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Alpha Announces Financial Results for Fourth Quarter and Full Year 2024
AMRAlpha Metallurgical Resources(AMR) Prnewswire·2025-02-28 12:30

Financial Performance - Alpha Metallurgical Resources reported a net loss of 2.1millionforQ42024,comparedtoanetincomeof2.1 million for Q4 2024, compared to a net income of 3.8 million in Q3 2024 and 176.0millioninQ42023[4][7]−AdjustedEBITDAforQ42024was176.0 million in Q4 2023 [4][7] - Adjusted EBITDA for Q4 2024 was 53.2 million, an increase from 49.0millioninQ32024[4][7]−CoalrevenuesforQ42024were49.0 million in Q3 2024 [4][7] - Coal revenues for Q4 2024 were 615.4 million, down from 669.8millioninQ32024[4][7]CoalSalesandPricing−Themetallurgicalsegmentsold4.1milliontonsofcoalinQ42024,consistentwithQ32024[4][6]−Thenetrealizedpricingforthemetallurgicalsegmentwas669.8 million in Q3 2024 [4][7] Coal Sales and Pricing - The metallurgical segment sold 4.1 million tons of coal in Q4 2024, consistent with Q3 2024 [4][6] - The net realized pricing for the metallurgical segment was 127.84 per ton in Q4 2024, down from 132.76pertoninQ32024[4][8]−Totalmetallurgicalcoalrevenues(excludingfreightandhandling)were132.76 per ton in Q3 2024 [4][8] - Total metallurgical coal revenues (excluding freight and handling) were 519.3 million in Q4 2024, compared to 550.7millioninQ32024[4][8]GuidanceAdjustments−Thecompanyreduceditsfull−year2025guidanceformetallurgicalcoalshipmentvolumestoarangeof14.5millionto15.5milliontons,downfrom15.0millionto16.0milliontons[3][13]−Thecostofcoalsalesguidancefor2025wasincreasedtoarangeof550.7 million in Q3 2024 [4][8] Guidance Adjustments - The company reduced its full-year 2025 guidance for metallurgical coal shipment volumes to a range of 14.5 million to 15.5 million tons, down from 15.0 million to 16.0 million tons [3][13] - The cost of coal sales guidance for 2025 was increased to a range of 103.00 to 110.00perton,upfromthepreviousrangeof110.00 per ton, up from the previous range of 103.00 to 108.00perton[3][13]LiquidityandCapitalResources−AsofDecember31,2024,thecompanyhadtotalliquidityof108.00 per ton [3][13] Liquidity and Capital Resources - As of December 31, 2024, the company had total liquidity of 519.4 million, including cash and cash equivalents of 481.6million[10]−Operatingcashflowdecreasedto481.6 million [10] - Operating cash flow decreased to 56.3 million in Q4 2024, down from 189.5millioninQ32024[9][10]−CapitalexpendituresforQ42024were189.5 million in Q3 2024 [9][10] - Capital expenditures for Q4 2024 were 42.7 million, compared to 31.5millioninQ32024[9]ShareRepurchaseProgram−Theboardofdirectorsauthorizedasharerepurchaseprogramallowingfortheexpenditureofupto31.5 million in Q3 2024 [9] Share Repurchase Program - The board of directors authorized a share repurchase program allowing for the expenditure of up to 1.5 billion, with approximately 6.6 million shares acquired at a cost of about $1.1 billion as of February 21, 2025 [11][12]