Alpha Metallurgical Resources Inc (AMR)

Alpha Releases First Quarter 2026 Financial ResultsMay 8, 2026 7:30 AM
PR Newswire (US) Reports first quarter net loss of $11.0 million Posts Adjusted EBITDA of $30.0 million for the quarterBRISTOL, Tenn., May 8, 2026 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the first quarter ending March 31, 2026.
(millions, except per share)
Three months ended
Mar. 31, 2026Dec. 31, 2025Mar. 31, 2025Net loss($11.0)($17.3)($33.9)Net loss per diluted share($0.86)($1.34)($2.60)Adjusted EBITDA(1)$30.0$28.5$5.7Operating cash flow$29.0$19.0$22.2Capital expenditures($40.7)($29.0)($38.5)Tons of coal sold3.63.83.8__________________________________1. This is a non-GAAP financial measure. A reconciliation of Net Loss to Adjusted EBITDA is included in tables accompanying the financial schedules."Our results for the first quarter 2026 were driven by lower volumes and higher costs," said Andy Eidson, Alpha's chief executive officer. "While we anticipated a slower shipping quarter in connection with planned outages at Dominion Terminal Associates, we experienced a greater-than-expected impact on costs in Q1 as a result of war-related increases to diesel and other supply prices, which we hope will be temporary. Therefore, we are maintaining our cost of coal sales guidance range for the year with the expectation of better cost performance in subsequent quarters. If the Iran conflict persists throughout the year, we expect the resulting impact on diesel and supply costs would require us to revise our cost of coal sales guidance range upward."Financial PerformanceAlpha reported a net loss of $11.0 million, or $0.86 per diluted share, for the first quarter 2026, as compared to net loss of $17.3 million, or $1.34 per diluted share, in the fourth quarter 2025.Total Adjusted EBITDA was $30 million for the first quarter, compared to $28.5 million in the fourth quarter 2025. Coal Revenues
(millions)
Three months ended
Mar. 31, 2026Dec. 31, 2025Met segment$523.5$519.1Met segment (excl. freight & handling)(1)$447.3$436.3Tons Sold(millions)
Three months ended
Mar. 31, 2026Dec. 31, 2025Met segment3.63.8__________________________________1. Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Coal Sales Realization(1)
(per ton)
Three months ended
Mar. 31, 2026Dec. 31, 2025Met segment$124.39$115.31__________________________________1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."First quarter net realized pricing for the Met segment was $124.39 per ton.The table below provides a breakdown of our Met segment coal sold in the first quarter by pricing mechanism.
(in millions, except per ton data)Met Segment SalesThree months ended Mar. 31, 2026
Tons SoldCoal RevenuesRealization/ton(1)% of Met Tons
SoldDomestic0.8$111.1$137.2724 %Export - Australian indexed1.1$162.3$144.9533 %Export - other pricing mechanisms1.4$157.0$110.3243 %Total Met coal revenues3.4$430.4$128.40100 %Thermal coal revenues0.2$16.9$69.41
Total Met segment coal revenues
(excl. freight & handling)(1)3.6$447.3$124.39
__________________________________1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."
Cost of Coal Sales
(in millions, except per ton data)
Three months ended
Mar. 31, 2026Dec. 31, 2025Met segment$474.4$478.5Met segment (excl. freight & handling/idle)(1) $388.3$383.8
(per ton)Met segment(1)$107.98$101.43__________________________________1. Represents Non-GAAP cost of coal sales and Non-GAAP cost of coal sales per ton which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Alpha's Met segment cost of coal sales increased to an average of $107.98 per ton in the first quarter, compared to $101.43 per ton in the fourth quarter 2025. Higher diesel and other supply costs were the primary contributors to the increase in costs.Liquidity and Capital ResourcesCash provided by operating activities in the first quarter increased to $29.0 million as compared to $19.0 million in the fourth quarter 2025. Capital expenditures for the first quarter were $40.7 million compared to $29.0 million for the fourth quarter 2025.As of March 31, 2026, the company had total liquidity of $476.2 million, including cash and cash equivalents of $317.2 million, short-term investments of $49.6 million, and $184.3 million of unused availability under the asset-based revolving credit facility (ABL), partially offset by a minimum required liquidity of $75.0 million as required by the ABL. As of March 31, 2026, the company had no borrowings and $40.7 million in letters of credit outstanding under the ABL. Total long-term debt, including the current portion of long-term debt as of March 31, 2026, was $12.2 million.Share Repurchase ProgramAs previously announced, Alpha's board of directors authorized a share repurchase program allowing for the expenditure of up to $1.5 billion for the repurchase of the company's common stock. As of April 30, 2026, the company had acquired approximately 7.0 million shares of common stock at a cost of approximately $1.2 billion, or approximately $166.18 per share. The number of common stock shares outstanding as of April 30, 2026 was 12,714,624, not including the potential effect of unvested equity awards.The timing and amount of share repurchases will be based on various factors, including but not limited to market conditions, the trading price of the stock, applicable legal requirements, compliance with the provisions of the company's debt agreements, and other factors.Results of Alpha's 2026 Annual Meeting of StockholdersThe company's annual meeting of stockholders was held on May 6, 2026, and stockholders re-elected all six members of Alpha's board of directors to additional one-year terms and approved all other items proposed by the board for consideration at the meeting. The complete voting results from the annual meeting have been filed with the Securities and Exchange Commission on Form 8-K.2026 Operational Performance UpdateAs of April 29, 2026, Alpha has committed and priced approximately 48% of its metallurgical coal for 2026 at an average price of $132.37 per ton. At the midpoint of guidance, Alpha's thermal coal is fully committed for the year at an average price of $74.53 per ton.
2026 Guidancein millions of tonsLowHigh
Metallurgical14.415.4
Thermal0.71.1
Met segment - total shipments15.116.5




Committed/Priced1,2,3CommittedVolume
(in millions of
tons)Average PriceMetallurgical - domestic
4.1$136.38Metallurgical - export
3.1$127.02Metallurgical total48 %7.2$132.37Thermal100 %1.2$74.53Met segment53 %8.4$124.37



Committed/Unpriced1,3Committed

Metallurgical total43 %

Thermal— %

Met segment40 %





Costs per ton4LowHigh
Met segment$95.00$101.00




In millions (except taxes)LowHigh
SG&A5$53$59
Idle operations expense$24$32
Net cash interest income$2$6
DD&A$160$174
Capital expenditures$148$168
Capital contributions to equity affiliates6$35$45
Cash tax rate0 %5 %
Notes:   

