Alpha Metallurgical Resources Inc Stock Price, News & Analysis

Alpha Metallurgical Resources, Inc. (NYSE: AMR) announced the promotion of Dan Horn to executive vice president and chief commercial officer, effective January 25, 2022. Horn, who has four decades of industry experience, previously served as president of Alpha Metallurgical Coal Sales and has held senior roles at Contura Energy and Alpha Natural Resources. CEO David Stetson praised Horn's leadership skills, emphasizing his vital role in the company. Alpha Metallurgical focuses on providing metallurgical products for the steel industry and operates in Virginia and West Virginia.

Alpha Metallurgical Resources (NYSE: AMR) successfully refinanced its Asset-Based Revolving Credit Facility (ABL), now totaling $155 million and maturing in December 2024. The facility includes $125 million for letters of credit and $25 million uncommitted on a cash collateralized basis. This refinancing aims to strengthen the company's balance sheet, despite a reduced total capacity compared to prior agreements. The interest rates for letters of credit are set at 5.25% with loans drawn linked to the secured overnight financing rate (SOFR).

Alpha Metallurgical Resources, Inc. (NYSE: AMR) reported a robust Q3 2021, achieving a net income of $83.7 million ($4.43 per diluted share), a turnaround from a loss of $18.6 million in Q2 2021. Adjusted EBITDA soared to $148.2 million from $39.9 million. Coal sales increased to 4.7 million tons, with net pricing for metallurgical coal reaching $113.51 per ton. The company reduced long-term debt by over $75 million and reported cash from operations of $96 million, aided by a $70 million tax refund. 2022 guidance suggests continued growth with capital expenditures projected at $160-$190 million.

Alpha Metallurgical Resources (NYSE: AMR), a key supplier of metallurgical products for the steel industry, will announce its third quarter 2021 financial results on November 5, 2021, before market opening. A conference call will follow at 10:00 a.m. ET on the same day, featuring key executives including CEO David Stetson. Investors can listen live via the company’s investor website. Alpha operates primarily in Tennessee, Virginia, and West Virginia, supplying high-quality metallurgical products globally.

Alpha Metallurgical Resources (NYSE: AMR) announced the receipt of a $70 million tax refund, resulting from a net operating loss carryback claim. This payment boosts the company's liquidity, with President Andy Eidson expressing optimism about enhancing cash reserves and reducing debt in upcoming quarters. The company had previously indicated the refund would be received before year-end. Alpha Metallurgical, based in Tennessee, supplies metallurgical products for the steel industry and aims to update investors on its financial progress in the next quarterly earnings announcement.

Alpha Metallurgical Resources, Inc. (NYSE: AMR) reported its Q2 2021 results, showing a narrowing net loss of $18.6 million, or $1.01 per diluted share, compared to a loss of $32.7 million in Q1 2021. Adjusted EBITDA rose to $39.9 million from $28.9 million. Coal sales reached 4 million tons, with metallurgical segment revenues at $376.8 million. The company anticipates higher coal shipments and pricing improvements in H2 2021, increasing full-year guidance for coal shipments to between 15.6 million and 17.5 million tons. Alpha plans to reduce debt and enhance liquidity.

Alpha Metallurgical Resources (NYSE: AMR), a U.S. supplier of metallurgical products for the steel industry, will announce its Q2 2021 financial results on August 6, 2021, before market opens. A conference call will follow at 10:00 a.m. Eastern time the same day, featuring top executives including CEO David Stetson and CFO Andy Eidson. The call will be accessible on the company's investor website. Investors are reminded that the release includes forward-looking statements with inherent risks and uncertainties affecting future results.

Alpha Metallurgical Resources (NYSE: AMR) reported a net loss of $32.7 million for Q1 2021, improving from a $55.1 million loss in Q4 2020. The adjusted EBITDA reached $28.9 million, a significant rise from $7.4 million last quarter. Coal sales increased to 4.1 million tons, driven by a 9% rise in metallurgical coal prices to $82.00 per ton. Despite operational improvements, pricing challenges from Australian coal indices impacted the total realizations. The company maintains its 2021 shipment guidance of 14.8 to 16.2 million tons, with a focus on cost management and operational performance.

Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading supplier of metallurgical products for the steel industry, will announce its first quarter 2021 financial results before market opening on May 10, 2021. A conference call is scheduled for 10:00 a.m. Eastern time the same day, featuring key executives including CEO David Stetson and CFO Andy Eidson. Investors can access the call via the company's investor website. Alpha operates in Tennessee, Virginia, and West Virginia, supplying global customers with high-quality metallurgical products.