#United States #financial results #Alpha Metallurgical #Bristol #EBITDA

Alpha Metallurgical Resources Reports Q3 2025 Financial Performance

Alpha Metallurgical Resources, Inc. (NYSE: AMR), a prominent player in the U.S. metallurgical products market, has filed its financial results for the third quarter of 2025. Despite facing a challenging market, the company reported notable achievements in cost management, posting a net loss of $5.5 million. This figure reflects a slight decrease from the previous quarter's loss of $5.0 million.

Key Financial Highlights

In a detailed analysis of its financial results, the company noted an adjusted EBITDA of $41.7 million for the third quarter, down from $46.1 million in the second quarter. Operating cash flow saw a minor drop to $50.6 million from $53.2 million, while capital expenditures decreased to $25.1 million from $34.6 million in the previous quarter. The total liquidity of the company stood at an impressive $568.5 million as of September 30, 2025.

CEO Andy Eidson remarked, "Our cost performance has been a highlight in back-to-back quarters, marking a reduction of almost three dollars compared to the previous quarter's results. Achieving this amidst a difficult market is a testament to our team's hard work and dedication."

Coal Revenue Insights

Alpha's coal segment generated total revenues of $525.2 million during the quarter, characterized by sales of 3.9 million tons of coal. The pricing realization for the metallurgical segment was reported at $114.94 per ton, down from $119.43 per ton in the previous quarter. Notably, the company's cost of coal sales also decreased to an average of $97.27 per ton, compared to $100.06 per ton in the previous quarter.

The breakdown of coal sales revealed diverse pricing mechanisms; export coal commanded higher prices, emphasizing the company's strategic price positioning. Over 65% of their metallurgical coal was priced based on different mechanisms, highlighting their adaptability in the competitive market.

Future Guidance Adjustments

Alpha has revisited its 2025 guidance, retracting its earlier predictions for capital contributions to equity affiliates, now estimating between $35 million to $41 million, down from $44 million to $54 million. The company has successfully committed approximately 85% of its metallurgical coal for the year at an average price of $122.57 per ton, potentially stabilizing revenues in the upcoming quarters.

As the industry navigates fluctuating market conditions, Alpha remains focused on securing domestic negotiations for coal delivery in 2026 and will share further insights once its budget for the next year is finalized.

Conclusion

While Alpha Metallurgical Resources continues to face financial pressures, its proactive measures in cost reduction and strategic planning appear to be yielding promising results. The company's focus on maintaining strong liquidity through effective financial management positions it to adapt to future market challenges, aligning with the evolving demands of the metallurgical product industry. Analysts and investors are keenly awaiting more detailed guidance aiming toward a clearer understanding of the company's trajectory in 2026.

For those interested in further details, Alpha plans to conduct a conference call at 10:00 a.m. Eastern Time on November 6, 2025, to discuss the results and answer questions from analysts.