1.Based on committed and priced coal shipments as of April 29, 2026. Committed percentage based on the midpoint of shipment guidance range.2.Actual average per-ton realizations on committed and priced tons recognized in future periods may vary based on actual freight expense in future periods relative to assumed freight expense embedded in projected average per-ton realizations.3.Includes estimates of future coal shipments based upon contract terms and anticipated delivery schedules. Actual coal shipments may vary from these estimates.4.Note: The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP cost of coal sales per ton sold financial measures to the most directly comparable GAAP measures without unreasonable efforts due to the inherent difficulty in forecasting and quantifying with reasonable accuracy significant items required for the reconciliation. The most directly comparable GAAP measure, GAAP cost of sales, is not accessible without unreasonable efforts on a forward-looking basis. The reconciling items include freight and handling costs, which are a component of GAAP cost of sales. Management is unable to predict without unreasonable efforts freight and handling costs due to uncertainty as to the end market and FOB point for uncommitted sales volumes and the final shipping point for export shipments. These amounts have varied historically and may continue to vary significantly from quarter to quarter and material changes to these items could have a significant effect on our future GAAP results.5.Excludes expenses related to non-cash stock compensation and non-recurring expenses.6.Includes contributions to fund normal operations at our DTA export facility and expected capital investments related to the facility upgrades.Conference Call The company plans to hold a conference call regarding its first quarter results on May 8, 2026, at 10:00 a.m. Eastern time. The conference call will be available live on the investor section of the company's website at https://alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.About Alpha Metallurgical ResourcesAlpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com. Forward-Looking StatementsThis news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur. See Alpha's filings with the U.S. Securities and Exchange Commission for more information.FINANCIAL TABLES FOLLOWNon-GAAP Financial MeasuresThe discussion below contains "non-GAAP financial measures." These are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with generally accepted accounting principles in the United States ("U.S. GAAP" or "GAAP"). Specifically, we make use of the non-GAAP financial measures "Adjusted EBITDA," "non-GAAP coal revenues," "non-GAAP coal sales realization per ton," "non-GAAP cost of coal sales," "non-GAAP cost of coal sales per ton," "non-GAAP coal margin," and "non-GAAP coal margin per ton." In addition to net income (loss), we use Adjusted EBITDA to measure the operating performance of our reportable segment. Adjusted EBITDA does not purport to be an alternative to net income (loss) as a measure of operating performance or any other measure of operating results, financial performance, or liquidity presented in accordance with GAAP. Moreover, this measure is not calculated identically by all companies and therefore may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is presented because management believes it is a useful indicator of the financial performance of our coal operations. We use non-GAAP coal revenues to present coal revenues generated, excluding freight and handling fulfillment revenues. Non-GAAP coal sales realization per ton is calculated as non-GAAP coal revenues divided by tons sold. We use non-GAAP cost of coal sales to adjust cost of coal sales to remove freight and handling costs, depreciation, depletion and amortization - production (excluding the depreciation, depletion and amortization related to selling, general and administrative functions), accretion on asset retirement obligations, amortization of acquired intangibles, and idled and closed mine costs. Non-GAAP cost of coal sales per ton is calculated as non-GAAP cost of coal sales divided by tons sold. Non-GAAP coal margin is calculated as non-GAAP coal revenues less non-GAAP cost of coal sales. Non-GAAP coal margin per ton is calculated as non-GAAP coal margin divided by tons sold. The presentation of these measures should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP.Management uses non-GAAP financial measures to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. The definition of these non-GAAP measures may be changed periodically by management to adjust for significant items important to an understanding of operating trends and to adjust for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Furthermore, analogous measures are used by industry analysts to evaluate our operating performance. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, capital investments and other factors.Included below are reconciliations of non-GAAP financial measures to GAAP financial measures.ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(Amounts in thousands, except share and per share data)

Three Months Ended March 31,
2026
2025Revenues:


Coal revenues$         523,533
$         529,667Other revenues1,454
2,290Total revenues524,987
531,957Costs and expenses:


Cost of coal sales (exclusive of items shown separately below)474,389
504,584Depreciation, depletion and amortization39,926
43,910Accretion on asset retirement obligations5,215
5,614Amortization of acquired intangibles876
1,357Selling, general and administrative expenses (exclusive of
depreciation, depletion and amortization shown separately above)16,598
15,424Other operating (income) loss(1,585)
1,243Total costs and expenses535,419
572,132Loss from operations(10,432)
(40,175)Other (expense) income:


Interest expense(841)
(763)Interest income4,206
4,046Equity loss in affiliates(5,733)
(4,960)Miscellaneous expense, net(3,558)
(3,532)Total other expense, net(5,926)
(5,209)Loss before income taxes(16,358)
(45,384)Income tax benefit5,326
11,437Net loss$         (11,032)
$         (33,947)



Basic loss per common share$            (0.86)
$            (2.60)Diluted loss per common share$            (0.86)
$            (2.60)



Weighted average shares – basic12,800,037
13,047,607Weighted average shares – diluted12,800,037
13,047,607 ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(Amounts in thousands, except share and per share data)

March 31, 2026
December 31, 2025Assets


Current assets:


Cash and cash equivalents$         317,231
$         365,974Short-term investments49,646
49,582Trade accounts receivable, net of allowance for credit losses of $2,858 and $2,519
as of March 31, 2026 and December 31, 2025, respectively302,136
278,620Inventories, net213,102
193,000Prepaid expenses and other current assets27,360
31,132Total current assets909,475
918,308Property, plant, and equipment, net of accumulated depreciation and amortization
of $805,966 and $774,101 as of March 31, 2026 and December 31, 2025, respectively625,145
621,866Owned and leased mineral rights, net of accumulated depletion and amortization of
$157,070 and $150,616 as of March 31, 2026 and December 31, 2025, respectively410,489
416,944Other acquired intangibles, net of accumulated amortization of $43,948 and $43,072
as of March 31, 2026 and December 31, 2025, respectively33,576
34,452Long-term restricted cash127,217
126,911Long-term restricted investments34,399
34,356Deferred income taxes8,210
8,087Other non-current assets133,926
119,702Total assets$      2,282,437
$      2,280,626Liabilities and Stockholders' Equity


Current liabilities:


Current portion of long-term debt$           3,231
$           3,575Trade accounts payable92,984
66,169Accrued expenses and other current liabilities151,772
135,778Total current liabilities247,987
205,522Long-term debt8,977
9,841Workers' compensation and black lung obligations189,527
190,965Pension obligations83,281
87,317Asset retirement obligations203,632
204,745Deferred income taxes10,711
15,433Other non-current liabilities21,367
21,308Total liabilities765,482
735,131Commitments and Contingencies


Stockholders' Equity


Preferred stock - par value $0.01, 5,000,000 shares authorized, none issued—
—Common stock - par value $0.01, 50,000,000 shares authorized, 22,494,813 issued
and 12,752,824 outstanding at March 31, 2026 and 22,437,379 issued and
12,805,909 outstanding at December 31, 2025225
224Additional paid-in capital855,765
852,030Accumulated other comprehensive loss(58,698)
(60,433)Treasury stock, at cost: 9,741,989 shares at March 31, 2026 and 9,631,470 shares
at December 31, 2025(1,364,022)
(1,341,027)Retained earnings 2,083,685
2,094,701Total stockholders' equity1,516,955
1,545,495Total liabilities and stockholders' equity$      2,282,437
$      2,280,626 ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(Amounts in thousands)

Three Months Ended March 31,
2026
2025Operating activities:


Net loss$           (11,032)
$           (33,947)Adjustments to reconcile net loss to net cash provided by operating activities:


Depreciation, depletion and amortization39,926
43,910Amortization of acquired intangibles876
1,357Gain on disposal of assets, net(2,053)
(37)Accretion on asset retirement obligations5,215
5,614Employee benefit plans, net6,266
5,618Deferred tax benefit(5,329)
(11,416)Stock-based compensation3,736
3,437Equity loss in affiliates5,733
4,960Other, net2,476
135Changes in operating assets and liabilities(16,768)
2,550Net cash provided by operating activities29,046
22,181Investing activities:


Capital expenditures(40,668)
(38,450)Capital contributions to equity affiliates(13,403)
(9,836)Purchases of investment securities(27,826)
(14,663)Sales and maturities of investment securities28,240
15,080Other, net62
94Net cash used in investing activities(53,595)
(47,775)Financing activities:


Principal repayments of long-term debt(915)
(822)Common stock repurchases and related expenses(22,901)
(5,155)Other, net(72)
(415)Net cash used in financing activities(23,888)
(6,392)Net decrease in cash and cash equivalents and restricted cash(48,437)
(31,986)Cash and cash equivalents and restricted cash at beginning of period492,885
604,161Cash and cash equivalents and restricted cash at end of period$          444,448
$          572,175



Supplemental disclosure of noncash investing and financing activities:


Accrued capital expenditures$            11,089
$            10,785The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows.
As of March 31,
2026
2025Cash and cash equivalents$          317,231
$          447,990Long-term restricted cash127,217
124,185Total cash and cash equivalents and restricted cash shown in the
Condensed Consolidated Statements of Cash Flows$          444,448
$          572,175ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESADJUSTED EBITDA RECONCILIATION(Amounts in thousands)

