Alpha Metallurgical Resources (NYSE:AMR) Announces Earnings Results

Key Points

• Alpha Metallurgical Resources narrowly beat EPS estimates, reporting a quarterly loss of $0.96 per share versus the expected $0.97 loss. Revenue fell 10.4% year over year to $421.29 million, well below the $521.61 million analyst consensus.
• Management lowered shipment guidance and raised cost expectations for 2026, citing weaker first-half volumes, higher operating costs and storm damage at the DTA terminal that has impaired throughput.
• The company retains $447.8 million in liquidity with no ABL borrowings, but market conditions remain challenging due to weak global steel demand and excess metallurgical-coal supply. Analysts maintain a consensus “Reduce” rating with a $177 target price.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) issued its quarterly earnings results on Friday. The energy company reported ($0.96) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.97) by $0.01, FiscalAI reports. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The company had revenue of $421.29 million for the quarter, compared to analyst estimates of $521.61 million. During the same period in the prior year, the firm earned ($0.38) earnings per share. The business's revenue for the quarter was down 10.4% compared to the same quarter last year.

Here are the key takeaways from Alpha Metallurgical Resources' conference call:

• 2026 guidance was lowered on shipments and raised on costs. The company now expects 14.2–15.4 million tons shipped and cost of coal sales of $103–$107 per ton, reflecting weaker-than-expected first-half volumes and higher diesel, supplies and materials costs.
• Storm damage at the DTA terminal remains a significant operational risk. One of two stacker reclaimers was severely damaged, and the company has not provided a timeline for restoring full capacity; revised guidance assumes reduced throughput through year-end.
• Metallurgical coal markets remain pressured by weak global steel demand and excess high-vol supply. Australian premium low-vol prices fell roughly 12% from quarter-end to August 6, while U.S. East Coast indices remained largely stagnant.
• The balance sheet remains relatively strong, with $447.8 million of total liquidity and no ABL borrowings. At the midpoint of guidance, 70% of 2026 metallurgical tons are committed and priced at an average $128.17 per ton, providing some revenue visibility.
• Wildcat is beginning production and is expected to increase the company’s low-volatility coal mix. Management also cited solid North American blast-furnace utilization as potential support for domestic low-vol demand during upcoming contract negotiations.

Alpha Metallurgical Resources Stock Up 0.2%

Shares of AMR traded up $0.24 during midday trading on Friday, hitting $152.36. The company had a trading volume of 300,056 shares, compared to its average volume of 296,334. Alpha Metallurgical Resources has a 1 year low of $133.64 and a 1 year high of $253.82. The firm has a market capitalization of $1.94 billion, a P/E ratio of -50.79 and a beta of 0.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. The company's 50-day simple moving average is $165.90 and its 200-day simple moving average is $184.69.

Analyst Upgrades and Downgrades

AMR has been the topic of several recent research reports. B. Riley Financial cut their target price on shares of Alpha Metallurgical Resources from $194.00 to $189.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Weiss Ratings reissued a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. Jefferies Financial Group restated a "hold" rating and issued a $160.00 price target on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 21st. UBS Group began coverage on Alpha Metallurgical Resources in a research report on Friday, July 10th. They set a "neutral" rating and a $165.00 price objective on the stock. Finally, Atlantic Securities set a $194.00 price objective on Alpha Metallurgical Resources in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $177.00.

Insider Buying and Selling

In related news, EVP Mark Matthew Manno sold 460 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $214.64, for a total value of $98,734.40. Following the sale, the executive vice president owned 3,966 shares of the company's stock, valued at $851,262.24. This trade represents a 10.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jason E. Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total transaction of $828,104.28. Following the completion of the transaction, the chief operating officer owned 10,450 shares of the company's stock, valued at $2,218,326. This represents a 27.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 18.20% of the company's stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in Alpha Metallurgical Resources in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its stake in Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company's stock valued at $33,000 after buying an additional 112 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $45,000. Kestra Advisory Services LLC purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $110,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth about $223,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc NYSE: AMR is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy's metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.

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