Alpha Metallurgical Resources, Inc. operates as a mining company. It produces, processes, and sells met coal and thermal coal in Virginia and West Virginia. It operates through two segments, Met and CAPP-Thermal. The Met segments operates five active mines and two preparation plants in Virginia; and seventeen active mines and five preparation plants in West Virginia. The CAPP - Thermal segments operates one active mine and one preparation plant in West Virginia. The company was formerly known as Contura Energy, Inc. and changed its name to Alpha Metallurgical Resources, Inc. in February 2021. Alpha Metallurgical Resources, Inc. was incorporated in 2016 and is based in Bristol, Tennessee.
IPO Year: 2018
Exchange: NYSE
Website: alphametresources.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/21/2023 | $200.00 → $194.00 | Outperform → Market Perform | TD Cowen |
| 7/12/2022 | $215.00 | Outperform | Cowen |
| 3/10/2022 | $143.00 → $155.00 | Neutral → Buy | B. Riley Securities |
8-K - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
10-Q - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
8-K - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
8-K - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
SD - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
8-K - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
10-Q - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
8-K - Alpha Metallurgical Resources, Inc. (0001704715) (Filer)
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4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
TD Cowen downgraded Alpha Metallurgical Resources from Outperform to Market Perform and set a new price target of $194.00 from $200.00 previously
Cowen initiated coverage of Alpha Metallurgical Resources with a rating of Outperform and set a new price target of $215.00
B. Riley Securities upgraded Alpha Metallurgical Resources from Neutral to Buy and set a new price target of $155.00 from $143.00 previously
The market for coal used to make steel is in the summer doldrums, but supply outages in Australia and the United States are providing underlying tightness that could cause prices to spike in the late summer and fall once Asian steelmakers start restocking. Mine fires in Australia and West Virginia and a lock and dam closure in Alabama are causing latent tightness that won't become visible until India and China come back to the market between August and October. Once they do, prices are likely to move higher but remain capped below record highs by a sluggish global economy. "The supply side looks very supportive of met coal prices," John Berman, chief investment officer with natural re
Top Stories for May 30, 2024: 1. U.S. Steel (NYSE:X) and Nippon Steel have received all necessary regulatory approvals outside the U.S. for their proposed transaction. Approvals came from various international competition authorities, including those in the EU, Mexico, Serbia, Slovakia, Turkey and the UK. U.S. Steel CEO David B. Burritt stated that the approvals confirm the transaction’s pro-competitive nature and its strategic benefits, enhancing the firm's position as a leading global steelmaker and strengthening the U.S.-Japan alliance against China. 2. After over five weeks of discussions, BHP (NYSE:BHP) couldn't reach an agreement to acquire Anglo American (OTC:AAUKF) due
Alpha Metallurgical's (NYSE:AMR) short percent of float has risen 9.28% since its last report. The company recently reported that it has 1.39 million shares sold short, which is 15.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.76 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
B. Riley Securities analyst Lucas Pipes maintains Alpha Metallurgical (NYSE:AMR) with a Buy and raises the price target from $374 to $375.
Benchmark analyst Nathan Martin reiterates Alpha Metallurgical (NYSE:AMR) with a Hold.
1. Alpha Metallurgical (NYSE:AMR) reported first quarter net income of $127 million, or $9.59 per diluted share, adjusted EBITDA of $189.6 million and sales of $864 million. Despite softer coal market conditions, CEO Andy Eidson noted solid performance, although market deterioration has continued since the quarter ended. Segment coal sales costs dropped to $115.65 per ton in Q1 2024, down from $119 per ton in Q4 2023, while operating cash flow decreased to $196.1 million and capital expenditures increased to $63.6 million. Alpha’s share repurchase program authorized up to $1.5 billion and by April 30, 2024, the company repurchased 6.6 million shares for $1.1 billion, leaving 13
Alpha Metallurgical (NYSE:AMR) reported quarterly earnings of $9.59 per share which missed the analyst consensus estimate of $10.82 by 11.37 percent. The company reported quarterly sales of $864.072 million which beat the analyst consensus estimate of $845.350 million by 2.21 percent. This is a 5.18 percent decrease over sales of $911.235 million the same period last year.
