Core Natural Resources (CNR) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.18
- Estimate
- $0.63
- Surprise
- -71.6%
- Revenue (period 2026-09-30)
- $1.15B
- Score today
- 4.9/10
Revenue source: xbrl.
How the report landed
Core Natural Resources (CNR) missed the $0.63 estimate with adjusted EPS of $0.18 — a large 71.6% shortfall.
Coverage in the report window
- CN Sets New All-Time Monthly Record for Grain Shipments in October 2026 — fiscal.ai, 2026-11-05
- Core Natural Resources, Inc. Reports Third Quarter 2026 Financial Results — fiscal.ai, 2026-11-05
- Core Natural Resources Repurchased 930,611 Shares In Q3 For $84.7M; $586.1M Remains Under $1.0B Authorization; Declares — benzinga, 2026-11-05
Where TrendMatrix's rating stands now
TrendMatrix currently rates CNR Sell at 4.9/10; no pre/post engine snapshot brackets this report.
2 of the last 4 quarters beat the estimate; this quarter's -71.6% surprise compares with a +98.0% four-quarter average.
What argues against it
- Commodity cycle peak: fwd P/E 11.6× (below 12) + fwd/trail 0.24× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
- Concentration risk — Customer: U.S. electric power generators (68.0%)
- Quality below floor (3.6 < 4.0)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $79.53
- Price target
- $93.92
- Stop
- $73.96
- Upside to target
- +18.1%
- Reward-to-risk
- 1.8:1
The stock trades at 47.9× trailing but 11.6× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — shown for context, not personalized investment advice.
CNR at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Thermal Coal
- Market cap
- $3.73B
- P/E (fwd)
- 11.6
- P/E (ttm)
- 47.9
- 52-week range
- $73.31–$114.80
- Off 52-week high
- 30.7%
- RSI (14)
- 34
- Volume vs avg
- 0.29×
- Score today
- 4.9/10