Alpha Metallurgical Resources(US:AMR)2025-11-06 15:00Business Overview - Alpha sold 171 million tons of coal in 2024, with 76% for export and 24% for domestic markets[11] - Adjusted EBITDA in 2024 was $408 million[11] - The company has a diverse sales mix, including 37% High Vol-A, 31% High Vol-B, 19% Mid Vol, and 13% Low Vol[11] Production and Reserves - Total production in 2024 was 157 million tons, and total reserves as of year-end 2024 were 299 million tons[18] - Marfork complex accounted for 31% of total reserves, while McClure / Toms Creek accounted for 22%[18] Financial Performance - In 2024, the average realized price was $143 per ton[61] - Free cash flow in 2024 was $349 million[62] Capital Expenditures - Planned capital expenditures for 2025 are approximately $140 million, including $98 million for maintenance, $32 million for development projects, and $10 million carryover[64] Safety and Environment - The company has a ~24% lower Total Reportable Incident Rate vs Industry Avg[16] - The company has a ~50% Lower Non-Fatal Days Lost vs Industry Avg[16] Market Outlook - Global finished steel demand is expected to grow by ~40Mt or ~26% from 2029E to 2034E[27]