Alpha Metallurgical (NYSE:AMR) has outperformed the market over the past 5 years by 32.5% on an annualized basis producing an average annual return of 43.81%. Currently, Alpha Metallurgical has a market capitalization of $4.39 billion. Buying $1000 In AMR: If an investor had bought $1000 of AMR stock 5 years ago, it would be worth $5,995.03 today based on a price of $337.64 for AMR at the time of writing. Alpha Metallurgical's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's autom
Posts third quarter net income of $3.8 million, or $0.29 per diluted shareReports Adjusted EBITDA of $49.0 million for the quarterIncreases quarter-over-quarter total liquidity by 42% or $150.3 millionAnnounces sales commitments to domestic customers for shipment in 2025 Introduces guidance for full year 2025BRISTOL, Tenn., Nov. 1, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the third quarter ending September 30, 2024. (millions, except per sh
BRISTOL, Tenn., Oct. 15, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR) ("Alpha" or the "Company"), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary sales volumes and realizations for the third quarter of 2024. "Our preliminary third quarter results reflect the market softness of the last few months, with revenues and shipment volumes both lower than in first or second quarter," said Andy Eidson, Alpha's chief executive officer. "With a significant slowdown in spot activity during the quarter, we conti
Reports second quarter net income of $58.9 million, or $4.49 per diluted shareGenerates Adjusted EBITDA of $116.0 million for the quarterIncreases quarter-over-quarter total liquidity by nearly 25% or $68.6 millionBRISTOL, Tenn., Aug. 5, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the second quarter ending June 30, 2024. (millions, except per share) Three months ended June 30, 2024 Mar. 31, 2024 June 30, 2023 Net income $58.9 $127.0 $181.4 Net
BRISTOL, Tenn., July 10, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its second quarter 2024 financial results before the market opens on Monday, August 5, 2024. The company also expects to hold a conference call to discuss its second quarter 2024 results at 10:00 a.m. Eastern time on August 5. Participating on the call will be Alpha's chief executive officer, Andy Eidson; president and chief operating officer, Jason Whitehead; executive vice president and chie
Reports first quarter net income of $127.0 million, or $9.59 per diluted shareGenerates Adjusted EBITDA of $189.6 million for the quarterBRISTOL, Tenn., May 6, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the first quarter ending March 31, 2024. (millions, except per share) Three months ended Mar. 31, 2024 Dec. 31, 2023 Mar. 31, 2023 Net income $127.0 $176.0 $270.8 Net income per diluted share $9.59 $12.88 $17.01 Adjusted EBITDA(1) $189.6 $266.
BRISTOL, Tenn., April 15, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its first quarter 2024 financial results before the market opens on Monday, May 6, 2024. The company also expects to hold a conference call to discuss its first quarter 2024 results at 10:00 a.m. Eastern time on May 6. Participating on the call will be Alpha's chief executive officer, Andy Eidson; president and chief operating officer, Jason Whitehead; executive vice president and chief financ
Posts fourth quarter net income of $176.0 million, or $12.88 per diluted shareAnnounces Adjusted EBITDA of $266.3 million for the quarterContinues progress on buyback program, with approximately $1.1 billion returned to shareholders since program inceptionAnnounces changes to company's board of directorsBRISTOL, Tenn., Feb. 26, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the fourth quarter and full year ending December 31, 2023. (millions, exc
BRISTOL, Tenn., Feb. 5, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its fourth quarter and full year 2023 financial results before the market opens on Monday, February 26, 2024. The company also expects to hold a conference call to discuss its fourth quarter and full year 2023 results at 10:00 a.m. Eastern time on February 26. Participating on the call will be Alpha's chief executive officer, Andy Eidson; president and chief operating officer, Jason Whitehead;
BRISTOL, Tenn., Oct. 12, 2023 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR) ("Alpha" or the "Company"), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary sales volumes and realizations for the third quarter of 2023 and revised full year 2023 guidance. "Alpha's third quarter was negatively impacted by a number of factors that warrant an announcement to the market ahead of our earnings release on November 2," said Andy Eidson, Alpha's chief executive officer. "We have also tightened and adjusted our full-year
Reports second quarter net income of $181.4 million, or $12.16 per diluted sharePosts Adjusted EBITDA of $258.5 million for the quarterMaintains robust progress of share buyback program by returning more than $850 million to shareholders since program inception as of July 31, 2023, with nearly $350 million in board authorization remainingDeclares quarterly dividend of $0.50 per shareAnnounces board decision to cease fixed dividend program at year end, consolidating focus and exclusive capital return priority to the share buyback programReduces full-year volume guidance for thermal coal within the Met segment to 1.0 million to 1.4 million tonsBRISTOL, Tenn. , Aug. 4, 2023 /PRNewswire/ -- Alph
Posts third quarter net income of $3.8 million, or $0.29 per diluted shareReports Adjusted EBITDA of $49.0 million for the quarterIncreases quarter-over-quarter total liquidity by 42% or $150.3 millionAnnounces sales commitments to domestic customers for shipment in 2025 Introduces guidance for full year 2025BRISTOL, Tenn., Nov. 1, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the third quarter ending September 30, 2024. (millions, except per sh
