Alpha Metallurgical Resources(US:AMR)2025-05-09 11:34Financial Overview - The company maintains a senior secured asset-based revolving credit facility with a borrowing limit of $155.0 million, with no cash borrowings outstanding as of March 31, 2025[177]. - Investments in trading securities amounted to $43.0 million as of March 31, 2025, primarily consisting of U.S. government securities[178]. Commodity Price Risk - The company has exposure to commodity price risk for supplies such as diesel fuel and steel, managed through strategic sourcing contracts[175]. - As of March 31, 2025, the company has budgeted diesel fuel usage of 21.4 million gallons, with 81.6% priced at an average of $2.81 per gallon[176]. Foreign Currency Exposure - The company does not have material exposure to foreign currency exchange-rate risks, as transactions are denominated in U.S. dollars[179]. - The company’s coal is sold internationally, and fluctuations in foreign currencies could impact competitiveness in international markets[179]. Operational Metrics - The company’s operating margin is calculated as coal revenues less the cost of coal sales, reflecting profitability in operations[24]. - The company’s productivity is measured in clean metric tons of coal produced per underground man hour worked, as published by MSHA[25]. Strategic Developments - The company completed a merger with ANR, Inc. and Alpha Natural Resources Holdings, Inc. on November 9, 2018, enhancing its market position[22]. - The company’s coal reserves include economically mineable parts of measured or indicated coal resources, which are critical for future production[17].