Three Months Ended
March 31, 2026
December 31, 2025
March 31, 2025Net loss$         (11,032)
$         (17,271)
$         (33,947)Interest expense841
730
763Interest income(4,206)
(3,273)
(4,046)Income tax benefit(5,326)
(9,757)
(11,437)Depreciation, depletion and amortization39,926
41,893
43,910Non-cash stock compensation expense3,736
3,193
3,437Accretion on asset retirement obligations5,215
5,501
5,614Amortization of acquired intangibles876
1,356
1,357Non-recurring mine flood costs (1)—
6,098
—Adjusted EBITDA$          30,030
$          28,470
$           5,651(1) Non-recurring mine recovery and idle costs due to the water inundation at the Rolling Thunder mine in November 2025.ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESRESULTS OF OPERATIONS

Three Months Ended(In thousands, except for per ton data)March 31, 2026
December 31, 2025
March 31, 2025Coal revenues$         523,533
$         519,060
$         529,667Less: freight and handling fulfillment revenues(76,214)
(82,730)
(83,924)Non-GAAP coal revenues$         447,319
$         436,330
$         445,743Non-GAAP coal sales realization per ton$          124.39
$          115.31
$          118.61





Cost of coal sales (exclusive of items shown separately below)$         474,389
$         478,519
$         504,584Depreciation, depletion and amortization - production (1)39,606
41,571
43,592Accretion on asset retirement obligations5,215
5,501
5,614Amortization of acquired intangibles876
1,356
1,357Total cost of coal sales520,086
526,947
555,147Less: freight and handling costs(76,214)
(82,730)
(83,924)Less: depreciation, depletion and amortization - production (1)(39,606)
(41,571)
(43,592)Less: accretion on asset retirement obligations(5,215)
(5,501)
(5,614)Less: amortization of acquired intangibles(876)
(1,356)
(1,357)Less: idled and closed mine costs(9,872)
(11,960)
(5,991)Non-GAAP cost of coal sales$         388,303
$         383,829
$         414,669Non-GAAP cost of coal sales per ton$          107.98
$          101.43
$          110.34





GAAP coal margin $            3,447
$          (7,887)
$         (25,480)GAAP coal margin per ton$             0.96
$            (2.08)
$            (6.78)





Non-GAAP coal margin$          59,016
$          52,501
$          31,074Non-GAAP coal margin per ton$            16.41
$            13.87
$             8.27





Tons sold3,596
3,784
3,758(1)Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions.
Three Months Ended March 31, 2026(In thousands, except for per ton data)Tons Sold
Coal Revenues
Non-GAAP
Coal sales
realization per
ton
% of Met Tons
SoldDomestic809
$     111,053
$      137.27
24 %Export - Australian indexed1,120
162,348
$      144.95
33 %Export - other pricing mechanisms1,423
156,981
$      110.32
43 %Total Met segment - met coal3,352
430,382
$      128.40
100 %Met segment - thermal coal244
16,937
$        69.41

Non-GAAP coal revenues3,596
447,319
$      124.39

Add: freight and handling fulfillment revenues—
76,214



Coal revenues3,596
$     523,533



INVESTOR & MEDIA CONTACT: EMILY O'QUINN
InvestorRelations@AlphaMetResources.com 
CorporateCommunications @Truman123 View original content to download multimedia:https://www.prnewswire.com/news-releases/alpha-releases-first-quarter-2026-financial-results-302766165.htmlSOURCE ALPHA METALLURGICAL RESOURCES, INC. Original: Alpha Releases First Quarter 2026 Financial Results

Alpha Releases Preliminary Results for First Quarter 2026April 24, 2026 8:00 AM
PR Newswire (US)

BRISTOL, Tenn., April 24, 2026 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary financial results for the first quarter ending March 31, 2026. The company plans to release its definitive first quarter financial results on May 8, 2026.








(millions, except per share)
Three months ended
Mar. 31, 2026Net loss($11.0)Net loss per diluted share($0.86)Adjusted EBITDA(1)$30.0Tons of coal sold3.6

1. This is a non-GAAP financial measure. A reconciliation of Net loss to Adjusted EBITDA is included in tables accompanying the financial schedules."As discussed in February on our most recent earnings call, lower volumes and higher costs negatively impacted our first quarter 2026 results," said Andy Eidson, Alpha's chief executive officer. "With a planned month-long outage for equipment upgrades at Dominion Terminal Associates, our Q1 shipments were lower than our anticipated quarterly cadence for the balance of the calendar year. Additionally, we expected to incur elevated costs in the first quarter, primarily due to repair and maintenance needs across the portfolio. Elevated supply costs, such as the significant increase in diesel pricing since the start of the year, also contributed to a higher cost of coal sales for the quarter. Despite our prior communication of these anticipated headwinds, consensus expectations for the quarter did not reflect these realities, which is why we are offering today's preliminary results ahead of our definitive earnings disclosures in early May. We look forward to providing additional context about our Q1 results and 2026 expectations at that time."Preliminary Financial PerformanceAlpha expects to report a net loss of $11.0 million, or $0.86 per diluted share, for the first quarter 2026.For the first quarter, total Adjusted EBITDA was $30.0 million. Coal Revenues
(millions)
Three months ended
Mar. 31, 2026Met segment$523.5Met segment (excl. freight & handling)(1)$447.3

Tons Sold(millions)
Three months ended
Mar. 31, 2026Met segment3.6









1. Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Coal Sales Realization(1)
(per ton)
Three months ended
Mar. 31, 2026Met segment$124.39









1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."First quarter net realized pricing for the Met segment was $124.39 per ton.The table below provides a breakdown of our Met segment coal sold in the first quarter by pricing mechanism.
(in millions, except per ton data)Met Segment SalesThree months ended Mar. 31, 2026
Tons SoldCoal RevenuesRealization/ton(1)% of Met Tons SoldDomestic0.8$111.1$137.2724 %Export - Australian indexed1.1$162.3$144.9533 %Export - other pricing mechanisms1.4$157.0$110.3243 %Total Met coal revenues3.4$430.4$128.40100 %Thermal coal revenues0.2$16.9$69.41
Total Met segment coal revenues
(excl. freight & handling)(1)3.6$447.3$124.39















1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Cost of Coal Sales
(in millions, except per ton data)
Three months ended
Mar. 31, 2026Met segment$474.4Met segment (excl. freight & handling/idle)(1) $388.3


