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Core Natural Resources (CNR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Core Natural Resources (CNR) Q3 2026 earnings results →
Q3 2026 Revenue up 14% year over year to $1.1B · 1¢ of every $1 of revenue kept as net profit · operating margin 0.6%
Core Natural Resources made $1.1B in Q3 2026 (+14% Y/Y): Coal $1.1B, Third-Party Terminal Revenue $9.2M. Operating margin 0.6%, net earnings $9.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.1B in Q3 2026, up 14% year over year and roughly flat from the previous quarter. Power Generation was the largest line at 40% of revenue. Metallurgical added $0.12B year over year (up 40%), 84% of the total change. Power Generation declined 5%.
Operating profit was $0.01B, a 0.6% margin (up 1.8 points year over year). Total costs grew 12% against revenue growth of 14%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $0.01B, down 72% year over year.
Operating cash flow was $0.17B (up 99% year over year), 1940% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $2.4M of share-based compensation. After capital Expenditures, net ($0.09B), free cash flow as the company reports it was $0.08B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $1.1B | +14% | 0.6% | $9.0M | $175M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $1.1B | +4% | 13.7% | $126M | $250M |
| Q1 2026 | 10-Q | May 7, 2026 | $1.1B | +7% | 3.0% | $21.0M | $119M |
| Q4 2025 | 10-K | Feb 17, 2026 | $1.0B | +62% | -9.3% | −$79.0M | $107M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $1.0B | +81% | -1.2% | $31.6M | $87.9M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $1.1B | +125% | -1.7% | −$36.6M | $220M |
| Q1 2025 | 10-Q | May 8, 2025 | $1.0B | +86% | -5.3% | −$69.3M | −$110M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Core Natural Resources
We are a world-class producer and exporter of high-quality, low-cost coals, including metallurgical and thermal coals. We play an essential role in meeting the world’s growing need for energy, steel, cement and other infrastructure solutions. Our products have global access due to our ownership interests in two marine export terminals and access to several other third-party owned terminals. We and our predecessors have been mining coal, primarily in the Appalachian Basin, since 1864. The Company was incorporated in Delaware on June 21, 2017 and became an independent, publicly-traded company on November 28, 2017 when our former parent separated its coal business and natural gas business into two independently traded public companies. We began regular-way trading under the name CONSOL Energy Inc. and ticker symbol CEIX on the New York Stock Exchange on November 29, 2017.
In its own words, from its 10-K, filed Feb 17, 2026.
Core Natural Resources against its Silver Ores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +24%. Operating margin: 0.6% against the peers' median 0.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CNR Core Natural Resources | Q3 2026 | $1.1B | +14% | 0.6% |
| CODQL Coronado Global Resources | Q2 2026 | $514M | +10% | -8.7% |
| HCC Warrior MET Coal | Q3 2026 | $508M | +55% | 10.0% |
| METC Ramaco Resources | Q3 2026 | $150M | +24% | -14.1% |
Source: Core Natural Resources 10-Q on SEC EDGAR · CIK 1710366 · Silver Ores
Guidance and outlook
13F: who owns CNR and who is buying
More on CNR
- How Core Natural Resources makes money: revenue by segment
- Core Natural Resources next earnings date and what analysts expect
- Core Natural Resources stock forecast, price target and fair value
- Who owns Core Natural Resources stock: holders, funds and Congress trades
- Core Natural Resources guidance and outlook
- Is Core Natural Resources a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results