Filing Flows › Core Natural Resources (CNR) › Q1 2025
Core Natural Resources (CNR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Core Natural Resources (CNR) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +86% from a year earlier and +58% from the quarter before. Operating margin was -5.3%, net loss $69.3M (6.8% of revenue).
Core Natural Resources, Q1 2025: revenue $1.0B (+86% year over year), operating margin -5.3%, net loss $69.3M, operating cash flow −$110M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +58% | +86% |
| Operating profit | −$53.9M | — | — |
| Net earnings | −$69.3M | — | — |
| Operating cash flow | −$110M | — | — |
What changed
Revenue was $1.0B in Q1 2025, up 86% year over year and up 58% from the previous quarter. Power Generation was the largest line at 43% of revenue. Metallurgical added $0.29B year over year (up 327%), 61% of the total change. Third-Party Terminal Revenue declined 53%.
Operating costs exceeded revenue by $0.05B, an operating margin of -5.3%. Total costs grew 153% against revenue growth of 86%. The fastest-growing cost line was Other operating costs (+235%). The quarter ended with a net loss of $0.07B, after a profit of $0.03B the previous quarter.
Operating cash flow was −$0.11B. Non-cash charges added back $0.12B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.20B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.17B.
Questions
What was Core Natural Resources' revenue in the first quarter 2025?
Core Natural Resources (CNR) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +86% from a year earlier and +58% from the quarter before.
Was Core Natural Resources profitable in the first quarter 2025?
Operating loss was $53.9M (-5.3% of revenue) and net loss $69.3M.