#United States #Steel Industry #Alpha Metallurgical #Bristol #AMR

Alpha Metallurgical Resources Releases Preliminary Q1 2026 Results

Bristol, Tennessee – April 24, 2026 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a prominent player in the U.S. metallurgical products market for the steel industry, has disclosed preliminary financial results for the first quarter, which concluded on March 31, 2026. The definitive results are anticipated to be available on May 8, 2026.

Financial Overview

In the first quarter of 2026, Alpha reported a net loss of $11.0 million, translating to a loss of $0.86 per diluted share. Despite the challenges, the company achieved an Adjusted EBITDA of $30.0 million. The total volume of coal sold during this period stood at 3.6 million tons.

Challenges Impacting Results

Andy Eidson, CEO of Alpha, attributed the lower-than-expected performance to several factors, including decreased shipment volumes stemming from a planned month-long equipment upgrade at Dominion Terminal Associates. Additionally, the first quarter was hit hard by rising costs due to extensive repair and maintenance across the company's operations. The spike in diesel prices further compounded the cost challenges faced during this period.

Eidson stated, "Our earnings call in February highlighted the anticipated effects of lower volumes and higher costs for our results in the first quarter. We proactively communicate these challenges to prepare stakeholders for the implications on our financial standings."

Preliminary Performance Statistics

• - Net Loss: $11.0 million
• - Net Loss Per Diluted Share: $0.86
• - Adjusted EBITDA: $30.0 million
• - Tons of Coal Sold: 3.6 million

Detailed Coal Segment Performance

The metallurgical segment reported total coal revenues of $523.5 million, with a net realization of $124.39 per ton. The breakdown of coal sales revealed:

• - Domestic Sales: 0.8 million tons, generating $111.1 million at $137.27 per ton (24% of total sales)
• - Export Sales (Australian indexed): 1.1 million tons, generating $162.3 million at $144.95 per ton (33% of total sales)
• - Other Export Pricing Mechanisms: 1.4 million tons, generating $157.0 million at $110.32 per ton (43% of total sales)

Liquidity Position

As of March 31, 2026, Alpha's liquidity stood at $476.2 million, comprising cash, cash equivalents of $317.2 million, and a $184.3 million undrawn portion under an asset-based revolving credit facility. The company had no borrowings recorded and held $40.7 million in outstanding letters of credit under the facility, along with total long-term debts of only $12.2 million.

Share Repurchase Program

In line with its financial strategy, the board of directors has sanctioned a share repurchase program which allows for up to $1.5 billion to buy back company stock. As of the end of Q1 2026, Alpha had repurchased approximately 7 million shares at the cost of around $1.2 billion. The share buyback reflects confidence in the company’s long-term potential despite the current financial challenges.

Forward-Looking Statements

Alpha has cautioned that these preliminary results are subject to change as the definitive report may reveal different outcomes. The company plans to provide further details and insights during their earnings call on May 8, 2026, where it will elaborate on the financial developments and expectations for the upcoming quarters.

For further information, visit their official website at www.AlphaMetResources.com.

As Alpha navigates these challenges in the steel sector, stakeholders are encouraged to monitor upcoming announcements that may reflect the company's strategies moving forward in 2026.