CN Responds to Rejection of UP-NS Merger Application by STB
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2026
0mins
Should l Buy CNR?
Source: Globenewswire
- Merger Application Rejected: CN supports the Surface Transportation Board's decision to reject the UP-NS merger application due to its incompleteness, highlighting the necessity of full disclosure for assessing such significant transactions.
- Transparency Requirements: CN emphasizes that merger applications must be evaluated on a fully transparent record to ensure effective public interest and competition analysis, reflecting the stringent standards under the new merger rules.
- Importance of Information Disclosure: The Board noted that the applicants failed to provide critical information to assess potential competitive harms, and CN looks forward to robust participation once UP-NS submits a complete application, encouraging customers to engage in the STB process.
- Contribution of Transportation Network: CN safely transports over 300 million tons of natural resources and manufactured goods annually, with a nearly 20,000-mile rail network connecting Canada’s coasts to the U.S., contributing to sustainable trade and community prosperity since 1919.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CNR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CNR
Wall Street analysts forecast CNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNR is 117.40 USD with a low forecast of 100.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 87.060
Low
100.00
Averages
117.40
High
158.00
Current: 87.060
Low
100.00
Averages
117.40
High
158.00
About CNR
Core Natural Resources, Inc. is a producer of metallurgical and high calorific value thermal coals for the global marketplace. The Company has a logistical network that is anchored by ownership positions in two East Coast marine export terminals, providing access to seaborne markets. Its segments include High CV Thermal, Metallurgical, PRB and Baltimore Marine Terminal. The High CV Thermal segment consists of its Pennsylvania Mining Complex and the West Elk mine located in Colorado. The Metallurgical segment consists of the Company's Leer, Leer South, Beckley, Mountain Laurel and Itmann coal mines in West Virginia. The PRB segment consists of its Black Thunder and Coal Creek surface mining complexes located in Wyoming. The Baltimore Marine Terminal segment provides coal export terminal services through the Port of Baltimore. It has served various industries and markets, including steel & construction, industrial applications & power generation, and aerospace & advanced materials.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Core Natural Resources to Release Q4 2025 Financial Results
- Earnings Call Schedule: Core Natural Resources will hold an investor conference call on February 12, 2026, at 10:00 a.m. Eastern Time to discuss its Q4 2025 financial results, with the earnings release expected to be distributed via PR Newswire before market open, enhancing investor transparency.
- Call Access Information: Participants can dial 800-836-8184 five to ten minutes before the start time, with international callers using +1 646-357-8785, requiring no passcode, ensuring global investor participation and improving company-investor engagement.
- Webcast Availability: The call will be webcast on the Core website's investor section, with a replay available post-event, further enhancing information accessibility and company transparency, thereby fostering investor relations.
- Company Background: Core Natural Resources was formed in January 2025 through the merger of CONSOL Energy and Arch Resources, focusing on producing high-quality metallurgical and thermal coals to meet global steel and energy demands, showcasing strong market competitiveness and strategic significance.
See More
Core Natural Resources to Discuss Q4 2025 Financial Results on February 12, 2026
- Earnings Call Schedule: Core Natural Resources will hold an investor conference call on February 12, 2026, at 10:00 a.m. Eastern Time to discuss its fourth quarter 2025 financial results, which is expected to draw investor interest and provide insights into the company's financial health.
- Participation Details: Interested participants can dial 800-836-8184 approximately five to ten minutes before the call starts, with international callers using +1 646-357-8785, ensuring easy access for global investors without the need for a passcode.
- Webcast and Replay: The call will be webcast via the
See More
Ramaco Resources (METC) Upgraded to Buy by Jefferies with $30 Price Target
- Rating Upgrade: Jefferies upgraded Ramaco Resources from Hold to Buy with a $30 price target, indicating a clear upside risk to consensus met coal price forecasts, which could drive the stock higher.
- Geopolitical Impact: The ongoing escalation of geopolitical risks related to critical minerals is viewed positively for Ramaco's stock, potentially boosting investor confidence and attracting more capital inflows.
- Performance Dependency: Significant upside in Ramaco's shares is contingent upon rising met coal prices and operational performance, alongside the successful development of the Brook Mine rare earth elements project to unlock long-term growth potential.
- Industry Outlook: Jefferies analysts express optimism for coal miners, reiterating Buy ratings on Warrior Met Coal, Core Natural Resources, and Peabody Energy, reflecting confidence in the overall sector and potential investment opportunities.
See More
Railroad Stocks Decline Today Amidst Deal 'Drama'.
Union Pacific and Norfolk Southern Merger: Wall Street anticipated significant developments as Union Pacific sought to merge with Norfolk Southern, marking a historic combination in the rail industry.
Increased Tension: Recent events have heightened the drama surrounding the merger discussions, indicating that the situation is becoming more complex and contentious.
See More
Canadian National Railway Backs Rejection of Union Pacific-Norfolk Southern Merger Application
- Merger Application Rejected: Canadian National Railway supports the Surface Transportation Board's rejection of the Union Pacific-Norfolk Southern merger application, citing a lack of necessary information that fails to meet basic requirements, highlighting the importance of transparency and completeness in mergers.
- Importance of Information Transparency: CN emphasizes that the merger application lacks critical data needed to assess its impact on public interest, indicating that a complete record is essential for evaluating mergers under the new rules.
- Missing Competitive Analysis: CN points out that Union Pacific and Norfolk Southern failed to provide necessary information to evaluate potential competitive harms, underscoring the critical role of comprehensive information in merger reviews.
