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AMR

Alpha Metallurgical Resources, Inc.

AMR

Alpha Metallurgical Resources, Inc. • NYSE
$159.21 ▼ -0.83% (-1.34)
Market Cap $2.08 B
52w High $249.27
52w Low $97.41
Dividend Yield 0%
P/E -44.47
Volume 159.88K
Outstanding Shares 13.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $526.778M ▼ $22.409M ▲ $-5.515M ▼ -1.047% ▼ $-0.42 ▼ $37.176M ▼
Q2-2025 $550.274M ▲ $15.979M ▼ $-4.954M ▲ -0.9% ▲ $-0.38 ▲ $46.246M ▲
Q1-2025 $531.957M ▼ $22.281M ▼ $-33.947M ▼ -6.382% ▼ $-2.6 ▼ $646K ▼
Q4-2024 $617.347M ▼ $24.091M ▲ $-2.129M ▼ -0.345% ▼ $-0.16 ▼ $48.78M ▲
Q3-2024 $671.897M $23.774M $3.804M 0.566% $0.29 $44.847M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $457.924M ▲ $2.345B ▼ $753.175M ▼ $1.592B ▼
Q2-2025 $449.027M ▲ $2.373B ▼ $759.404M ▼ $1.614B ▼
Q1-2025 $447.99M ▼ $2.401B ▼ $785.662M ▼ $1.615B ▼
Q4-2024 $481.578M ▼ $2.439B ▼ $789.211M ▼ $1.649B ▼
Q3-2024 $484.56M $2.479B $828.792M $1.651B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-5.515M ▼ $50.548M ▼ $-70.525M ▼ $-20.841M ▼ $-40.818M ▼ $25.444M ▲
Q2-2025 $-4.954M ▲ $53.231M ▲ $-47.392M ▲ $-2.881M ▲ $2.958M ▲ $18.589M ▲
Q1-2025 $-33.947M ▼ $22.181M ▼ $-47.775M ▲ $-6.392M ▼ $-31.986M ▼ $-16.269M ▼
Q4-2024 $-2.129M ▼ $56.258M ▼ $-52.255M ▼ $-5.479M ▼ $-1.476M ▼ $13.577M ▼
Q3-2024 $3.804M $189.462M $-38.2M $-880K $150.382M $158.013M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Coal
Coal
 $620.00M ▲$530.00M ▼$550.00M ▲$530.00M ▼
Coal Met
Coal Met
 $590.00M ▲$510.00M ▼$530.00M ▲$500.00M ▼
Coal Thermal
Coal Thermal
 $30.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have been on a clear cycle tied to metallurgical coal prices. Results ramped up sharply into 2022, then cooled off in 2023 and 2024 but remain well above the pre‑2021 period. The company moved from losses in 2020 to very strong profitability, with healthy operating and net margins even after the peak passed. That said, the trend over the last two years shows pressure on pricing and margins as markets normalize, underscoring how sensitive earnings are to steel and coal cycles.

Balance Sheet

Balance Sheet The balance sheet has transformed from somewhat stretched to very conservative. Debt has been essentially paid down, leaving the company operating with minimal financial leverage and a growing cash cushion. Equity has expanded meaningfully as past profits were retained, and total assets have risen steadily. Overall, the company now looks financially solid, with room to absorb downturns compared with its position five years ago.

Cash Flow

Cash Flow Cash generation has been a key strength. Operating cash flow surged in the boom years and, while lower more recently, still appears robust. After funding a relatively modest level of capital spending, free cash flow has been consistently positive since 2021. This surplus cash has supported debt reduction and balance sheet strengthening, and gives management flexibility for dividends, buybacks, or reinvestment, depending on future conditions.

Competitive Edge

Competitive Edge Alpha sits in a strong niche within metallurgical coal, rather than in generic thermal coal. It benefits from scale as one of the largest U.S. suppliers, high‑quality Appalachian reserves, and control over processing and logistics, including an export terminal stake. Its broad mix of coal grades and heavy export orientation help diversify its customer base across global steelmakers. The flip side is meaningful exposure to cyclical steel demand, commodity price swings, regulatory risk, and the broader energy transition, even if steelmaking coal is likely to be needed for longer than thermal coal.

Innovation and R&D

Innovation and R&D This is not a classic lab‑driven R&D story; innovation is mainly about doing mining and logistics more efficiently and responsibly. The company uses modern equipment, data‑driven planning, and an environmental management system modeled on international standards to improve productivity and compliance. Efforts around new mine development, such as Kingston Wildcat, and potential use of automation and analytics are incremental rather than disruptive. In a highly scrutinized industry, its environmental and reclamation practices, if executed well, can serve as a soft differentiator, though they do not remove long‑term decarbonization risks.

Summary

Alpha Metallurgical Resources has ridden a strong upcycle to transform its finances: it shifted from losses to substantial profits, generated solid free cash flow, paid down debt to very low levels, and built equity. Earnings have come off their 2022 peak but remain healthy, reflecting both better pricing than in the past and tighter cost control. Competitively, the company is well positioned in metallurgical coal with scale, quality reserves, and strong logistics, particularly for exports, but operates in a structurally challenged and cyclical sector subject to policy and ESG pressures. The key watch points going forward are how well it manages through future price cycles, executes new projects, and maintains cost and environmental discipline as market conditions evolve.

NEWS

November 25, 2025 · 4:05 PM UTC

Alpha Announces 2026 Domestic Sales Commitments

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November 13, 2025 · 9:05 AM UTC

Alpha Confirms Fatality Following Flooding Incident at Rolling Thunder Mine

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November 6, 2025 · 7:30 AM UTC

Alpha Announces Third Quarter 2025 Financial Results

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October 1, 2025 · 8:00 AM UTC

Alpha to Announce Third Quarter 2025 Financial Results on November 6

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