Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

Andrzej Rostek Introduction Although I mainly focus on dividend (growth) investing, I regularly cover other investment opportunities, including companies in areas of significant economic importance. After all, macroeconomic developments are a big part of my research. One of my favorite sectors to cover is energy, which includes coal. In the first coal-focused article this year, I want to highlight a company I have never covered before. That company is Alpha Metallurgical Resources (NYSE:AMR), one of the bes ...

Monty RakusenOverview Alpha Metallurgical Resources (NYSE:AMR) is the largest metallurgical ("MET") coal producer in the United States. The company is expected to produce about 16M tons of MET coal in 2024 and roughly another 1M tons of thermal coal as a byproduct. The last thermal coal mine was closed last year, so AMR is now a pure-play MET coal producer. Arch Resources (NYSE:ARCH) is another coal mining company in the United States. The company has yet to provide official guidance for 2024, but did o ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Emily O'Quinn - SVP, IR and Communications Andy Eidson - CEO Todd Munsey - CFO Jason Whitehead - President and COO Dan Horn - Chief Commercial Officer Conference Call Participants Lucas Pipes - B. Riley Securities FBR Nathan Martin - Benchmark Company Operator Greetings, and welcome to the Alpha Metallurgical Resources Third Quarter 2023 Results Conference Call. At this time all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 ...

Financial Data and Key Metrics Changes - Second quarter adjusted EBITDA was $258 million, down from $354 million in the first quarter [10] - Sold 4.3 million tons in the quarter, with 4.1 million from the Met segment and 200,000 from All Other [10] - Average realization for the Met segment decreased to $172.51 per ton in Q2 from $208.93 in Q1 [10] - Unrestricted cash increased to $312.4 million from $222.5 million at the end of Q1 [13] - Cash provided by operating activities increased to $317.2 million in Q2 from $177.4 million in Q1 [13] Business Line Data and Key Metrics Changes - Realization for metallurgical sales in Q2 was $176.04 per ton, down approximately 17% from $213.21 per ton in Q1 [11] - Cost of coal sales in the Met segment decreased to $106.35 per ton from $110.56 per ton in Q1 [11] - Cost of coal sales in the All Other category increased to $88.59 per ton from $74.69 per ton in Q1 [11] - CapEx for Q2 was $54.9 million, down from $74.2 million in Q1, with a full-year guidance range of $250 million to $280 million [12] Market Data and Key Metrics Changes - Metallurgical coal markets have softened due to economic and geopolitical factors, with indices decreasing by 20% or more in Q2 [21][22] - The Australian premium low-vol index decreased from $300 per metric ton at the start of the quarter to $233 by June 30 [22] - The thermal market also saw significant price drops, with the API2 index falling from $146.55 per metric ton on April 1 to $122 by June 30 [23] Company Strategy and Development Direction - The company plans to focus exclusively on share buybacks, ceasing the dividend program after the next declaration [8][15] - Management aims to optimize output based on customer market needs and control costs amid ongoing volatility in coal markets [6][7] - Transitioning to a pure-play metallurgical coal company as the last thermal coal mine, Slabcamp, is set to idle by August 31, 2023 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating market volatility and anticipated further softness in coal pricing due to economic factors [6][21] - The company is focused on safely producing coal and optimizing operations despite challenges in labor costs and supply chain inflation [17][18] - Future discussions with domestic customers regarding contracts for 2024 are underway, with expectations for a productive dialogue [24] Other Important Information - The company has returned over $850 million to shareholders through buybacks since the program's inception [7][16] - As of July 31, 2023, the number of common stock shares outstanding was approximately 13.7 million, a reduction of roughly 26% since the buyback program began [16] Q&A Session Summary Question: Assessment of the seaborne market and opportunities - The market has seen a summer lull, but opportunities in Asia remain selective, with a focus on contract positions to avoid lower-priced spot markets [29] Question: Domestic market sales flexibility - Historical sales into the domestic market can range between 3 million and 5 million tons, depending on steel industry conditions [30][32] Question: Inflationary pressures and easing costs - Cost pressures continue across the board, particularly in labor, but supply chain constraints have improved, leading to potential future cost relief [35][38] Question: Dividend reinstatement conditions - Dividend reinstatement would depend on market valuation, with a current focus on share buybacks until appropriate valuation is achieved [50] Question: Interest in vertical integration from steelmakers - There is ongoing discussion about vertical integration, but no significant actions have materialized in the current market environment [54]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 ot ...

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Q1 2023 Earnings Conference Call May 8, 2023 10:00 AM ET Company Participants Emily O'Quinn - Senior Vice President, Investor Relations and Communications Andy Eidson - Chief Executive Officer Todd Munsey - Chief Financial Officer Jason Whitehead - President and Chief Operating Officer Dan Horn - Chief Commercial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - Benchmark Company Operator Greetings, and welcome to the Alpha ...

FORWARD LOOKING STATEMENTS This document includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. The following factors are among those that may cause actual results to differ materially from our forward-looking statements: • the ...