Posts third quarter net income of $3.8 million, or $0.29 per diluted share Reports Adjusted EBITDA of $49.0 million for the quarter Increases quarter-over-quarter total liquidity by 42% or $150.3 million Announces 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 resu ...

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The market expects Alpha Metallurgical (AMR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 1, 2024, might help the stock move higher if these key nu ...

Alpha Metallurgical Resources (NYSE: AMR ), a metallurgical coal company located in the U.S. is presenting a compelling value investment opportunity for the patient value investor. The stock has dropped 50% from its all-time high of $452 back in February and isIndividual Investor with ventures in pubic and private markets. I look for wonderful companies in the market that I have a capability of understanding, have strong intrinsic characteristics that separates and protects it from the competition and, that ...

cmannphoto/iStock via Getty Images Introduction A little more than a year ago, I published an article recommending the stock of Warrior Met Coal (HCC). The stock has done well, nearly doubling along the way to its peak, and still up about 50% after a recent pull-back. Today, I am recommending a similar company, Alpha Metallurgical Resources, Inc. (NYSE:AMR). I believe that a recent drawdown in the stock offers an opportunity for investors, as the negatives of being in a disliked industry are outweighed ...

Financial Performance - Coal revenues for Q2 2024 were $800.13 million, a decrease of 6.3% from $853.81 million in Q2 2023[12]. - Total revenues for the first half of 2024 were $1.67 billion, down 5.8% from $1.77 billion in the same period of 2023[12]. - Net income for Q2 2024 was $58.91 million, a decline of 67.5% compared to $181.36 million in Q2 2023[14]. - Basic income per common share for Q2 2024 was $4.53, down 64.1% from $12.63 in Q2 2023[12]. - Total comprehensive income for Q2 2024 was $50.43 million, significantly lower than $178.11 million in Q2 2023[14]. - Net income for the six months ended June 30, 2024, was $185,904, a decrease of 59% compared to $452,126 for the same period in 2023[19]. - Adjusted EBITDA for the three months ended June 30, 2024, was $115,995, a decrease of 55.1% compared to $258,494 for the same period in 2023[97]. - Adjusted EBITDA for the six months ended June 30, 2024, was $305.6 million, a decrease of $307.4 million or 50.1% compared to $612.9 million in the prior year[160]. Revenue Breakdown - Total revenues for the three months ended June 30, 2024, were $803,969, a decrease of 6.3% from $858,371 for the same period in 2023[95]. - Coal revenues for the three months ended June 30, 2024, were $800,130, down from $853,807 in the prior year, representing a decline of 6.3%[100]. - Export met coal revenues increased to $634,176 for the three months ended June 30, 2024, up 9.3% from $580,328 in the prior year[34]. - Domestic met coal revenues decreased significantly to $145,815, down 35.4% from $225,658 for the same period in 2023[34]. - Approximately 81% of coal revenues for the three months ended June 30, 2024, were derived from sales to customers outside the United States, compared to 72% in the same period of 2023[117]. Cost and Expenses - Cost of coal sales increased by $80.3 million, or 13.8%, to $663.8 million, primarily due to a 4.7% increase in coal sales volumes and an 8.7% rise in average cost per ton[131]. - Total costs and expenses rose by $93.0 million, or 14.5%, from $640.3 million to $733.3 million[132]. - Selling, general and administrative expenses for Q2 2024 were $18.81 million, up 7.4% from $17.51 million in Q2 2023[12]. - Selling, general and administrative expenses increased by $3.0 million, or 7.8%, for the six months ended June 30, 2024, mainly due to higher wages and benefits expenses[150]. Assets and Liabilities - Total assets increased to $2.49 billion as of June 30, 2024, compared to $2.41 billion at the end of 2023, reflecting a growth of 3.6%[17]. - Total liabilities rose to $849.38 million as of June 30, 2024, compared to $832.13 million at the end of 2023, an increase of 2.1%[17]. - Total stockholders' equity as of June 30, 2023, was $1,566,730, reflecting an increase from $1,429,750 at the end of 2022[25]. Cash Flow and Investments - Net cash provided by operating activities decreased to $334,199, down 32% from $494,606 in the prior year[19]. - Net cash used in investing activities increased to $140,531, compared to $71,301 in the prior year, indicating a significant rise in investment outflows[19]. - The net increase in cash, cash equivalents, and restricted cash for the six months ended June 30, 2024, was $71.1 million[184]. - The company expects to invest up to $25.0 million annually for infrastructure and equipment upgrades at DTA over the next six years[174]. Market and Operational Insights - The company is focused on expanding its operations in metallurgical coal products for the steel industry, leveraging its high-quality reserves and significant port capacity[28]. - The company’s strategic focus remains on the production of metallurgical quality coal for the steel industry, following the closure of its last thermal mine in August 2023[92]. - Economic pressures and geopolitical uncertainty have negatively impacted metallurgical coal markets, affecting the company's results for the three and six months ended June 30, 2024[120]. Tax and Regulatory Matters - The Company recorded an income tax expense of $19,443 on income before income taxes of $205,347 for the six months ended June 30, 2024, compared to an income tax expense of $76,009 on income before income taxes of $528,135 for the same period in 2023[63]. - The effective tax rate for the six months ended June 30, 2024, was 9.5%, compared to 14.4% for the same period in 2023[154]. - The company is facing potential collateral requirements of approximately $80,000 to $100,000 to secure certain black lung obligations under proposed regulations[86]. Shareholder Actions - The company declared a cash dividend of $0.50 per share during the second quarter of 2023, totaling $7,233[25]. - The company repurchased 6,630,535 shares for approximately $1,098,916 under its share repurchase program as of June 30, 2024[47].