(per ton)Met segment(1)$107.98









1. Represents Non-GAAP cost of coal sales and Non-GAAP cost of coal sales per ton which are defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Liquidity and Capital ResourcesAs of March 31, 2026, the company had total liquidity of $476.2 million, including cash and cash equivalents of $317.2 million, short-term investments of $49.6 million, and $184.3 million of unused availability under the asset-based revolving credit facility (ABL), partially offset by a minimum required liquidity of $75.0 million as required by the ABL. As of March 31, 2026, the company had no borrowings and $40.7 million in letters of credit outstanding under the ABL. Total long-term debt, including the current portion of long-term debt as of March 31, 2026, was $12.2 million.Share Repurchase ProgramAs previously announced, Alpha's board of directors authorized a share repurchase program allowing for the expenditure of up to $1.5 billion for the repurchase of the company's common stock. As of March 31, 2026, the company had acquired approximately 7.0 million shares of common stock at a cost of approximately $1.2 billion since the start of the program. During the first quarter of 2026, the company spent approximately $17.5 million for the repurchase of roughly 87,000 shares. The number of common stock shares outstanding as of March 31, 2026 was 12,752,824, not including the potential effect of unvested equity awards.The timing and amount of share repurchases will be based on various factors, including but not limited to market conditions, the trading price of the stock, applicable legal requirements, compliance with the provisions of the company's debt agreements, and other factors.Note About Preliminary ResultsThe financial results presented in this release are preliminary and may change. This preliminary financial information includes calculations or figures that have been prepared internally by management. There can be no assurance that the Company's actual results for the periods presented herein will not differ from the preliminary financial results presented herein, and such changes could be material. These preliminary financial results should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and are not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of the Company's financial closing procedures, final adjustments, and other developments.Earnings Announcement and Conference Call The company plans to announce its definitive first quarter 2026 financial results before the market opens on Friday, May 8, 2026. The company also expects to hold a conference call regarding its first quarter 2026 results on May 8, 2026, at 10:00 a.m. Eastern time. The conference call will be available live on the investor section of the company's website at https://alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.About Alpha Metallurgical ResourcesAlpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com. Forward-Looking StatementsThis news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur. See Alpha's filings with the U.S. Securities and Exchange Commission for more information.FINANCIAL TABLES FOLLOWNon-GAAP Financial MeasuresThe discussion below contains "non-GAAP financial measures." These are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with generally accepted accounting principles in the United States ("U.S. GAAP" or "GAAP"). Specifically, we make use of the non-GAAP financial measures "Adjusted EBITDA," "non-GAAP coal revenues," "non-GAAP cost of coal sales," and "non-GAAP coal margin." In addition to net income (loss), we use Adjusted EBITDA to measure the operating performance of our reportable segment. Adjusted EBITDA does not purport to be an alternative to net income (loss) as a measure of operating performance or any other measure of operating results, financial performance, or liquidity presented in accordance with GAAP. Moreover, this measure is not calculated identically by all companies and therefore may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is presented because management believes it is a useful indicator of the financial performance of our coal operations. We use non-GAAP coal revenues to present coal revenues generated, excluding freight and handling fulfillment revenues. Non-GAAP coal sales realization per ton for our operations is calculated as non-GAAP coal revenues divided by tons sold. We use non-GAAP cost of coal sales to adjust cost of coal sales to remove freight and handling costs, depreciation, depletion and amortization - production (excluding the depreciation, depletion and amortization related to selling, general and administrative functions), accretion on asset retirement obligations, amortization of acquired intangibles, net, and idled and closed mine costs. Non-GAAP cost of coal sales per ton for our operations is calculated as non-GAAP cost of coal sales divided by tons sold. Non-GAAP coal margin per ton for our coal operations is calculated as non-GAAP coal sales realization per ton for our coal operations less non-GAAP cost of coal sales per ton for our coal operations. The presentation of these measures should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP.Management uses non-GAAP financial measures to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. The definition of these non-GAAP measures may be changed periodically by management to adjust for significant items important to an understanding of operating trends and to adjust for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Furthermore, analogous measures are used by industry analysts to evaluate the Company's operating performance. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, capital investments and other factors.Included below are reconciliations of non-GAAP financial measures to GAAP financial measures.ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESADJUSTED EBITDA RECONCILIATION(Amounts in thousands)


Three Months Ended
March 31, 2026Net loss $             (11,032)Interest expense841Interest income(4,206)Income tax benefit(5,326)Depreciation, depletion, and amortization39,926Non-cash stock compensation expense3,736Accretion on asset retirement obligations5,215Amortization of acquired intangibles876Adjusted EBITDA$               30,030ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESRESULTS OF OPERATIONS


Three Months Ended(In thousands, except for per ton data)March 31, 2026Coal revenues$                  523,533Less: freight and handling fulfillment revenues(76,214)Non-GAAP coal revenues$                  447,319Non-GAAP coal sales realization per ton$                    124.39

Cost of coal sales (exclusive of items shown separately below)$                  474,389Depreciation, depletion and amortization - production (1)39,606Accretion on asset retirement obligations5,215Amortization of acquired intangibles876Total cost of coal sales$                  520,086Less: freight and handling costs(76,214)Less: depreciation, depletion and amortization - production (1)(39,606)Less: accretion on asset retirement obligations(5,215)Less: amortization of acquired intangibles(876)Less: idled and closed mine costs(9,872)Non-GAAP cost of coal sales$                  388,303Non-GAAP cost of coal sales per ton$                    107.98

GAAP coal margin $                      3,447GAAP coal margin per ton$                        0.96

Non-GAAP coal margin$                    59,016Non-GAAP coal margin per ton$                      16.41

Tons sold3,596










(1)Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions.
Three Months Ended March 31, 2026(In thousands, except for per ton data)Tons Sold
Coal Revenues
Non-GAAP
Coal sales
realization per
ton
% of Met Tons
SoldDomestic809
$       111,053
$         137.27
24 %Export - Australian indexed1,120
162,348
$         144.95
33 %Export - other pricing mechanisms1,423
156,981
$         110.32
43 %Total Met segment - met coal3,352
430,382
$         128.40
100 %Met segment - thermal coal244
16,937
$           69.41

Non-GAAP coal revenues3,596
447,319
$         124.39

Add: freight and handling fulfillment revenues—
76,214



Coal revenues3,596
$       523,533



INVESTOR & MEDIA CONTACT: EMILY O'QUINN
InvestorRelations@AlphaMetResources.com 
CorporateCommunications @Truman123



View original content to download multimedia:https://www.prnewswire.com/news-releases/alpha-releases-preliminary-results-for-first-quarter-2026-302752287.htmlSOURCE ALPHA METALLURGICAL RESOURCES, INC.

Original: Alpha Releases Preliminary Results for First Quarter 2026

Miner Suffers Fatal Accident at Horse Creek Eagle MineApril 3, 2026 12:44 AM
PR Newswire (US)

BRISTOL, Tenn., April 3, 2026 /PRNewswire/ -- A miner at Horse Creek Eagle Mine in Raleigh County, W.Va. has passed away following an accident on Thursday evening when a piece of rock struck him.







Aaron Warrix, 53, of Chapmanville, W.Va. was a shuttle car operator with four and a half years of experience with the company."We are heartbroken to learn of Aaron's passing," said Andy Eidson, Alpha's chief executive officer. "Our hearts are with Aaron's wife, family, and friends."Horse Creek Eagle Mine is operated by Marfork Coal Company, LLC, a subsidiary of Alpha Metallurgical Resources.The company is working alongside federal and state agencies to complete an investigation into the accident and its circumstances.About Alpha Metallurgical ResourcesAlpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com.INVESTOR & MEDIA CONTACT: EMILY O'QUINN
InvestorRelations@AlphaMetResources.com
CorporateCommunications @Truman123 



View original content to download multimedia:https://www.prnewswire.com/news-releases/miner-suffers-fatal-accident-at-horse-creek-eagle-mine-302733483.htmlSOURCE ALPHA METALLURGICAL RESOURCES, INC.

Original: Miner Suffers Fatal Accident at Horse Creek Eagle Mine

Alpha Announces Financial Results for Fourth Quarter and Full Year 2025February 27, 2026 7:30 AM
PR Newswire (US)

Reports net loss of $17.3 million for the fourth quarter 2025 Posts Adjusted EBITDA of $28.5 million for the quarter
BRISTOL, Tenn., Feb. 27, 2026 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the fourth quarter and full year ending December 31, 2025.








(millions, except per share)
Three months ended
Dec. 31, 2025Sept. 30, 2025Dec. 31, 2024Net loss($17.3)($5.5)($2.1)Net loss per diluted share($1.34)($0.42)($0.16)Adjusted EBITDA(1)$28.5$41.7$53.2Operating cash flow$19.0$50.6$56.3Capital expenditures($29.0)($25.1)($42.7)Tons of coal sold3.83.94.1__________________________________1. This is a non-GAAP financial measure. A reconciliation of Net Loss to Adjusted EBITDA is included in tables accompanying the financial schedules."Following the previous disclosure of our initial Q4 performance, today we announce definitive financial results for the fourth quarter and full year 2025," said Andy Eidson, Alpha's chief executive officer. "As previously stated, our fourth quarter numbers reflect the persistent challenges of the met pricing environment that prevailed through much of the 2025 calendar year. Having experienced some quality-specific improvements in the met market, particularly in the Australian low vol indexes, late in Q4 and extending into recent weeks, our first quarter 2026 results will be influenced by those more favorable conditions. From a volume perspective, Alpha's first quarter tons sold tend to be lower than other quarters. Based on our first two months of the year, we expect this to hold true in 2026."Financial PerformanceAlpha reported a net loss of $17.3 million, or $1.34 per diluted share, for the fourth quarter 2025, as compared to net loss of $5.5 million, or $0.42 per diluted share, in the third quarter.Total Adjusted EBITDA was $28.5 million for the fourth quarter, compared to $41.7 million in the third quarter. Coal Revenues
(millions)
Three months ended
Dec. 31, 2025Sept. 30, 2025Met Segment$519.1$525.2Met Segment (excl. freight & handling)(1)$436.3$442.8

