Posts fourth quarter net income of $176.0 million, or $12.88 per diluted share Announces Adjusted EBITDA of $266.3 million for the quarter Continues progress on buyback program, with approximately $1.1 billion returned to shareholders since program inception Announces changes to company's board of directors BRISTOL, 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 ...

Financial Performance - Q4 2023 net income of $176.0 million, or $12.88 per diluted share, compared to $93.8 million, or $6.65 per diluted share, in Q3 2023[1][6] - Q4 2023 Adjusted EBITDA of $266.3 million, up from $153.9 million in Q3 2023[1][6] - Net income for Q4 2023 was $176.0 million, down from $220.7 million in Q4 2022, a 20.3% decrease[29] - Basic income per common share for Q4 2023 was $13.35, compared to $13.86 in Q4 2022, a 3.7% decline[29] - Net income for the year ended December 31, 2023, was $721.956 million, compared to $1.448545 billion in 2022[32] - Adjusted EBITDA for the year ended December 31, 2023, was $1.033111 billion, down from $1.740612 billion in 2022[35] Coal Sales and Revenues - Met segment coal sales realization increased to $183.76 per ton in Q4 2023 from $154.73 per ton in Q3 2023[6] - Coal revenues for Q4 2023 were $957.1 million, compared to $821.1 million in Q4 2022, representing a 16.6% increase[29] - Total revenues for Q4 2023 reached $959.9 million, up from $823.4 million in Q4 2022, a 16.6% growth[29] - Non-GAAP coal revenues for the three months ended December 31, 2023, were $837.588 million, with a sales realization of $182.72 per ton[36] - Tons sold in the three months ended December 31, 2023, were 4.584 million, with coal revenues contributing $954.181 million[36] - Coal revenues for the three months ended December 31, 2023, were $957,127 thousand, with a GAAP coal margin of $237,487 thousand[37] - Non-GAAP coal margin for the same period was $294,581 thousand, with a per ton margin of $64.26[37] - Coal revenues for the three months ended September 30, 2023, were $738,998 thousand, with a non-GAAP coal sales realization per ton of $152.48[39] - Coal revenues for the three months ended December 31, 2022, were $821,142 thousand, with a GAAP coal margin of $238,938 thousand[42] - Non-GAAP coal margin for the three months ended December 31, 2022, was $280,932 thousand, with a per ton margin of $72.39[42] - Coal revenues for 2023 totaled $3,456,630 thousand, with Met coal contributing $3,406,643 thousand and All Other coal contributing $49,987 thousand[43] - Non-GAAP coal revenues for 2023 were $3,017,620 thousand, with a sales realization per ton of $176.76[43] - Coal revenues for 2022 totaled $4,092,987 thousand, with Met coal contributing $4,018,515 thousand and All Other coal contributing $74,472 thousand[45] - Non-GAAP coal revenues for 2022 were $3,563,924 thousand, with a sales realization per ton of $217.60[45] Cost of Coal Sales - Met segment cost of coal sales rose to $119.00 per ton in Q4 2023 from $109.95 per ton in Q3 2023[10] - 2024 guidance: Met segment cost of coal sales per ton projected between $110.00 to $116.00[21] - Non-GAAP cost of coal sales for the three months ended December 31, 2023, was $543.007 million, with a cost per ton of $118.46[36] - Non-GAAP cost of coal sales for the three months ended September 30, 2023, was $461,780 thousand, with a per ton cost of $109.30[39] - Non-GAAP cost of coal sales for the three months ended December 31, 2022, was $434,300 thousand, with a per ton cost of $111.90[41] - Non-GAAP cost of coal sales per ton in 2023 was $110.72, with Met coal at $111.67 per ton and All Other coal at $80.84 per ton[43] - Non-GAAP cost of coal sales per ton in 2022 was $105.53, with Met coal at $108.22 per ton and All Other coal at $59.19 per ton[45] Shareholder Returns and Liquidity - Share repurchase program: $1.1 billion returned to shareholders since inception, with 6.6 million shares repurchased at an average price of $164.87 per share[14] - Total liquidity as of December 31, 2023, was $287.3 million, including $268.2 million in cash and cash equivalents[13] - Cash and cash equivalents decreased to $268.2 million as of December 31, 2023, from $301.9 million in 2022, an 11.2% drop[30] - Total cash and cash equivalents and restricted cash at the end of 2023 was $384.125 million, compared to $355.394 million at the end of 2022[33] Capital Expenditures and Investments - 2024 capital expenditures guidance: $210 to $240 million[21] - Capital expenditures in 2023 increased to $245.373 million, up from $164.309 million in 2022[32] Operational Metrics - 2024 guidance: Metallurgical coal shipments expected between 15.5 to 16.5 million tons, with 35% committed and priced at an average of $171.33 per ton[19][20] - Tons sold for the three months ended December 31, 2023, were 4,584 thousand, with a GAAP coal margin per ton of $51.81[37] - Tons sold for the three months ended September 30, 2023, were 4,225 thousand, with a non-GAAP coal sales realization per ton of $152.48[39] - Tons sold for the three months ended December 31, 2022, were 3,881 thousand, with a GAAP coal margin per ton of $61.57[42] - Total tons sold in 2023 were 17,072, with Met coal accounting for 16,543 tons and All Other coal accounting for 529 tons[43] - Total tons sold in 2022 were 16,378, with Met coal accounting for 15,478 tons and All Other coal accounting for 900 tons[45] Balance Sheet and Financial Position - Total assets as of December 31, 2023, were $2.406 billion, up from $2.312 billion in 2022, a 4.1% increase[30] - Trade accounts receivable increased to $509.7 million as of December 31, 2023, from $407.2 million in 2022, a 25.2% rise[30] - Total liabilities decreased to $832.1 million as of December 31, 2023, from $882.7 million in 2022, a 5.7% reduction[30] - Retained earnings grew to $1.969 billion as of December 31, 2023, from $1.275 billion in 2022, a 54.4% increase[31] - Treasury stock increased to $1.189 billion as of December 31, 2023, from $649.1 million in 2022, an 83.3% rise[31] Cash Flow - Q4 2023 operating cash flow increased to $199.4 million from $157.2 million in Q3 2023[11] - Net cash provided by operating activities in 2023 was $851.159 million, down from $1.484005 billion in 2022[32] Depreciation and Amortization - Depreciation, depletion, and amortization for production in 2023 was $42.325 million, compared to $33.295 million in 2022[36] - Accretion on asset retirement obligations in 2023 was $6.371 million, up from $3.721 million in 2022[36] Coal Margins - GAAP coal margin for 2023 was $930,801 thousand, with a margin per ton of $54.52[44] - Non-GAAP coal margin for 2023 was $1,127,490 thousand, with a margin per ton of $66.04[44]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38735 ALPHA METALLURGICAL RESOURCES, INC. (Exact name of registrant as specified in its charter) Delaware 81-3015061 (State or other ...

