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Alpha Announces Financial Results for Second Quarter 2026

AMR
  • Alpha Metallurgical Resources reported a net loss of $12.3 million ($0.96 per diluted share) for the second quarter ended June 30, 2026, compared to a $11.0 million loss in the first quarter.
  • Adjusted EBITDA for the second quarter was $25.6 million, down from $30.0 million in the first quarter & $46.1 million in the same period last year.
  • Total coal sales volume for the quarter was 3.5 million tons, a decrease from 3.6 million tons in the first quarter & 3.9 million tons in the prior year period.
  • Met segment coal sales realization averaged $118.71 per ton in the second quarter, down from $124.39 per ton in the first quarter.
  • Non-GAAP cost of coal sales for the Met segment decreased to $103.07 per ton in the second quarter from $107.98 per ton in the first quarter.
  • CEO Andy Eidson cited high-wind storm damage at Dominion Terminal Associates (DTA) & soft market conditions as key factors reducing shipped tons & increasing costs.
  • The company is engaging with DTA leadership to address storm damage & plans to mitigate reduced efficiency by utilizing other East Coast terminals.
  • Cash provided by operating activities increased to $39.9 million in the second quarter from $29.0 million in the first quarter.
  • Capital expenditures totaled $45.1 million in the second quarter, up from $40.7 million in the first quarter.
  • Total liquidity as of June 30, 2026, was $447.8 million, comprising $307.6 million in cash & cash equivalents, $30.9 million in short-term investments, & $184.3 million in unused ABL availability.
  • As of July 31, 2026, the company had acquired approximately 7.0 million shares for $1.2 billion under its $1.5 billion share repurchase program.
  • As of July 30, 2026, approximately 70% of 2026 metallurgical coal & 100% of thermal coal were committed or priced.
  • The company provided 2026 guidance for Met segment shipments between 13.2 & 14.0 million tons & thermal shipments between 1.0 & 1.4 million tons.
  • 2026 guidance includes Met segment cost of coal sales per ton between $103.00 & $107.00 & capital expenditures between $148 million & $168 million.