Tons Sold(millions)
Three months ended
Dec. 31, 2025Sept. 30, 2025Met Segment3.83.9__________________________________1. Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Coal Sales Realization(1)
(per ton)
Three months ended
Dec. 31, 2025Sept. 30, 2025Met Segment$115.31$114.94__________________________________1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Fourth quarter net realized pricing for the Met segment was $115.31 per ton.The table below provides a breakdown of our Met segment coal sold in the fourth quarter by pricing mechanism.
(in millions, except per ton data)Met Segment SalesThree months ended Dec. 31, 2025
Tons SoldCoal RevenuesRealization/ton(1)% of Met Tons
SoldExport - Other Pricing Mechanisms1.8$187.6$106.1350 %Domestic0.8$116.9$148.9322 %Export - Australian Indexed1.0$111.4$114.9628 %Total Met Coal Revenues3.5$415.9$118.10100 %Thermal Coal Revenues0.3$20.4$77.80
Total Met Segment Coal Revenues (excl. freight & handling)(1)3.8$436.3$115.31
__________________________________1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Cost of Coal Sales
(in millions, except per ton data)
Three months ended
Dec. 31, 2025Sept. 30, 2025Met Segment$478.5$461.6Met Segment (excl. freight & handling/idle)(1) $383.8$374.7
          (per ton)Met Segment(1)$101.43$97.27__________________________________1. Represents Non-GAAP cost of coal sales and Non-GAAP cost of coal sales per ton which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Alpha's Met segment cost of coal sales increased to an average of $101.43 per ton in the fourth quarter, compared to $97.27 per ton in the third quarter.Liquidity and Capital ResourcesCash provided by operating activities in the fourth quarter decreased to $19.0 million as compared to $50.6 million in the third quarter. Capital expenditures for the fourth quarter were $29.0 million compared to $25.1 million for the third quarter.As of December 31, 2025, the company had total liquidity of $524.3 million, including cash and cash equivalents of $366.0 million, short-term investments of $49.6 million, and $183.7 million of unused availability under the asset-based revolving credit facility (ABL), partially offset by a minimum required liquidity of $75.0 million as required by the ABL. As of December 31, 2025, the company had no borrowings and $41.3 million in letters of credit outstanding under the ABL. Total long-term debt, including the current portion of long-term debt as of December 31, 2025, was $13.4 million.Share Repurchase ProgramAs previously announced, Alpha's board of directors authorized a share repurchase program allowing for the expenditure of up to $1.5 billion for the repurchase of the company's common stock. As of February 20, 2026, the company had acquired approximately 6.9 million shares of common stock at a cost of approximately $1.1 billion, or approximately $165.89 per share. The number of common stock shares outstanding as of February 20, 2026 was 12,792,685, not including the potential effect of unvested equity awards.The timing and amount of share repurchases will be based on various factors, including but not limited to market conditions, the trading price of the stock, applicable legal requirements, compliance with the provisions of the company's debt agreements, and other factors.2026 Operational Performance UpdateAs of February 17, 2026, at the midpoint of guidance, Alpha has committed and priced approximately 37% of its metallurgical coal for 2026 at an average price of $134.02 per ton and 77% of its thermal coal for the year at an average price of $73.17 per ton.
2026 Guidancein millions of tonsLowHigh
Metallurgical14.415.4
Thermal0.71.1
Met Segment - Total Shipments15.116.5




Committed/Priced1,2,3CommittedVolume
(in millions of tons)Average PriceMetallurgical - Domestic
4.1$136.30Metallurgical - Export
1.5$127.53Metallurgical Total37 %5.6$134.02Thermal77 %0.7$73.17Met Segment40 %6.3$127.30



Committed/Unpriced1,3Committed

Metallurgical Total53 %

Thermal— %

Met Segment50 %





Costs per ton4LowHigh
Met Segment$95.00$101.00




In millions (except taxes)LowHigh
SG&A5$53$59
Idle Operations Expense$24$32
Net Cash Interest Income$2$6
DD&A$160$174
Capital Expenditures$148$168
Capital Contributions to Equity Affiliates6$35$45
Cash Tax Rate0 %5 %
     Notes:   
1.Based on committed and priced coal shipments as of February 17, 2026. Committed percentage based on the midpoint of shipment guidance range.2.Actual average per-ton realizations on committed and priced tons recognized in future periods may vary based on actual freight expense in future periods relative to assumed freight expense embedded in projected average per-ton realizations.3.Includes estimates of future coal shipments based upon contract terms and anticipated delivery schedules. Actual coal shipments may vary from these estimates.4.Note: The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP cost of coal sales per ton sold financial measures to the most directly comparable GAAP measures without unreasonable efforts due to the inherent difficulty in forecasting and quantifying with reasonable accuracy significant items required for the reconciliation. The most directly comparable GAAP measure, GAAP cost of sales, is not accessible without unreasonable efforts on a forward-looking basis. The reconciling items include freight and handling costs, which are a component of GAAP cost of sales. Management is unable to predict without unreasonable efforts freight and handling costs due to uncertainty as to the end market and FOB point for uncommitted sales volumes and the final shipping point for export shipments. These amounts have varied historically and may continue to vary significantly from quarter to quarter and material changes to these items could have a significant effect on our future GAAP results.5.Excludes expenses related to non-cash stock compensation and non-recurring expenses.6.Includes contributions to fund normal operations at our DTA export facility and expected capital investments related to the facility upgrades.Annual Meeting of Stockholders The board of directors has scheduled the annual meeting of stockholders for May 6, 2026.Conference Call The company plans to hold a conference call regarding its fourth quarter and full year 2025 results on February 27, 2026, at 10:00 a.m. Eastern time. The conference call will be available live on the investor section of the company's website at https://alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.About Alpha Metallurgical ResourcesAlpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com. Forward-Looking StatementsThis news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur. See Alpha's filings with the U.S. Securities and Exchange Commission for more information.FINANCIAL TABLES FOLLOWNon-GAAP Financial MeasuresThe discussion below contains "non-GAAP financial measures." These are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with generally accepted accounting principles in the United States ("U.S. GAAP" or "GAAP"). Specifically, we make use of the non-GAAP financial measures "Adjusted EBITDA," "non-GAAP coal revenues," "non-GAAP cost of coal sales," and "non-GAAP coal margin." In addition to net income (loss), we use Adjusted EBITDA to measure the operating performance of our reportable segment. Adjusted EBITDA does not purport to be an alternative to net income (loss) as a measure of operating performance or any other measure of operating results, financial performance, or liquidity presented in accordance with GAAP. Moreover, this measure is not calculated identically by all companies and therefore may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is presented because management believes it is a useful indicator of the financial performance of our coal operations. We use non-GAAP coal revenues to present coal revenues generated, excluding freight and handling fulfillment revenues. Non-GAAP coal sales realization per ton for our operations is calculated as non-GAAP coal revenues divided by tons sold. We use non-GAAP cost of coal sales to adjust cost of coal sales to remove freight and handling costs, depreciation, depletion and amortization - production (excluding the depreciation, depletion and amortization related to selling, general and administrative functions), accretion on asset retirement obligations, amortization of acquired intangibles, and idled and closed mine costs. Non-GAAP cost of coal sales per ton for our operations is calculated as non-GAAP cost of coal sales divided by tons sold. Non-GAAP coal margin per ton for our coal operations is calculated as non-GAAP coal sales realization per ton for our coal operations less non-GAAP cost of coal sales per ton for our coal operations. The presentation of these measures should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP.Management uses non-GAAP financial measures to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. The definition of these non-GAAP measures may be changed periodically by management to adjust for significant items important to an understanding of operating trends and to adjust for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Furthermore, analogous measures are used by industry analysts to evaluate the Company's operating performance. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, capital investments and other factors.Included below are reconciliations of non-GAAP financial measures to GAAP financial measures.ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in thousands, except share and per share data) 
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024Revenues:






