$CNR

Core Natural Resources Seeing Improving Performance, Limited Earnings Leverage, UBS Says

Core Natural Resources' (CNR) operations have seen meaningful improvements amid rising EBITDA and decreased unit costs, but the company's contracting position may cap its earnings leverage in 2027, UBS said in a note emailed Wednesday.The company still offers the "strongest near-term buyback among US coal producers" but much of the company's operational recovery seems to be reflected in its valuation, the note said.UBS noted that the company saw an over 15% share price gain in the last month and over 35% in the last month.The investment firm said it still expects the company's adjusted EBITDA to rise to about $1.09 billion in 2028, versus consensus estimates of $1.03 billion, but its "operational stability is now less compelling given the elevated trading multiple."UBS said it is "constructive on the quality of the asset base and capital returns, but see the risk-reward now as more balanced following the stock's strong run."UBS downgraded the company to neutral from buy and increased its price target to $105 per share from $101.Price: $94.50, Change: $+2.47, Percent Change: +2.68%

UBS Downgrades Core Natural Resources to Neutral From Buy, Adjusts Price Target to $105 From $101

Core Natural Resources (CNR) has an average rating of buy and mean price target of $109.60, according to analysts polled by FactSet.

UBS Downgrades Core Natural Resources to Neutral From Buy, Adjusts Price Target to $105 From $101

Core Natural Resources, Inc. (CNR) has an average rating of buy and mean price target of $109.60, according to analysts polled by FactSet.

Core Natural Resources Shares Rise After Q2 Swings to Profit, Revenue Increases

Core Natural Resources (CNR) shares rose 3.4% in early trading Thursday after its Q2 swung to a profit and revenue increased.The company reported Q2 earnings Thursday of $2.51 per diluted share, swinging from a loss of $0.70 a year earlier.Four analysts polled by FactSet expected $0.60.Revenue for the quarter ended June 30 was $1.14 billion, up from $1.10 billion a year earlier.Four analysts expected $1.11 billion.Price: $86.50, Change: $+2.81, Percent Change: +3.36%

Earnings Flash (CNR) Core Natural Resources Posts Q2 EPS $2.51, vs. FactSet Est of $0.77

UBS Adjusts Price Target on Core Natural Resources to $100 From $107, Maintains Buy Rating

Core Natural Resources (CNR) has an average rating of buy and mean price target of $110.20, according to analysts polled by FactSet.Price: $80.78, Change: $+1.60, Percent Change: +2.02%

Research Alert: CFRA Keeps Hold Opinion On Shares Of Canadian National Railway

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by CAD12 to CAD160, valuing CNR shares at 20x our 2026 EPS estimate of CAD7.85 (up from CAD7.64) and at 18.5x our 2027 EPS estimate of CAD8.65 (up from CAD8.45)vs. the shares' one-year average forward multiple of 18x and a peer average of 22.6x. We see revenue growth of 3% in 2026, with a rise of 4% in 2027. Q1 2026 results were mixed. Total revenues were -1% to CAD4,379M as a record Q1 RTM level of 61,834M (+3% volume) was more than offset by freight revenue per RTM (-3%). The yield pressure was primarily due to the negative translation impact of a stronger Canadian dollar and the elimination of the Canadian federal carbon tax program on April 1, 2025, which collectively overshadowed benefits from freight rate increases and higher fuel surcharge rates. On a constant currency basis, revenues would have grown 2%, demonstrating underlying business momentum. We expect some of these pressures to ease as the year progresses. We currently view the shares as fairly valued.

B. Riley Adjusts Core Natural Resources PT to $116 From $119, Maintains Buy Rating

B. Riley Adjusts Core Natural Resources PT to $116 From $119, Maintains Buy Rating

Research Alert: Canadian National Railway Posts Mixed Q1 Results As Eps Beats, Revenue Lags

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Canadian National Railway (CNR) posted Q1 adjusted EPS of CAD1.80, topping our CAD1.73 estimate but missing consensus CAD1.81, while revenue declined 1% to CAD4.38B as 3% volume growth was offset by 3% freight revenue per RTM decline from FX and carbon tax elimination impacts. Operating ratio deteriorated 80 bps to 64.2% as cost inflation offset revenue pressure, with the company delivered record Q1 operational performance including fuel efficiency up 3%, car velocity up 6%, and employee productivity up 8%. Mixed commercial results saw grain/fertilizers grow 10% while metals/minerals declined 11%, with free cash flow up 44% to CAD900M supporting CAD869M in share repurchases. Management reiterated expectations for flattish RTM growth in 2026 with EPS growth slightly exceeding volume growth amid heightened demand risk from macroeconomic volatility and trade tensions. We view the strong operational metrics and cash generation positively, though revenue headwinds and margin pressure remain near-term concerns.