Benchmark Co. Reiterates ‘Buy’ Rating on Core Natural Resources, Inc. (CNR)

Core Natural Resources, Inc. (NYSE:CNR) is included in our list of the 11 Best Coal Stocks to Buy According to Hedge Funds.

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Nathan Martin of Benchmark Co. reiterated his ‘Buy’ rating for Core Natural Resources, Inc. (NYSE:CNR) on August 5, 2025, pointing to the company’s solid second-quarter performance and strategic momentum. Despite higher idling costs at Leer South, the business reported adjusted EBITDA of $144 million, above both benchmark and consensus projections.

Additionally, Core Natural Resources, Inc. (NYSE:CNR) increased shareholder returns and synergy targets by repurchasing $82 million in stock and paying out approximately $200 million in dividends and buybacks in the first half, exceeding its free cash flow levels. Operational resiliency is further demonstrated by updated sales and cost projections, a trend bolstered by favorable federal royalty rates and growing U.S. demand.

Martin emphasized Core Natural Resources, Inc. (NYSE:CNR)’s ability to deliver consistent performance and create long-term value in a difficult coal market, with further benefits from blending synergies once export markets recover.

Producing and exporting thermal and metallurgical coal, Core Natural Resources, Inc. (NYSE:CNR) runs the CONSOL Marine Terminal and the Pennsylvania Mining Complex for both domestic and foreign markets. It is one of the Best Coal Stocks.

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