Coal revenues$              519,060
$              615,383
$          2,122,605
$          2,946,579Other revenues1,412
1,964
6,876
10,706Total revenues520,472
617,347
2,129,481
2,957,285Costs and expenses:






Cost of coal sales (exclusive of items shown separately below)478,519
540,754
1,924,691
2,451,601Depreciation, depletion and amortization41,893
40,836
174,524
167,331Accretion on asset retirement obligations5,501
6,324
22,126
25,050Amortization of acquired intangibles1,356
1,675
5,427
6,700Selling, general and administrative expenses (exclusive of depreciation, depletion and amortization shown separately above)13,821
16,831
60,158
74,000Other operating loss706
936
3,921
4,749Total costs and expenses541,796
607,356
2,190,847
2,729,431(Loss) income from operations(21,324)
9,991
(61,366)
227,854Other (expense) income:






Interest expense(730)
(583)
(3,019)
(3,811)Interest income3,273
4,952
15,466
18,208Equity loss in affiliates(4,931)
(5,734)
(24,867)
(20,302)Miscellaneous expense, net(3,316)
(2,940)
(13,673)
(11,199)Total other expense, net(5,704)
(4,305)
(26,093)
(17,104)(Loss) income before income taxes(27,028)
5,686
(87,459)
210,750Income tax benefit (expense)9,757
(7,815)
25,772
(23,171)Net (loss) income$              (17,271)
$                (2,129)
$              (61,687)
187,579







Basic (loss) income per common share$                  (1.34)
$                  (0.16)
$                  (4.75)
$                  14.41Diluted (loss) income per common share$                  (1.34)
$                  (0.16)
$                  (4.75)
$                  14.28







Weighted average shares - basic12,865,612
13,020,122
12,996,148
13,013,469Weighted average shares - diluted12,865,612
13,020,122
12,996,148
13,134,806 ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Amounts in thousands, except share and per share data) 
December 31, 2025
December 31, 2024Assets


Current assets:


Cash and cash equivalents$             365,974
$             481,578Short-term investments49,582
—Trade accounts receivable, net of allowance for credit losses of $2,519 and $2,396 as of December 31, 2025 and 2024, respectively278,620
362,141Inventories, net193,000
169,269Prepaid expenses and other current assets31,132
23,681Total current assets918,308
1,036,669Property, plant, and equipment, net of accumulated depreciation and amortization of $774,101 and $667,260 as of December 31, 2025 and 2024, respectively621,866
634,871Owned and leased mineral rights, net of accumulated depletion and amortization of $150,616 and $124,965 as of December 31, 2025 and 2024, respectively416,944
443,467Other acquired intangibles, net of accumulated amortization of $43,072 and $41,444 as of December 31, 2025 and 2024, respectively34,452
39,879Long-term restricted cash126,911
122,583Long-term restricted investments34,356
43,131Deferred income taxes8,087
6,516Other non-current assets119,702
111,592Total assets$           2,280,626
$           2,438,708Liabilities and Stockholders' Equity


Current liabilities:


Current portion of long-term debt$                  3,575
$                  2,916Trade accounts payable66,169
96,633Accrued expenses and other current liabilities135,778
151,560Total current liabilities205,522
251,109Long-term debt9,841
2,868Workers' compensation and black lung obligations190,965
182,961Pension obligations87,317
100,597Asset retirement obligations204,745
189,805Deferred income taxes15,433
40,486Other non-current liabilities21,308
21,385Total liabilities735,131
789,211Commitments and Contingencies


Stockholders' Equity


Preferred stock - par value $0.01, 5,000,000 shares authorized, none issued—
—Common stock - par value $0.01, 50,000,000 shares authorized, 22,437,379 issued and 12,805,909 outstanding at December 31, 2025 and 22,383,325 issued and 13,016,390 outstanding at December 31, 2024224
224Additional paid-in capital852,030
839,804Accumulated other comprehensive loss(60,433)
(50,082)Treasury stock, at cost: 9,631,470 shares at December 31, 2025 and 9,366,935 shares at December 31, 2024(1,341,027)
(1,296,916)Retained earnings2,094,701
2,156,467Total stockholders' equity1,545,495
1,649,497Total liabilities and stockholders' equity$          2,280,626
$          2,438,708 ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands) 
Year Ended December 31,
2025
2024Operating activities:


Net (loss) income$                (61,687)
$                187,579Adjustments to reconcile net (loss) income to net cash provided by operating activities:


Depreciation, depletion and amortization174,524
167,331Amortization of acquired intangibles5,427
6,700Loss (gain) on disposal of assets, net1,044
(169)Accretion on asset retirement obligations22,126
25,050Employee benefit plans, net23,397
14,551Deferred tax (benefit) expense(23,740)
5,563Stock-based compensation13,598
12,318Equity loss in affiliates24,867
20,302Other, net(1,449)
1,905Changes in operating assets and liabilities


Trade accounts receivable, net83,399
145,379Inventories, net(21,495)
64,203Prepaid expenses and other current assets(3,128)
14,658Deposits183
408Other non-current assets356
1,199Trade accounts payable(29,141)
(19,339)Accrued expenses and other current liabilities(10,825)
(5,972)Workers' compensation and black lung obligations(19,959)
(18,660)Pension obligations(16,966)
(12,320)Asset retirement obligations(14,721)
(27,903)Other non-current liabilities(884)
(2,864)Net cash provided by operating activities144,926
579,919Investing activities:


Capital expenditures(127,153)
(198,848)Capital contributions to equity affiliates(38,146)
(32,504)Proceeds from disposal of assets265
1,029Purchases of investment securities(106,157)
(48,730)Sales and maturities of investment securities67,165
48,036Other, net51
31Net cash used in investing activities(203,975)
(230,986)Financing activities:


Principal repayments of long-term debt(1,965)
(2,243)Dividend and dividend equivalents paid(415)
(3,077)Common stock repurchases and related expenses(45,155)
(122,299)Other, net(4,692)
(1,278)Net cash used in financing activities(52,227)
(128,897)Net (decrease) increase in cash and cash equivalents and restricted cash(111,276)
220,036Cash and cash equivalents and restricted cash at beginning of period604,161
384,125Cash and cash equivalents and restricted cash at end of period$                492,885
$                604,161



Supplemental cash flow information:


Cash paid for interest$                    1,868
$                    2,662Cash paid for income taxes (net of refunds received)$                    2,118
$                    8,379Supplemental disclosure of noncash investing and financing activities:


Financing leases and capital financing - equipment$                  12,057
$                           1Accrued capital expenditures$                  14,272
$                  15,523Accrued common stock repurchases and stock repurchase excise tax$                       327
$                         —Accrued dividend payable$                         88
$                       424The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows.
As of December 31,
2025
2024Cash and cash equivalents$                365,974
$                481,578Long-term restricted cash126,911
122,583Total cash and cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows$                492,885
$                604,161  ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESADJUSTED EBITDA RECONCILIATION(Amounts in thousands) 
Three Months Ended
Year Ended December 31,
December 31, 2025
September 30, 2025
December 31, 2024
2025
2024Net (loss) income$             (17,271)
$               (5,515)
$               (2,129)
$          (61,687)
$         187,579Interest expense730
765
583
3,019
3,811Interest income(3,273)
(3,948)
(4,952)
(15,466)
(18,208)Income tax (benefit) expense(9,757)
(3,330)
7,815
(25,772)
23,171Depreciation, depletion and amortization41,893
43,899
40,836
174,524
167,331Non-cash stock compensation expense3,193
2,950
3,001
13,598
12,318Accretion on asset retirement obligations5,501
5,503
6,324
22,126
25,050Amortization of acquired intangibles1,356
1,357
1,675
5,427
6,700Non-recurring mine flood costs (1)6,098
—
—
6,098
—Adjusted EBITDA$               28,470
$               41,681
$               53,153
$         121,867
$         407,752
(1) Non-recurring mine recovery and idle costs due to the water inundation at the Rolling Thunder mine in November 2025.  ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESRESULTS OF OPERATIONS 
Three Months Ended(In thousands, except for per ton data)December 31, 2025
September 30, 2025
December 31, 2024Coal revenues$              519,060
$              525,203
$              615,383Less: Freight and handling fulfillment revenues(82,730)
(82,448)
(96,087)Non-GAAP Coal revenues$              436,330
$              442,755
$              519,296Non-GAAP Coal sales realization per ton$                115.31
$                114.94
$                127.84





