Alpha Issues 2026 Guidance Expectations

Core Viewpoint - Alpha Metallurgical Resources, Inc. has issued guidance expectations for 2026, indicating a focus on safe production, efficiency, cost containment, and investment in the Kingston Wildcat mine despite challenging market conditions [2][3]. Sales Volume Expectations - For 2026, Alpha expects to ship between 14.4 million and 15.4 million metallurgical tons and an additional 0.7 million to 1.1 million tons of incidental thermal coal, totaling a range of 15.1 million to 16.5 million tons for the year [3]. Cost Projections - The company anticipates its cost of coal sales to be between $95.00 and $101.00 per ton for 2026, which includes the impact of the Section 45X credit [4]. SG&A and Other Expenses - Selling, general and administrative (SG&A) costs are projected to be between $53 million and $59 million, excluding non-recurring expenses and non-cash stock compensation. Idle operations expense is expected to range from $24 million to $32 million [5]. - Net cash interest income is forecasted to be between $2 million and $6 million, while depreciation, depletion, and amortization are expected to be between $160 million and $174 million [5]. Capital Expenditures and Contributions - Alpha plans for capital expenditures between $148 million and $168 million in 2026, which includes sustaining maintenance capital and development capital for the Kingston Wildcat mine. Contributions to equity affiliates are expected to be between $35 million and $45 million [6]. Tax Rate Expectations - The company expects a cash tax rate of between 0% and 5% for 2026 [7].