Power Generation was Core Natural Resources’s largest product and service line in fiscal 2025, bringing in $1.53B of $2.80B (55%).
| Product and Service | FY 2016 | FY 2017 | FY 2017 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic Coal Revenue | — | — | — | — | ||||||||||||||
| Power Generation | $393.65M | $672.51M | $649.06M | $1.53B | ||||||||||||||
| Coal | — | $717.63M | — | — | ||||||||||||||
| Coal Revenue | — | — | — | — | ||||||||||||||
| Industrial | $411.10M | $34.45M | $732.81M | $1.07B | ||||||||||||||
| Export Coal Revenue | — | — | — | — | ||||||||||||||
| Metallurgical | $305.25M | $762.79M | $503.76M | $157.18M | ||||||||||||||
| Freight Revenue | $182.44M | — | — | — | ||||||||||||||
| Terminal Revenue | $78.92M | $47.90M | $31.06M | $21.48M | ||||||||||||||
| Other Revenue | — | — | $15.71M | $13.82M | ||||||||||||||
| Total | $1.37B | $2.24B | $1.93B | $2.80B |
Core Natural Resources brought in $2.80B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 44.7% from $1.93B in fiscal 2024. Power Generation was the largest at $1.53B (54.8%), ahead of Industrial at $1.07B (38.4%) and Metallurgical at $157.18M (5.6%). The other two lines brought in $35.29M combined.
Compared with fiscal 2024, Power Generation grew fastest, up 136.0% to $1.53B, while Metallurgical fell the most, down 68.8% to $157.18M.
Core Natural Resources began breaking out Other Revenue in fiscal 2024, when it brought in $15.71M. Core Natural Resources stopped reporting Coal ($717.63M in fiscal 2023) and Freight Revenue ($182.44M in fiscal 2022) as separate lines.
Metallurgical was Core Natural Resources’s largest segment in fiscal 2025, bringing in $1.20B of $2.01B (60%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| High Cv Thermal | $2.36B | $2.00B | — | |||||||
| Pamc | — | — | — | |||||||
| Pennsylvania Mining Complex | — | — | — | |||||||
| Prb | — | — | $718.78M | |||||||
| Metallurgical | $98.94M | $113.07M | $1.20B | |||||||
| Core Marine Terminal | $106.17M | $87.75M | $87.68M | |||||||
| Consol Marine Terminal | — | — | — | |||||||
| Other | — | — | — | |||||||
| Total | $2.56B | $2.21B | $2.01B |
Core Natural Resources brought in $2.01B from its three segments in fiscal 2025, the year ended December 31, 2025. That is less than the $2.80B it reports by product and service, so these segments do not cover all of its revenue. Metallurgical was the largest at $1.20B (59.8%), ahead of Prb at $718.78M (35.8%) and Core Marine Terminal at $87.68M (4.4%).
Compared with fiscal 2024, Metallurgical grew 963.1% to $1.20B, while Core Marine Terminal fell 0.1% to $87.68M. Some of that change comes from Core Natural Resources regrouping its segments.
Core Natural Resources began breaking out Prb in fiscal 2025, when it brought in $718.78M. Core Natural Resources stopped reporting High Cv Thermal as a separate segment after fiscal 2024, when it brought in $2.00B.
Export was Core Natural Resources’s largest region in fiscal 2025, bringing in $1.17B of $1.33B (88%).
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Export | $393.65M | $965.54M | $732.81M | $1.17B | ||
| Domestic | $944.53M | $717.63M | $713.73M | $157.18M | ||
| Total | $1.34B | $1.68B | $1.45B | $1.33B |
Core Natural Resources brought in $1.33B from its two regions in fiscal 2025, the year ended December 31, 2025. That is less than the $2.80B it reports by product and service, so these regions do not cover all of its revenue. Export was the largest at $1.17B (88.2%), ahead of Domestic at $157.18M (11.8%).
Compared with fiscal 2024, Export grew 59.9% to $1.17B, while Domestic fell 78.0% to $157.18M.
Core Natural Resources (CNR) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Power Generation was its largest product and service line, bringing in $1.53B (54.8% of the total), followed by Industrial at $1.07B (38.4%).
Power Generation was Core Natural Resources' largest product and service line in fiscal 2025, bringing in $1.53B, or 54.8% of the $2.80B total across its five product and service lines.
Metallurgical was Core Natural Resources' largest segment in fiscal 2025, bringing in $1.20B, or 59.8% of the $2.01B total across its three segments.
Export was Core Natural Resources' largest region in fiscal 2025, bringing in $1.17B, or 88.2% of the $1.33B total across its two regions.
Among Core Natural Resources' product and service lines that make up at least 2% of revenue, Power Generation grew fastest in fiscal 2025, up 136.0% from $649.06M to $1.53B.
Every figure comes from Core Natural Resources' annual financial filings, as reported. Each line keeps the name Core Natural Resources gives it, and years follow its fiscal calendar.
Core Natural Resources' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.