Alpha Metallurgical Resources(US:AMR) Prnewswire·2026-02-27 12:30Core Viewpoint - Alpha Metallurgical Resources, Inc. reported a net loss of $17.3 million for Q4 2025, reflecting ongoing challenges in the metallurgical pricing environment, while also indicating potential improvements in the market for 2026 [1][2]. Financial Performance - The company reported a net loss of $17.3 million for Q4 2025, compared to a net loss of $5.5 million in Q3 2025 and $2.1 million in Q4 2024 [1]. - Adjusted EBITDA for Q4 2025 was $28.5 million, down from $41.7 million in Q3 2025 and $53.2 million in Q4 2024 [1]. - Operating cash flow decreased to $19.0 million in Q4 2025 from $50.6 million in Q3 2025 [1]. Coal Revenues - Total coal revenues for Q4 2025 were $519.1 million, slightly down from $525.2 million in Q3 2025 [1]. - The metallurgical segment's coal sales realization was $115.31 per ton in Q4 2025, compared to $114.94 per ton in Q3 2025 [1]. Cost of Sales - The cost of coal sales in the metallurgical segment increased to $478.5 million in Q4 2025, up from $461.6 million in Q3 2025 [1]. - The average cost of coal sales per ton rose to $101.43 in Q4 2025 from $97.27 in Q3 2025 [1]. Liquidity and Capital Resources - As of December 31, 2025, total liquidity was $524.3 million, including cash and cash equivalents of $366.0 million [1]. - Capital expenditures for Q4 2025 were $29.0 million, compared to $25.1 million in Q3 2025 [1]. Share Repurchase Program - The board authorized a share repurchase program of up to $1.5 billion, with approximately 6.9 million shares repurchased for about $1.1 billion as of February 20, 2026 [1]. 2026 Operational Performance Update - As of February 17, 2026, Alpha has committed and priced approximately 37% of its metallurgical coal for 2026 at an average price of $134.02 per ton [2]. - The guidance for metallurgical coal shipments in 2026 is between 14.4 million and 15.4 million tons, while thermal coal shipments are expected to be between 0.7 million and 1.1 million tons [2].