Financial Performance - Alpha reported a net income of $58.9 million, or $4.49 per diluted share, for Q2 2024, down from $127.0 million, or $9.59 per diluted share, in Q1 2024[4]. - Adjusted EBITDA for Q2 2024 was $116.0 million, compared to $189.6 million in Q1 2024[4]. - Total revenues for the three months ended June 30, 2024, were $803,969,000, a decrease of 6.3% compared to $858,371,000 for the same period in 2023[24]. - Net income for the six months ended June 30, 2024, was $185,904,000, down 58.8% from $452,126,000 for the same period in 2023[27]. - Basic income per common share for the three months ended June 30, 2024, was $4.53, a decline of 64.1% from $12.63 for the same period in 2023[24]. - The company reported a decrease in coal revenues to $800,130,000 for the three months ended June 30, 2024, from $853,807,000 for the same period in 2023, reflecting a decline of 6.2%[24]. - Net income for the three months ended June 30, 2024, was $58,909,000, a decrease from $181,355,000 in the same period last year[29]. - Coal revenues for the six months ended June 30, 2024, totaled $1,661,413,000, down from $1,760,505,000 in the prior year[32]. - Non-GAAP coal revenues for the three months ended June 30, 2024, were $645,728,000, compared to $715,752,000 in the same period last year, reflecting a decrease of approximately 9.8%[31]. - Adjusted EBITDA for the three months ended June 30, 2024, was $115,995,000, a decrease from $258,494,000 in the same period last year[29]. Coal Sales and Pricing - The average realized price for metallurgical coal in Q2 2024 was $141.86 per ton, down from $166.68 per ton in Q1 2024[4]. - Coal revenues for the metallurgical segment were $800.1 million in Q2 2024, compared to $861.3 million in Q1 2024[6]. - Tons of coal sold in Q2 2024 increased to 4.6 million from 4.4 million in Q1 2024[9]. - The cost of coal sales for the metallurgical segment decreased to $109.31 per ton in Q2 2024, down from $115.65 per ton in Q1 2024[9]. - Tons sold in the Met segment for the three months ended June 30, 2024, increased to 4,552,000 tons from 4,149,000 tons in the same period last year[31]. - Non-GAAP coal sales realization per ton for the three months ended June 30, 2024, was $141.86, down from $172.51 in the same period last year[31]. - Future outlook indicates a focus on improving coal sales realization and managing costs effectively to enhance profitability[32]. Liquidity and Capital Expenditures - Total liquidity increased by nearly 25% to $356.7 million, including cash and cash equivalents of $336.1 million[10]. - Capital expenditures for Q2 2024 were $61.1 million, slightly down from $63.6 million in Q1 2024[10]. - Capital expenditures for the six months ended June 30, 2024, were $124,718,000, compared to $129,111,000 for the same period in 2023[27]. - Cash and cash equivalents increased to $336,148,000 as of June 30, 2024, compared to $268,207,000 as of December 31, 2023[25]. Shareholder Actions and Equity - The company authorized a share repurchase program of up to $1.5 billion, having repurchased approximately 6.6 million shares for about $1.1 billion as of July 31, 2024[13]. - Total stockholders' equity increased to $1,643,570,000 as of June 30, 2024, from $1,573,928,000 as of December 31, 2023[26]. Assets and Liabilities - Total current assets increased to $1,095,923,000 as of June 30, 2024, compared to $1,048,297,000 as of December 31, 2023[25]. - Total liabilities rose to $849,382,000 as of June 30, 2024, from $832,129,000 as of December 31, 2023[26]. - Net cash provided by operating activities for the six months ended June 30, 2024, was $334,199,000, down from $494,606,000 for the same period in 2023[27].

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 ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Alpha Metallurgical (AMR) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. ...