Alpha Metallurgical Resources Inc

AMR

Equity

ISIN US0207641061 / Valor 59692777

New York Stock Exchange, Inc (2024-12-26)

USD 198.84-0.51%

Alpha Metallurgical Resources Inc
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About company

Alpha Metallurgical Resources Inc, listed on the NYSE as AMR, is a mining company headquartered in Tennessee, with operations spanning across Virginia and West Virginia. The company supplies high-quality metallurgical products to the steel industry globally, leveraging its significant port capacity and reliable reserves. Committed to safety, efficiency, and responsibility, Alpha's affiliates operate underground and surface mining complexes in Central Appalachia, with a strong focus on customer service and continuous improvement.

Summarized from source with an LLMView SourceSector: Energy

Net Income

Alpha Metallurgical Resources Inc. reported a net income of $58.9 million, or $4.49 per diluted share, for the second quarter of 2024. This represents a significant decrease from the first quarter's net income of $127.0 million, or $9.59 per diluted share.

Adjusted EBITDA

For the second quarter of 2024, Alpha Metallurgical Resources Inc. generated an Adjusted EBITDA of $116.0 million. This is a decline from the $189.6 million Adjusted EBITDA reported in the first quarter of the same year.

Liquidity

Alpha Metallurgical Resources Inc. increased its total liquidity by nearly 25% or $68.6 million quarter-over-quarter, reaching $356.7 million as of June 30, 2024. This includes cash and cash equivalents of $336.1 million and $95.6 million of unused availability under the ABL.

Coal Sales

In the second quarter of 2024, Alpha Metallurgical Resources Inc. sold 4.6 million tons of coal, up from 4.4 million tons in the first quarter. The net realized pricing for the Met segment was $141.86 per ton, down from $166.68 per ton in the previous quarter.

Share Repurchase Program

As of July 31, 2024, Alpha Metallurgical Resources Inc. has repurchased approximately 6.6 million shares of its common stock at a cost of approximately $1.1 billion, or $165.74 per share. The company’s board of directors had authorized a share repurchase program allowing for the expenditure of up to $1.5 billion.

Summarized from source with an LLMView Source

Key figures

-42.8%1Y

253%3Y

2,134%5Y

Performance

55.4%1Y

58.7%3Y

85.8%5Y

Volatility