Welcome to our dedicated page for Alpha Metallurgical Resources news (Ticker: AMR), a resource for investors and traders seeking the latest updates and insights on Alpha Metallurgical Resources stock.
Alpha Metallurgical Resources Inc (AMR) is a Tennessee-based mining leader supplying critical metallurgical coal to the steel industry. This page provides investors and industry professionals with centralized access to AMR's official news, including operational updates, financial reports, and strategic developments.
Find timely updates on earnings releases, acquisitions, leadership announcements, and operational milestones across AMR's Virginia and West Virginia mining complexes. Our curated collection ensures transparent tracking of the company's safety initiatives, coal processing advancements, and logistics network efficiency.
All content is rigorously verified to serve as a reliable decision-making tool for monitoring AMR's market position. Key coverage includes production volumes, cost management strategies, and port capacity utilization supporting global distribution.
Bookmark this page for direct access to AMR's latest developments. Check regularly for updates from one of the metallurgical coal sector's most strategically significant producers.
Alpha Metallurgical Resources (NYSE: AMR) announced preliminary Q3 2024 results, reflecting market softness. Key points:
- Coal shipments: 4.1 million tons in Q3
- Met segment coal revenues: $669.8 million
- Net realized pricing for Met segment: $132.76 per ton
- Total liquidity: $507.0 million as of September 30, 2024
The company adjusted its 2024 guidance, increasing net cash interest income to $10-$14 million and lowering the tax rate to 5-10%. Alpha expects to end the year at the higher end of its previously issued shipment guidance range and within the existing cost of coal sales guidance range.
Alpha Metallurgical Resources (NYSE: AMR) reported Q2 2024 financial results, with net income of $58.9 million ($4.49 per diluted share) and Adjusted EBITDA of $116.0 million. The company faced challenges due to weakening steel demand and geopolitical uncertainty, impacting metallurgical coal markets. Key highlights include:
- Coal revenues: $800.1 million for Met segment
- Met segment coal sales realization: $141.86 per ton
- Met segment cost of coal sales: $109.31 per ton
- Operating cash flow: $138.1 million
- Total liquidity increased by 25% to $356.7 million
- Share repurchase program: 6.6 million shares acquired at $1.1 billion
Alpha has committed and priced 71% of its 2024 metallurgical coal at an average price of $157.97 per ton.
Alpha Metallurgical Resources (NYSE: AMR) will announce its second quarter 2024 financial results on August 5, 2024, before market opening. A conference call to discuss the results will be held at 10:00 a.m. ET on the same day, featuring CEO Andy Eidson, President and COO Jason Whitehead, EVP and CFO Todd Munsey, and EVP and CCO Dan Horn. The call can be accessed live through the investor section of Alpha's website.
Alpha is a leading U.S. supplier of metallurgical products for the steel industry, headquartered in Bristol, Tennessee, with operations in Virginia and West Virginia. The company is noted for its high-quality reserves and substantial port capacity, serving customers globally.
Alpha Metallurgical Resources, Inc. (NYSE: AMR) announced the departure of Roger Nicholson, the executive VP, chief administrative officer, general counsel, and secretary, effective May 31, 2024, after four and a half years of service. Mark Manno will succeed Nicholson as the new executive VP, general counsel, and secretary, starting June 1, 2024. The company expresses gratitude for Nicholson's contributions and looks forward to Manno's leadership in strengthening Alpha's future.
Alpha Metallurgical Resources, Inc. reported solid financial results for Q1 2024 despite market challenges, with net income of $127.0 million and Adjusted EBITDA of $189.6 million. The company's Met Segment performed well, with total coal revenues of $727.6 million and a net realized pricing of $166.68 per ton. Capital expenditures were $63.6 million, and liquidity stood at $288.1 million as of March 31, 2024.
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