CNR Stock Forecast & Price Target

Core Natural Resources Inc. has demonstrated significant operational improvements, with labor productivity rising by 20% year-over-year, contributing to a positive outlook for the company. The total revenue for Q3 2025 reached $4,165 million, reflecting a 1% increase year-over-year, driven by higher volume and yield despite a minor decline in core pricing. Additionally, earnings per share (EPS) grew by 6% year-over-year to $1.83, surpassing consensus estimates, while projections for Intermodal volumes indicate continued growth opportunities moving into Q4 and beyond.

Core Natural Resources Inc. is facing a negative outlook primarily due to its reduced full-year EPS growth estimates, which have declined from original expectations of 10%-15% to mid to high single digits, indicating potential challenges in maintaining profitability. Furthermore, the recent quarterly performance revealed a slight revenue decrease of 1% year-over-year, along with a pricing compression reflected in the lowered P/E ratio to 17.5x, significantly below the company's five-year average. Additionally, the broader Metals and Minerals sector is experiencing downturns, as evidenced by a continuous decline in RTMs, coupled with several operational risks, including adverse economic conditions and severe weather, which threaten future volume growth.