- Commitment to Future Applications: CN expresses its commitment to actively participate in future merger applications and encourages customers to submit notices of intent to participate, ensuring they remain informed and engaged in the Surface Transportation Board's review process.
See More
CN Responds to Rejection of UP-NS Merger Application by STB
- Merger Application Rejected: CN supports the Surface Transportation Board's decision to reject the UP-NS merger application due to its incompleteness, highlighting the necessity of full disclosure for assessing such significant transactions.
- Transparency Requirements: CN emphasizes that merger applications must be evaluated on a fully transparent record to ensure effective public interest and competition analysis, reflecting the stringent standards under the new merger rules.
- Importance of Information Disclosure: The Board noted that the applicants failed to provide critical information to assess potential competitive harms, and CN looks forward to robust participation once UP-NS submits a complete application, encouraging customers to engage in the STB process.
- Contribution of Transportation Network: CN safely transports over 300 million tons of natural resources and manufactured goods annually, with a nearly 20,000-mile rail network connecting Canada’s coasts to the U.S., contributing to sustainable trade and community prosperity since 1919.
See More
Core Natural Resources to Release Q4 2025 Financial Results
- Earnings Call Schedule: Core Natural Resources will hold an investor conference call on February 12, 2026, at 10:00 a.m. Eastern Time to discuss its Q4 2025 financial results, with the earnings release expected to be distributed via PR Newswire before market open, enhancing investor transparency.
- Call Access Information: Participants can dial 800-836-8184 five to ten minutes before the start time, with international callers using +1 646-357-8785, requiring no passcode, ensuring global investor participation and improving company-investor engagement.
- Webcast Availability: The call will be webcast on the Core website's investor section, with a replay available post-event, further enhancing information accessibility and company transparency, thereby fostering investor relations.
- Company Background: Core Natural Resources was formed in January 2025 through the merger of CONSOL Energy and Arch Resources, focusing on producing high-quality metallurgical and thermal coals to meet global steel and energy demands, showcasing strong market competitiveness and strategic significance.
See More
Core Natural Resources to Discuss Q4 2025 Financial Results on February 12, 2026
- Earnings Call Schedule: Core Natural Resources will hold an investor conference call on February 12, 2026, at 10:00 a.m. Eastern Time to discuss its fourth quarter 2025 financial results, which is expected to draw investor interest and provide insights into the company's financial health.
- Participation Details: Interested participants can dial 800-836-8184 approximately five to ten minutes before the call starts, with international callers using +1 646-357-8785, ensuring easy access for global investors without the need for a passcode.
- Webcast and Replay: The call will be webcast via the
See More
Ramaco Resources (METC) Upgraded to Buy by Jefferies with $30 Price Target
- Rating Upgrade: Jefferies upgraded Ramaco Resources from Hold to Buy with a $30 price target, indicating a clear upside risk to consensus met coal price forecasts, which could drive the stock higher.
- Geopolitical Impact: The ongoing escalation of geopolitical risks related to critical minerals is viewed positively for Ramaco's stock, potentially boosting investor confidence and attracting more capital inflows.
- Performance Dependency: Significant upside in Ramaco's shares is contingent upon rising met coal prices and operational performance, alongside the successful development of the Brook Mine rare earth elements project to unlock long-term growth potential.
- Industry Outlook: Jefferies analysts express optimism for coal miners, reiterating Buy ratings on Warrior Met Coal, Core Natural Resources, and Peabody Energy, reflecting confidence in the overall sector and potential investment opportunities.
See More
Railroad Stocks Decline Today Amidst Deal 'Drama'.
Union Pacific and Norfolk Southern Merger: Wall Street anticipated significant developments as Union Pacific sought to merge with Norfolk Southern, marking a historic combination in the rail industry.
Increased Tension: Recent events have heightened the drama surrounding the merger discussions, indicating that the situation is becoming more complex and contentious.
See More
Canadian National Railway Backs Rejection of Union Pacific-Norfolk Southern Merger Application
- Merger Application Rejected: Canadian National Railway supports the Surface Transportation Board's rejection of the Union Pacific-Norfolk Southern merger application, citing a lack of necessary information that fails to meet basic requirements, highlighting the importance of transparency and completeness in mergers.
- Importance of Information Transparency: CN emphasizes that the merger application lacks critical data needed to assess its impact on public interest, indicating that a complete record is essential for evaluating mergers under the new rules.
- Missing Competitive Analysis: CN points out that Union Pacific and Norfolk Southern failed to provide necessary information to evaluate potential competitive harms, underscoring the critical role of comprehensive information in merger reviews.
- Commitment to Future Applications: CN expresses its commitment to actively participate in future merger applications and encourages customers to submit notices of intent to participate, ensuring they remain informed and engaged in the Surface Transportation Board's review process.
See More
CN Responds to Rejection of UP-NS Merger Application by STB
- Merger Application Rejected: CN supports the Surface Transportation Board's decision to reject the UP-NS merger application due to its incompleteness, highlighting the necessity of full disclosure for assessing such significant transactions.
- Transparency Requirements: CN emphasizes that merger applications must be evaluated on a fully transparent record to ensure effective public interest and competition analysis, reflecting the stringent standards under the new merger rules.
- Importance of Information Disclosure: The Board noted that the applicants failed to provide critical information to assess potential competitive harms, and CN looks forward to robust participation once UP-NS submits a complete application, encouraging customers to engage in the STB process.
- Contribution of Transportation Network: CN safely transports over 300 million tons of natural resources and manufactured goods annually, with a nearly 20,000-mile rail network connecting Canada’s coasts to the U.S., contributing to sustainable trade and community prosperity since 1919.
See More