Cost of coal sales (exclusive of items shown separately below)$              478,519
$              461,635
$              540,754Depreciation, depletion and amortization - production (1)41,571
43,582
40,525Accretion on asset retirement obligations5,501
5,503
6,324Amortization of acquired intangibles1,356
1,357
1,675Total Cost of coal sales526,947
512,077
589,278Less: Freight and handling costs(82,730)
(82,448)
(96,087)Less: Depreciation, depletion and amortization - production (1)(41,571)
(43,582)
(40,525)Less: Accretion on asset retirement obligations(5,501)
(5,503)
(6,324)Less: Amortization of acquired intangibles(1,356)
(1,357)
(1,675)Less: Idled and closed mine costs(11,960)
(4,517)
(2,650)Non-GAAP Cost of coal sales$              383,829
$              374,670
$              442,017Non-GAAP Cost of coal sales per ton$                101.43
$                  97.27
$                108.82





GAAP Coal margin$                (7,887)
$                13,126
$                26,105GAAP Coal margin per ton$                  (2.08)
$                    3.41
$                    6.43





Non-GAAP Coal margin$                52,501
$                68,085
$                77,279Non-GAAP Coal margin per ton$                  13.87
$                  17.68
$                  19.02





Tons sold3,784
3,852
4,062

(1)Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions. 
Year Ended December 31,
2025
2024Coal revenues$           2,122,605
$           2,946,579Less: Freight and handling fulfillment revenues(333,691)
(503,306)Non-GAAP Coal revenues $           1,788,914
$           2,443,273Non-GAAP Coal sales realization per ton $                117.08
$                142.66



Cost of coal sales (exclusive of items shown separately below)$           1,924,691
$           2,451,601Depreciation, depletion and amortization - production (1)173,249
166,105Accretion on asset retirement obligations22,126
25,050Amortization of acquired intangibles5,427
6,700Total Cost of coal sales2,125,493
2,649,456Less: Freight and handling costs (333,691)
(503,306)Less: Depreciation, depletion and amortization - production (1)(173,249)
(166,105)Less: Accretion on asset retirement obligations (22,126)
(25,050)Less: Amortization of acquired intangibles (5,427)
(6,700)Less: Idled and closed mine costs (28,988)
(29,868)Non-GAAP Cost of coal sales $           1,562,012
$           1,918,427Non-GAAP Cost of coal sales per ton $                102.23
$                112.01



GAAP Coal margin $                (2,888)
$              297,123GAAP Coal margin per ton $                  (0.19)
$                  17.35



Non-GAAP Coal margin $              226,902
$              524,846Non-GAAP Coal margin per ton $                  14.85
$                  30.64



Tons sold15,280
17,127

(1)Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions. 
Three Months Ended December 31, 2025(In thousands, except for per ton data)Tons Sold
Coal Revenues
Non-GAAP
Coal sales
realization
per ton
% of Met Tons
SoldExport - other pricing mechanisms1,768
$       187,642
$         106.13
50 %Domestic785
116,913
$         148.93
22 %Export - Australian indexed969
111,392
$         114.96
28 %Total Met segment - met coal3,522
415,947
$         118.10
100 %Met segment - thermal coal262
20,383
$           77.80

Non-GAAP Coal revenues3,784
436,330
$         115.31

Add: Freight and handling fulfillment revenues—
82,730



Coal revenues3,784
$       519,060



 



View original content to download multimedia:https://www.prnewswire.com/news-releases/alpha-announces-financial-results-for-fourth-quarter-and-full-year-2025-302698870.htmlSOURCE ALPHA METALLURGICAL RESOURCES, INC.

Original: Alpha Announces Financial Results for Fourth Quarter and Full Year 2025

Alpha Announces Preliminary, Unaudited Results for Fourth Quarter 2025January 30, 2026 8:00 AM
PR Newswire (US)

BRISTOL, Tenn., Jan. 30, 2026 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary, unaudited financial results for the fourth quarter ending December 31, 2025. The company plans to release its definitive fourth quarter and full year 2025 financial results on February 27, 2026.








(millions, except per share)
Three months ended
Dec. 31, 2025Net loss($17.3)Net loss per diluted share($1.34)Adjusted EBITDA(1)$28.5Tons of coal sold3.8__________________________________1. This is a non-GAAP financial measure. A reconciliation of Net Loss to Adjusted EBITDA is included in tables accompanying the
financial schedules."Our preliminary results for the fourth quarter reflect the challenging met coal market environment that persisted through the majority of 2025," said Andy Eidson, Alpha's chief executive officer. "Our fourth quarter Adjusted EBITDA excludes approximately $6 million in non-recurring mine recovery and idle costs due to the water inundation at Rolling Thunder in November. While the low-vol met coal indexes improved in the fourth quarter, the majority of that improvement did not occur until December. In addition, U.S. East Coast high-vol indexes were down slightly relative to third quarter levels. Due to the late quarter timing of the pricing improvements, most of the related benefit was pushed into Q1 of 2026. However, our fourth quarter cost performance was strong, resulting in full year costs at the lower end of our guidance range."Eidson continued: "We look forward to providing more information about our 2025 performance when we announce our audited financial results at the end of February. Until then, we remain focused on safely operating each and every day and seeking out opportunities to capitalize on the improved met coal pricing environment."Preliminary Financial PerformanceAlpha expects to report a net loss of $17.3 million, or $1.34 per diluted share, for the fourth quarter 2025.For the fourth quarter, total Adjusted EBITDA was $28.5 million.Coal Revenues
(millions)
Three months ended
Dec. 31, 2025     Met Segment$519.1     Met Segment (excl. freight & handling)(1)$436.3

