Core Natural Resources (CNR) FY2024 results: revenue $2.2 billion, down 13.7% on the year
Core Natural Resources, Inc. (CNR) reported revenue of $2.2 billion for fiscal 2024, the year ended 31 December 2024, down 13.7% on the year before. Net income was $286 million, down 56.3%, and diluted earnings per share $9.61. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$2.2 billion
-13.7% on the year
FY2017FY2024
Operating margin
16.2%
32.0% a year earlier
FY2017FY2024
Net income
$286 million
-56.3% on the year
FY2017FY2024
Diluted EPS
$9.61
-51.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
476
858
651
-44.5%
Capital expenditure
178
168
172
+6.1%
Free cash flow
298
690
479
-56.8%
Free cash flow margin
13.8%
27.5%
22.8%
Cash from investing
-165
-259
-142
Cash from financing
-107
-682
-380
Depreciation and amortisation
224
241
227
-7.4%
Share-based compensation
11.3
10.0
7.9
+13.0%
Buybacks
70.9
399
0.0
-82.3%
Dividends paid
15.9
75.5
71.5
-79.0%
Dividend per share
$0.50
$2.20
$2.05
-77.3%
Diluted shares, weighted
30m
33m
36m
-10.1%
Shares outstanding at period end
29m
30m
35m
-1.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,568
1,343
1,166
+16.7%
Debt
183
184
347
-0.0%
Operating lease liabilities
5.5
10.4
15.1
-47.4%
Finance lease liabilities
15.3
4.2
13.2
+265.1%
Other liabilities
1,107
1,133
1,163
-2.3%
Total liabilities and equity
2,880
2,675
2,704
+7.6%
Fixed assets
1,922
1,903
1,960
+1.0%
Investments
52.0
81.9
0.0
-36.5%
Cash and equivalents
408
199
273
+104.8%
Receivables
137
148
158
-7.4%
Inventory
96.2
88.2
66.3
+9.1%
Other assets
265
255
247
+3.9%
Total assets
2,880
2,675
2,704
+7.6%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.