Here’s Why Core Natural Resources (CNR) Declined 27.6% in Q1

insidermonkey
2025.04.25 11:52
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Core Natural Resources, Inc. (CNR) experienced a significant decline of 27.6% in Q1 2025, as highlighted in Greenlight Capital's investor letter. The company, formed from the merger of Arch Resources and CONSOL Energy, has faced challenges due to falling coal prices and reduced production from a mine fire. Despite these setbacks, CNR maintains a conservative balance sheet and potential for stock repurchases. The stock closed at $75.19 with a market cap of $4.019 billion, while hedge fund interest in CNR has increased.