Latest news with #CoreNaturalResources
E&E News
a day ago
- Business
- E&E News
Trump's coal frenzy clashes with market realities
President Donald Trump's mad dash to unleash more mining and burning of 'beautiful clean coal' across the U.S. is running face-first into unfavorable market realities. The president has vowed to reverse Biden-era policies, rev up U.S. mining, and keep aging coal-fired power plants alive. But hundreds of miners have been laid off in states like West Virginia in recent weeks, prices remain low and a growing number of small, metallurgical coal producers across the U.S. continue to declare bankruptcy. Last week, Core Natural Resources laid off 200 miners in West Virginia at a metallurgical coal mine. The announcement arrived after Coronado Global Resources laid off workers at its coal mine in the state. Miners were also laid off at Alpha Metallurgical Resources' mine in Boone County last year. At the same time, companies like Corsa Coal Corp. and Coking Coal, LLC, have declared bankruptcy, and some say the industry will continue to face turbulence. Advertisement 'I wouldn't be surprised if we see several other producers either go out of the market or … you'll see substantial cutbacks, layoffs,' Randall Atkins, founder of Kentucky-based Ramaco Resources, which mines both coal and rare earths, told POLITICO's E&E News. 'There are plenty of others that are not in good shape. There are more companies out there that are teetering.'
Washington Post
08-05-2025
- Business
- Washington Post
Core Natural Resources: Q1 Earnings Snapshot
CANONSBURG, Pa. — CANONSBURG, Pa. — Core Natural Resources, Inc. (CNR) on Thursday reported a loss of $69.3 million in its first quarter. The Canonsburg, Pennsylvania-based company said it had a loss of $1.38 per share. The coal company posted revenue of $1.02 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CNR at
Yahoo
26-04-2025
- Business
- Yahoo
Here's Why Core Natural Resources (CNR) Declined 27.6% in Q1
Greenlight Capital, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Partnerships have returned 8.2% in the first quarter net of fees and expenses, compared to -4.3% for the S&P 500 index. The fund returned 1.3% in the long portfolio on a gross basis, made 5.8% in the short portfolio, and made 5.3% in macro. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Greenlight Capital highlighted stocks such as Core Natural Resources, Inc. (NYSE:CNR). Core Natural Resources, Inc. (NYSE:CNR) was formed by merging Arch Resources and CONSOL Energy in January 2025. Core Natural Resources, Inc. (NYSE:CNR) is a US-based company involved in the production, distribution, and export of metallurgical and thermal coals. The one-month return of Core Natural Resources, Inc. (NYSE:CNR) was -4.25%, and its shares lost 12.72% of their value over the last 52 weeks. On April 24, 2025, Core Natural Resources, Inc. (NYSE:CNR) stock closed at $75.19 per share with a market capitalization of $4.019 billion. Greenlight Capital stated the following regarding Core Natural Resources, Inc. (NYSE:CNR) in its Q1 2025 investor letter: "The biggest long detractor was Core Natural Resources, Inc. (NYSE:CNR), which declined 27.6% during the quarter. CNR was formerly CONSOL Energy (CEIX). It completed its merger with Arch Resources in January. The combined and renamed company has suffered from falling coal prices in 2025 and reduced production due to a fire in one of its mines. There is also a risk that the escalating trade war could harm CNR's exports. However, the combined company has a conservative balance sheet and has the capacity to repurchase a lot of stock this year. It is also likely to benefit from President Trump's executive orders supporting the coal industry." A large coal mining complex on a sunny day, with heavy machinery moving vast amounts of earth. Core Natural Resources, Inc. (NYSE:CNR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Core Natural Resources, Inc. (NYSE:CNR) at the end of the fourth quarter compared to 31 in the third quarter. While we acknowledge the potential of Core Natural Resources, Inc. (NYSE:CNR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Core Natural Resources, Inc. (NYSE:CNR) and shared Black Bear Value Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Core Natural Resources to Announce First Quarter 2025 Results on May 8
CANONSBURG, Pa., April 24, 2025 /PRNewswire/ -- Core Natural Resources, Inc. (NYSE: CNR) will discuss its first quarter 2025 financial results in an investor conference call on Thursday, May 8, 2025 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 800-836-8184 approximately five to 10 minutes prior to the start time. For participants calling from an overseas location, please dial +1 646-357-8785. No passcode is needed. The call will also be webcast and will be accessible via the "investor" section of the Core website at Following the live event, a replay will be available on the site. Core's first quarter 2025 earnings release will be distributed via PR Newswire before the market opens on May 8 and will be posted to the company's website at that time. About Core Core Natural Resources is a world-class producer and exporter of high-quality, low-cost coals, including metallurgical and high calorific value thermal coals. The company operates a best-in-sector portfolio, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines. With a focus on seaborne markets, Core plays an essential role in meeting the world's growing need for steel, infrastructure, and energy, and has ownership interests in two marine export terminals. The company was created in January 2025 via the merger of long-time industry leaders CONSOL Energy and Arch Resources and is based in Canonsburg, Pennsylvania. Contacts: Investor:(314) 994-2766investorrelations@ Media:Erica Fisher(724) 416-8292ericafisher@ View original content to download multimedia: SOURCE Core Natural Resources, Inc. Sign in to access your portfolio
Axios
09-04-2025
- Business
- Axios
Trump coal plan tests whether AI, fed intervention can undo history
The conventional wisdom about U.S. coal's grim prognosis is a tad murkier after President Trump threw unprecedented government weight behind the fuel. Why it matters: His plan will test whether forces long battering coal — cheap gas, pollution regs, renewables' rise and more — can be undone by rising power demand and federal intervention. The big picture: It's early days, but equity markets are providing an initial verdict on Trump's orders issued Tuesday. The share prices of U.S. producers like Core Natural Resources, Alliance Resource Partners, Warrior Met Coal, and Peabody Energy leapt on the news. Driving the news: Policies in Trump's orders include: Pushing DOE to use emergency authorities to keep plants running if shutdowns might hinder reliability or adequate resources. Formally designating coal as a "mineral" to unlock support, including Defense Production Act resources, under a separate order last month. Leveraging federal loans and other financial support to aid the sector. DOE head Chris Wright signaled he wants to use billions of dollars in DOE loan office authority for coal-related projects. Using "categorical exclusions" from in-depth study under the National Environmental Policy Act for coal production and export projects. Telling the Justice Department to take "all appropriate action" to stop enforcement of state climate laws that target fossil fuels. Coal has been losing ground in U.S. power markets for nearly two decades. The fuel provided 16% of the nation's power last year, down from about half at the turn of the century, per Energy Department data. The intrigue: Trump vowed to rescue coal in his first term, too, but the decline continued. But unlike last time, the new efforts arrive as U.S. electricity demand is rising for the first time in many years, partly thanks to AI's energy thirst. Some utilities are already pushing back plans to shutter coal-fired plants. Longer lifetimes are more likely than companies building new coal units. "If we want to grow America's electricity production meaningfully over the next five or ten years, we [have] got to stop closing coal plants," Wright told CNBC's " Money Movers." And while U.S. coal demand has cratered, global use is still growing. Trump's new orders also push agencies to seek expanded export markets for U.S. coal. What we're watching: Strategies from environmentalists opposing the policies — including possible litigation.
