CNR (Core Natural Resources) Shares Outstanding (EOP): 51 Mil (As of Mar. 2026)


CNR Core Natural Resources Inc CNR
81 GF Score
Price $80.02
GF Value $95.53
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Core Natural Resources Shares Outstanding (EOP)?

Core Natural Resources CNR +1.14% 81 Shares Outstanding (EOP) is 51 Mil as of Mar. 2026. GuruFocus rates CNR with a GF Score™ of 81/100 and a GF Value™ of $95.53 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Core Natural Resources's shares outstanding for the quarter that ended in Mar. 2026 was 51 Mil.

Core Natural Resources's quarterly shares outstanding declined from Dec. 2025 (51 Mil) to Mar. 2026 (51 Mil). It means Core Natural Resources bought back shares from Dec. 2025 to Mar. 2026 .

Core Natural Resources's annual shares outstanding increased from Dec. 2024 (29 Mil) to Dec. 2025 (51 Mil). It means Core Natural Resources issued new shares from Dec. 2024 to Dec. 2025 .


Core Natural Resources  (NYSE:CNR) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Core Natural Resources Shares Outstanding (EOP) Related Terms


Core Natural Resources Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for Core Natural Resources's Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Core Natural Resources Shares Outstanding (EOP) Chart

Core Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (EOP)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.48 34.75 29.91 29.41 50.98

Core Natural Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.64 51.48 51.22 50.98 50.57

CNR vs ARLP, BTU, NRP: Shares Outstanding (EOP) Comparison

For the Thermal Coal subindustry, Core Natural Resources's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Core Natural Resources Shares Outstanding (EOP) vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Core Natural Resources's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Core Natural Resources's Shares Outstanding (EOP) falls into.


CNR
81GF Score
Core Natural Resources Inc CNR
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
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Core Natural Resources Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 51 Mil mean?
Core Natural Resources (CNR) has a Shares Outstanding (EOP) of 51 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Core Natural Resources and its competitors.
Is Core Natural Resources' Shares Outstanding (EOP) too high?
Core Natural Resources' current Shares Outstanding (EOP) is 51 Mil. Overall, Core Natural Resources has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Core Natural Resources' Shares Outstanding (EOP) compare to ARLP and BTU?
Core Natural Resources' Shares Outstanding (EOP) of 51 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Other Energy Sources company?
A good Shares Outstanding (EOP) depends on the Other Energy Sources industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Core Natural Resources and its competitors. Core Natural Resources's current Shares Outstanding (EOP) is 51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Core Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Core Natural Resources (CNR) is currently considered Modestly Undervalued. The stock's GF Value™ is $95.53, compared to a current price of $80.02 — trading 16.2% below its estimated fair value. The current Shares Outstanding (EOP) is 51 Mil. Core Natural Resources' overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Core Natural Resources (CNR), the current Shares Outstanding (EOP) is 51 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Core Natural Resources (CNR) Overvalued in 2026?

Based on GuruFocus' analysis, Core Natural Resources stock appears to be undervalued. The current stock price of $80.02 is trading 16.2% below its estimated GF Value™ of $95.53. GuruFocus considers Core Natural Resources to be Modestly Undervalued.

Key valuation signals for CNR:

  • Shares Outstanding (EOP): 51 Mil
  • GF Value™: $95.53 vs. price of $80.02 (16.2% below fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the CNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Core Natural Resources Business Description

Other Exchanges C9X0:Germany
Address 275 Technology Drive, Suite 101, Canonsburg, PA, USA, 15317-9565
Core Natural Resources Inc is a producer and exporter of metallurgical and thermal coal. The company owns and operates longwall mining operations in the nation and export terminals on the Eastern seaboard. The activities of the company involves mining of thermal coal, power generation, and other related activities.
81GF Score

Get the complete analysis for CNR

Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$80.02
Price
$95.53
GF Value