jayk7/Moment via Getty Images Listen here or on the go via Apple Podcasts or Spotify. Seeking Alpha's quant guru Steven Cress talks about why Alpha Picks is up 100% and lets winners run (1:00), how to trade a huge winner like Super Micro (11:05) and how an alpha portfolio can bring income as well (16:00). Transcript Kim Khan: Welcome to the Investing Experts Podcast. I'm your host, Kim Khan. And today, my guest is Steve Cress, the Head of Quant Strategy at Seeking Alpha. You can always get a full tra ...

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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Alpha Metallurgical (AMR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Alpha Metallurgical is a member of our Basic Materials group, which includes 236 different companies and currently sits at #15 in the Zacks Sector ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Alpha Metallurgical (AMR) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Alpha Metallurgical is a member of our Basic Materials group, which includes 236 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zac ...

Investors prefer to put their money in businesses that reap profits on a regular basis. In order to gauge the extent of profits, there is no better metric than net profit margin.A higher net margin reflects a company’s efficiency in converting sales into actual profits. Virco Manufacturing Corporation (VIRC) , H&E Equipment Services, Inc. (HEES) , Alpha Metallurgical Resources, Inc. (AMR) and Photronics, Inc. (PLAB) boast solid net profit margins.Net Profit Margin = Net profit/Sales * 100.In simple terms, n ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fun ...