Alpha Announces Third Quarter 2025 Financial Results

Financial Performance - Alpha Metallurgical Resources reported a net loss of $5.5 million for Q3 2025, compared to a net loss of $5.0 million in Q2 2025 and a net income of $3.8 million in Q3 2024 [3][7] - Adjusted EBITDA for the third quarter was $41.7 million, down from $46.1 million in the previous quarter [3][7] - Operating cash flow decreased to $50.6 million from $53.2 million in the prior quarter [9] Coal Revenues - Total coal revenues for Q3 2025 were $525.2 million, a decrease from $548.7 million in Q2 2025 [3][7] - The metallurgical segment's coal sales realization was $114.94 per ton, down from $119.43 per ton in the previous quarter [4][8] - Tons of coal sold remained stable at 3.9 million tons for both Q3 2025 and Q2 2025 [3][5] Cost Management - The cost of coal sales in the metallurgical segment decreased to $461.6 million in Q3 2025 from $480.0 million in Q2 2025 [6][8] - The average cost of coal sales per ton in the metallurgical segment was $97.27, down from $100.06 in the previous quarter [8] - The company achieved record quarterly cost performance for coal sales, marking a significant achievement in cost reduction [7][2] Liquidity and Capital Resources - As of September 30, 2025, total liquidity was $568.5 million, including cash and cash equivalents of $408.5 million [10] - Capital expenditures for Q3 2025 were $25.1 million, a decrease from $34.6 million in Q2 2025 [9][10] Share Repurchase Program - The board of directors authorized a share repurchase program of up to $1.5 billion, with approximately 6.8 million shares repurchased at a cost of about $1.1 billion as of October 31, 2025 [11][12] 2025 Guidance Adjustments - The company lowered its 2025 guidance range for capital contributions to equity affiliates to between $35 million and $41 million, down from $44 million to $54 million [13] - Approximately 85% of metallurgical coal for 2025 has been committed and priced at an average price of $122.57 per ton [13][14]