Every 10-Q that Alpha Metallurgical Resources, Inc. (AMR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AMR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMR filings page.
Alpha Metallurgical Resources, a metallurgical coal producer, reported weaker results for the three months ended June 30, 2026. Total revenues were 492,856 thousand dollars, down 10.4% from 550,274 thousand, as tons sold fell 8.7% to 3,549 thousand and product mix shifted toward lower-priced thermal coal. The quarter produced a net loss of 12,252 thousand dollars, versus a 4,954 thousand loss a year earlier, or $0.96 basic and diluted loss per share.
Cost of coal sales declined 7.6% but non-GAAP coal margin per ton fell to 15.64 dollars, and Adjusted EBITDA dropped 44.5% to 25,566 thousand dollars, reflecting volume pressure, higher labor and supply costs, and subdued met-coal pricing, partly offset by lower purchased coal and the new IRC Section 45X production tax credit, which reduced cost of coal sales by 7,060 thousand in the quarter and 14,252 thousand year-to-date. For the first six months, revenues were 1,017,843 thousand dollars and net loss improved to 23,284 thousand from 38,901 thousand.
The balance sheet remains conservative, with total debt of 11,401 thousand dollars against cash and cash equivalents of 307,595 thousand and long-term restricted cash of 128,219 thousand. The company has an undrawn 225,000 thousand dollar ABL facility and continues to repurchase shares, having bought 7,035,097 shares for about 1,169,915 thousand under its 1,500,000 thousand authorization. Key forward items include extensive capital needs at Dominion Terminal Associates, regulatory uncertainty around black lung self-insurance collateral, and litigation challenging New York’s Climate Change Superfund Act, which could materially affect liquidity if such laws are upheld.
Alpha Metallurgical Resources, Inc. reported a narrower net loss of $11.0 million for the three months ended March 31, 2026, compared with a loss of $33.9 million a year earlier, on relatively flat total revenues of $525.0 million.
Coal revenues slipped 1.2% to $523.5 million as tons sold fell 4.3%, but better product mix lifted non-GAAP coal realization to $124.39 per ton. Cost discipline and lower purchased coal, plus a new IRC Section 45X production tax credit that reduced cost of coal sales by $7.2 million, cut non-GAAP cost of coal sales per ton to $107.98.
Adjusted EBITDA improved sharply to $30.0 million from $5.7 million, reflecting stronger coal margins. The company ended the quarter with $317.2 million in cash, $49.6 million in short-term investments, and $184.3 million of revolver availability, for total liquidity of $476.2 million against modest long-term debt of $9.0 million.
Management reaffirmed a 2026 shipment guidance range of 15.1–16.5 million tons for the Met segment and expects 2026 capital expenditures of $148–$168 million, including sustaining maintenance, mine development and carryover projects. Export coal represented 77% of Q1 coal revenues, with significant exposure to India and Turkey.
Alpha Metallurgical Resources (AMR) filed its quarterly report showing softer markets and lower volumes weighed on results. For Q3 ended September 30, 2025, total revenues were $526,778 thousand, down from $671,897 thousand a year ago, with coal revenues of $525,203 thousand. The company reported a net loss of $5,515 thousand versus net income of $3,804 thousand in Q3 2024 as met coal pricing and volumes remained pressured.
Year to date, revenues were $1,609,009 thousand and net loss was $44,416 thousand. Operating cash flow for the nine months was $125,960 thousand, while capital expenditures were $98,196 thousand. AMR ended the quarter with cash and cash equivalents of $408,519 thousand and long‑term restricted cash of $125,796 thousand. The asset-based revolving credit facility was amended on May 6, 2025 to $225,000 thousand, with $39,454 thousand in letters of credit outstanding and no amounts borrowed. Shares outstanding were 12,858,024 as of October 31, 2025. Export coal comprised 72% of coal revenue in Q3, with met coal accounting for the vast majority of sales.
Alpha Metallurgical Resources (AMR) Q2 2025 10-Q highlights:
Quarterly coal revenues fell 32 % YoY to $548.7 m as metallurgical pricing weakened (-19.7 % average realization) and volumes slipped 15 % to 3.9 m tons. Cost of coal sales declined but margins contracted sharply; operating income dropped to $2.7 m from $70.7 m. The company reported a net loss of $5.0 m (-$0.38 per share) versus $58.9 m profit a year ago. Six-month results show a $38.9 m loss on $1.08 bn revenue (-35 % YoY).
Cash & liquidity: Operating cash flow shrank to $75 m (6M 24: $334 m) and, after $95 m capex, free cash flow was negative. Cash and equivalents remain sizable at $449 m; total liquidity is bolstered by an upsized $225 m asset-based revolver (undrawn) maturing 2029. Long-term debt is immaterial at $5.8 m and net cash stays positive.
Balance sheet & capital: Shareholders’ equity is $1.61 bn; book value per share ≈ $124. Cash outlays for buybacks were modest ($5 m). Asset-retirement obligations stand at $220 m; black-lung and pension liabilities total $275 m. A new DOL rule could require an additional $80-100 m of collateral for black-lung self-insurance.
Regulatory & legal: Management is challenging New York’s Climate-Change Superfund Act and monitoring potential state copycats. The July 2025 “One Big Beautiful Bill Act” reinstates 100 % bonus depreciation and designates met coal for a future 2.5 % production tax credit (2026-29).
Outlook: Export met coal remains 72 % of tonnage; subdued global steel demand keeps pressure on pricing. Management has committed/ priced 15.3 m tons (72 %) of 2025 sales at an average $123/t, providing partial visibility but at lower price levels.