
| Morien Resources Corp (APMCF) | $2.27 Million | -24.69% | 0.20x | $8.67 Million |
| Alliance Resource Partners LP (ARLP) | $-46.55 Million | 0.00% | 0.00x | $2.47 Billion |
| Peabody Energy Corp (BTU) | $2.73 Billion | -28.86% | 3.84x | $3.53 Billion |
| Consol Energy Inc (CEIX) | $551.61 Million | 27.73% | 4.00x | $2.71 Billion |
| Colombia Energy Resources Inc (CERX) | $-129.93K | 0.00% | 0.00x | $0.92 |
| China Shenhua Energy Co Ltd (CSUAY) | $84.21 Billion | 19.52% | 0.94x | $97.80 Billion |
| Southstone Minerals Limited (FDGMF) | $995.43K | -225.71% | 4.43x | $65.85K |
| Feishang Anthracite Resources Limited (FSHRF) | $-551.82 Million | 0.00% | 0.00x | $1.85 Million |