BRISTOL, Tenn., Oct. 15, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR) ("Alpha" or the "Company"), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary sales volumes and realizations for the third quarter of 2024. "Our preliminary third quarter results reflect the market softness of the last few months, with revenues and shipment volumes both lower than in first or second quarter," said Andy Eidson, Alpha's chief executive officer. "With a significant slowdown in spot activity during the quarter, we conti
Reports second quarter net income of $58.9 million, or $4.49 per diluted shareGenerates Adjusted EBITDA of $116.0 million for the quarterIncreases quarter-over-quarter total liquidity by nearly 25% or $68.6 millionBRISTOL, Tenn., Aug. 5, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the second quarter ending June 30, 2024. (millions, except per share) Three months ended June 30, 2024 Mar. 31, 2024 June 30, 2023 Net income $58.9 $127.0 $181.4 Net
BRISTOL, Tenn., July 10, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its second quarter 2024 financial results before the market opens on Monday, August 5, 2024. The company also expects to hold a conference call to discuss its second quarter 2024 results at 10:00 a.m. Eastern time on August 5. Participating on the call will be Alpha's chief executive officer, Andy Eidson; president and chief operating officer, Jason Whitehead; executive vice president and chie
BRISTOL, Tenn., May 10, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announces the upcoming departure of Roger Nicholson, the company's executive vice president, chief administrative officer, general counsel and secretary. As approved by Alpha's board of directors on May 8, 2024, Nicholson will leave the company effective May 31, 2024 after four and a half years of service. "I want to thank Roger for his significant impact on the company over the last several years," says An
Reports first quarter net income of $127.0 million, or $9.59 per diluted shareGenerates Adjusted EBITDA of $189.6 million for the quarterBRISTOL, Tenn., May 6, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the first quarter ending March 31, 2024. (millions, except per share) Three months ended Mar. 31, 2024 Dec. 31, 2023 Mar. 31, 2023 Net income $127.0 $176.0 $270.8 Net income per diluted share $9.59 $12.88 $17.01 Adjusted EBITDA(1) $189.6 $266.
BRISTOL, Tenn., April 15, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its first quarter 2024 financial results before the market opens on Monday, May 6, 2024. The company also expects to hold a conference call to discuss its first quarter 2024 results at 10:00 a.m. Eastern time on May 6. Participating on the call will be Alpha's chief executive officer, Andy Eidson; president and chief operating officer, Jason Whitehead; executive vice president and chief financ
Posts fourth quarter net income of $176.0 million, or $12.88 per diluted shareAnnounces Adjusted EBITDA of $266.3 million for the quarterContinues progress on buyback program, with approximately $1.1 billion returned to shareholders since program inceptionAnnounces changes to company's board of directorsBRISTOL, Tenn., Feb. 26, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the fourth quarter and full year ending December 31, 2023. (millions, exc
BRISTOL, Tenn., Feb. 5, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its fourth quarter and full year 2023 financial results before the market opens on Monday, February 26, 2024. The company also expects to hold a conference call to discuss its fourth quarter and full year 2023 results at 10:00 a.m. Eastern time on February 26. Participating on the call will be Alpha's chief executive officer, Andy Eidson; president and chief operating officer, Jason Whitehead;
BRISTOL, Tenn., Oct. 12, 2023 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR) ("Alpha" or the "Company"), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary sales volumes and realizations for the third quarter of 2023 and revised full year 2023 guidance. "Alpha's third quarter was negatively impacted by a number of factors that warrant an announcement to the market ahead of our earnings release on November 2," said Andy Eidson, Alpha's chief executive officer. "We have also tightened and adjusted our full-year
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BRISTOL, Tenn., May 10, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announces the upcoming departure of Roger Nicholson, the company's executive vice president, chief administrative officer, general counsel and secretary. As approved by Alpha's board of directors on May 8, 2024, Nicholson will leave the company effective May 31, 2024 after four and a half years of service. "I want to thank Roger for his significant impact on the company over the last several years," says An
MONTREAL, May 8, 2023 /CNW/ - AM Resources Corporation ("AM" or the "Corporation") (TSXV:AMR) (Frankfurt: 76A) announces the appointment of MNP LLP as its new auditor. Effective April 4th, 2023, MNP LLP (the "Successor Auditor") replaced Raymond Chabot Grant Thornton LLP (the "Former Auditor") as the Corporation's auditor. All procedures have been properly followed under National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") regarding the change of auditor and, as required, a Notice of Change of Auditor together with the required letters from the Former Auditor and the Successor Auditor have been filed via SEDAR with each securities commission in each province in which