CNR (Core Natural Resources) EBIT: $-96 Mil (TTM As of Mar. 2026)


CNR Core Natural Resources Inc CNR
85 GF Score
Price $80.83
GF Value $95.55
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Core Natural Resources EBIT?

Core Natural Resources CNR -1.73% 85 EBIT is $-96 Mil as of Mar. 2026. GuruFocus rates CNR with a GF Score™ of 85/100 and a GF Value™ of $95.55 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Core Natural Resources's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-96 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Core Natural Resources's annualized ROC % for the quarter that ended in Mar. 2026 was 1.77%. Core Natural Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Core Natural Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.34%.


Core Natural Resources  (NYSE:CNR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Core Natural Resources's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=90.876 * ( 1 - 0% )/( (5131.915 + 5119.805)/ 2 )
=90.876/5125.86
=1.77 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6130.053 - 565.964 - ( 432.174 - max(0, 838.289 - 1340.222+432.174))
=5131.915

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6055.921 - 523.408 - ( 412.708 - max(0, 746.972 - 1270.811+412.708))
=5119.805

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Core Natural Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=127.236/( ( (4386.882 + max(114.159, 0)) + (4375.493 + max(117.478, 0)) )/ 2 )
=127.236/( ( 4501.041 + 4492.971 )/ 2 )
=127.236/4497.006
=2.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(349.233 + 374.759 + 130.128) - (565.964 + 0 + 173.997)
=114.159

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(369.889 + 369.08 + 82.063) - (523.408 + 0 + 180.146)
=117.478

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Core Natural Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-96.296/4116.787
=-2.34 %

* 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 EBIT Related Terms


Core Natural Resources EBIT Historical Data

* Premium members only.

The historical data trend for Core Natural Resources's EBIT 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 EBIT Chart

Core Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.75 621.08 807.20 352.84 -193.58

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
EBIT 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 -65.47 -19.39 -10.79 -97.92 31.81

CNR vs BTU, ARLP, NRP: EBIT Comparison

For the Thermal Coal subindustry, Core Natural Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Core Natural Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Core Natural Resources's EV-to-EBIT falls into.


CNR
85GF Score
Core Natural Resources Inc CNR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Core Natural Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-96 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-96 Mil mean?
Core Natural Resources (CNR) has a EBIT of $-96 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Core Natural Resources.
Is Core Natural Resources' EBIT too high?
Core Natural Resources' current EBIT is $-96 Mil. Overall, Core Natural Resources has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Core Natural Resources' EBIT compare to BTU and ARLP?
Core Natural Resources' EBIT of $-96 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 EBIT for an Other Energy Sources company?
A good EBIT depends on the Other Energy Sources industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Core Natural Resources. Core Natural Resources's current EBIT is $-96 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 $95.55, compared to a current price of $80.83 — trading 15.4% below its estimated fair value. The current EBIT is $-96 Mil. Core Natural Resources' overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Core Natural Resources (CNR), the current EBIT is $-96 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 $80.83 is trading 15.4% below its estimated GF Value™ of $95.55. GuruFocus considers Core Natural Resources to be Modestly Undervalued.

Key valuation signals for CNR:

  • EBIT: $-96 Mil
  • GF Value™: $95.55 vs. price of $80.83 (15.4% below fair value)
  • GF Score™: 85/100 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.
85GF Score

Get the complete analysis for CNR

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$80.83
Price
$95.55
GF Value