     Tons Sold(millions)
Three months ended
Dec. 31, 2025     Met Segment3.8__________________________________1. Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations." Coal Sales Realization(1)
(per ton)
Three months ended
Dec. 31, 2025     Met Segment$115.31__________________________________1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results
of Operations."Fourth quarter net realized pricing for the Met segment was $115.31 per ton.The table below provides a breakdown of our Met segment coal sold in the fourth quarter by pricing mechanism.
(in millions, except per ton data)Met Segment SalesThree months ended Dec. 31, 2025
Tons SoldCoal RevenuesRealization/ton(1)% of Met Tons
SoldExport - Other Pricing Mechanisms1.8$187.6$106.1350 %Domestic0.8$116.9$148.9322 %Export - Australian Indexed1.0$111.4$114.9628 %Total Met Coal Revenues3.5$415.9$118.10100 %Thermal Coal Revenues0.3$20.4$77.80
Total Met Segment Coal Revenues (excl. freight & handling)(1)3.8$436.3$115.31
__________________________________1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations." Cost of Coal Sales
(in millions, except per ton data)
Three months ended
Dec. 31, 2025Met Segment$478.5Met Segment (excl. freight & handling/idle)(1) $383.8
(per ton)Met Segment(1)$101.43__________________________________1. Represents Non-GAAP cost of coal sales and Non-GAAP cost of coal sales per ton which are defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."Liquidity and Capital ResourcesAs of December 31, 2025, the company had total liquidity of $524.3 million, including cash and cash equivalents of $366.0 million, short-term investments of $49.6 million, and $183.7 million of unused availability under the asset-based revolving credit facility (ABL), partially offset by a minimum required liquidity of $75.0 million as required by the ABL. As of December 31, 2025, the company had no borrowings and $41.3 million in letters of credit outstanding under the ABL. Total long-term debt, including the current portion of long-term debt as of December 31, 2025, was $13.4 million.Share Repurchase ProgramAs previously announced, Alpha's board of directors authorized a share repurchase program allowing for the expenditure of up to $1.5 billion for the repurchase of the company's common stock. As of December 31, 2025, the company had acquired approximately 6.9 million shares of common stock at a cost of approximately $1.1 billion since the start of the program. During the fourth quarter of 2025, the company spent approximately $20 million for the repurchase of roughly 113,000 shares. The number of common stock shares outstanding as of December 31, 2025 was 12,805,909, not including the potential effect of unvested equity awards.The timing and amount of share repurchases will be based on various factors, including but not limited to market conditions, the trading price of the stock, applicable legal requirements, compliance with the provisions of the company's debt agreements, and other factors.Note About Preliminary ResultsThe financial results presented in this release are preliminary and may change. This preliminary financial information includes calculations or figures that have been prepared internally by management. The Company's independent registered public accounting firm has not finished its audit of, and does not express an opinion with respect to, this data. There can be no assurance that the Company's actual results for the periods presented herein will not differ from the preliminary financial results presented herein, and such changes could be material. These preliminary financial results should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and are not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of the Company's financial closing procedures, final adjustments, and other developments, including the ongoing audit of the Company's consolidated financial statements.Earnings Announcement and Conference CallThe company plans to announce its definitive fourth quarter 2025 financial results before the market opens on Friday, February 27, 2026. The company also plans to hold a conference call regarding its fourth quarter results on February 27, 2026, at 10:00 a.m. Eastern time. The conference call will be available live on the investor section of the company's website at https://alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.About Alpha Metallurgical ResourcesAlpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com. Forward-Looking StatementsThis news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur. See Alpha's filings with the U.S. Securities and Exchange Commission for more information.FINANCIAL TABLES FOLLOWNon-GAAP Financial MeasuresThe discussion below contains "non-GAAP financial measures." These are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with generally accepted accounting principles in the United States ("U.S. GAAP" or "GAAP"). Specifically, we make use of the non-GAAP financial measures "Adjusted EBITDA," "non-GAAP coal revenues," "non-GAAP cost of coal sales," and "non-GAAP coal margin." In addition to net income (loss), we use Adjusted EBITDA to measure the operating performance of our reportable segment. Adjusted EBITDA does not purport to be an alternative to net income (loss) as a measure of operating performance or any other measure of operating results, financial performance, or liquidity presented in accordance with GAAP. Moreover, this measure is not calculated identically by all companies and therefore may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is presented because management believes it is a useful indicator of the financial performance of our coal operations. We use non-GAAP coal revenues to present coal revenues generated, excluding freight and handling fulfillment revenues. Non-GAAP coal sales realization per ton for our operations is calculated as non-GAAP coal revenues divided by tons sold. We use non-GAAP cost of coal sales to adjust cost of coal sales to remove freight and handling costs, depreciation, depletion and amortization - production (excluding the depreciation, depletion and amortization related to selling, general and administrative functions), accretion on asset retirement obligations, amortization of acquired intangibles, net, and idled and closed mine costs. Non-GAAP cost of coal sales per ton for our operations is calculated as non-GAAP cost of coal sales divided by tons sold. Non-GAAP coal margin per ton for our coal operations is calculated as non-GAAP coal sales realization per ton for our coal operations less non-GAAP cost of coal sales per ton for our coal operations. The presentation of these measures should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP.Management uses non-GAAP financial measures to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. The definition of these non-GAAP measures may be changed periodically by management to adjust for significant items important to an understanding of operating trends and to adjust for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Furthermore, analogous measures are used by industry analysts to evaluate the Company's operating performance. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, capital investments and other factors.Included below are reconciliations of non-GAAP financial measures to GAAP financial measures. ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESADJUSTED EBITDA RECONCILIATION(Amounts in thousands)

Three Months Ended
December 31, 2025Net loss$                     (17,271)Interest expense730Interest income(3,273)Income tax benefit(9,757)Depreciation, depletion and amortization41,893Non-cash stock compensation expense3,193Accretion on asset retirement obligations5,501Amortization of acquired intangibles, net1,356Non-recurring mine flood costs (1)6,098Adjusted EBITDA$                      28,470(1)Non-recurring mine recovery and idle costs due to the water inundation at the Rolling Thunder mine in November 2025.  ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIESRESULTS OF OPERATIONS

Three Months Ended(In thousands, except for per ton data)December 31, 2025Coal revenues$                    519,060Less: Freight and handling fulfillment revenues(82,730)Non-GAAP Coal revenues$                    436,330Non-GAAP Coal sales realization per ton$                      115.31

Cost of coal sales (exclusive of items shown separately below)$                    478,519Depreciation, depletion and amortization - production (1)41,571Accretion on asset retirement obligations5,501Amortization of acquired intangibles, net1,356Total Cost of coal sales526,947Less: Freight and handling costs(82,730)Less: Depreciation, depletion and amortization - production (1)(41,571)Less: Accretion on asset retirement obligations(5,501)Less: Amortization of acquired intangibles, net(1,356)Less: Idled and closed mine costs(11,960)Non-GAAP Cost of coal sales$                    383,829Non-GAAP Cost of coal sales per ton$                      101.43

GAAP Coal margin$                       (7,887)GAAP Coal margin per ton$                         (2.08)

Non GAAP Coal margin$                      52,501Non GAAP Coal margin per ton$                        13.87

Tons sold - Met3,784(1)Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions. 
Three Months Ended December 31, 2025(In thousands, except for per ton data)Tons Sold
Coal Revenues
Non-GAAP
Coal sales
realization per
ton
% of Met Tons
SoldExport - other pricing mechanisms1,768
$       187,642
$         106.13
50 %Domestic785
116,913
$         148.93
22 %Export - Australian indexed969
111,392
$         114.96
28 %Total Met segment - met coal3,522
415,947
$         118.10
100 %Met segment - thermal coal262
20,383
$           77.80

Non-GAAP Coal revenues3,784
436,330
$         115.31

Add: Freight and handling fulfillment revenues—
82,730



Coal revenues3,784
$       519,060



INVESTOR & MEDIA CONTACT: EMILY O'QUINN
InvestorRelations@AlphaMetResources.com
CorporateCommunications @Truman123



View original content to download multimedia:https://www.prnewswire.com/news-releases/alpha-announces-preliminary-unaudited-results-for-fourth-quarter-2025-302674540.htmlSOURCE ALPHA METALLURGICAL RESOURCES, INC.

Original: Alpha Announces Preliminary, Unaudited Results for Fourth Quarter 2025

AMR new 52 week high

AMR 10Q 2/26

AMR new 52 week high

AMR new 52 week high

AMR new 52 week high

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AMR new 52 wweek low

AMR new 52 week high

AMR new 52 week high

AMR new 52 week high

AMR new 52 week high

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AMR new 52 week high

Nice push!!

AMR buy 147.51

ascending triangle breakout
volume confirmation
macd signal and average above zero
macd histogram crossed up over zero
measured move

https://alphametresources.com/



https://finance.yahoo.com/quote/AMR/profile?p=AMR

https://www.barchart.com/stocks/quotes/AMR

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https://stockcharts.com/c-sc/sc?chart=AMR,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

https://www.barchart.com/etfs-funds/quotes/AMR/technical-chart?plot=CANDLE&volume=toAMR&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=AMR&grid=1&height=500&studyheight=100&timeframe=2%20Months




normal chart









log chart









normal chart








log chart

Could AMR be a $100 stock?

Some nice Form 4 buying......
Must be planning on something.....
GMO

"Buy [Alpha Metallurgical Resources] If You Believe Coal Prices Will Rebound"

https://seekingalpha.com/article/4381903-buy-contura-energy-you-believe-coal-prices-will-rebound?v=1614410855#comment-88149715