BRISTOL, Tenn., April 24, 2026 /PRNewswire/ — Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary financial results for the first quarter ending March 31, 2026. The company plans to release its definitive first quarter financial results on May 8, 2026.
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(millions, except per share) |
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Three months ended |
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Mar. 31, 2026 |
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Net loss |
($11.0) |
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Net loss per diluted share |
($0.86) |
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Adjusted EBITDA(1) |
$30.0 |
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Tons of coal sold |
3.6 |
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1. This is a non-GAAP financial measure. A reconciliation of Net loss to Adjusted EBITDA is included in tables accompanying the financial schedules. |
“As discussed in February on our most recent earnings call, lower volumes and higher costs negatively impacted our first quarter 2026 results,” said Andy Eidson, Alpha’s chief executive officer. “With a planned month-long outage for equipment upgrades at Dominion Terminal Associates, our Q1 shipments were lower than our anticipated quarterly cadence for the balance of the calendar year. Additionally, we expected to incur elevated costs in the first quarter, primarily due to repair and maintenance needs across the portfolio. Elevated supply costs, such as the significant increase in diesel pricing since the start of the year, also contributed to a higher cost of coal sales for the quarter. Despite our prior communication of these anticipated headwinds, consensus expectations for the quarter did not reflect these realities, which is why we are offering today’s preliminary results ahead of our definitive earnings disclosures in early May. We look forward to providing additional context about our Q1 results and 2026 expectations at that time.”
Preliminary Financial Performance
Alpha expects to report a net loss of $11.0 million, or $0.86 per diluted share, for the first quarter 2026.
For the first quarter, total Adjusted EBITDA was $30.0 million.
Coal Revenues
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(millions) |
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Three months ended |
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Mar. 31, 2026 |
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Met segment |
$523.5 |
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Met segment (excl. freight & handling)(1) |
$447.3 |
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Tons Sold |
(millions) |
|
Three months ended |
|
|
Mar. 31, 2026 |
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Met segment |
3.6 |
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1. Represents Non-GAAP coal revenues which is defined and reconciled under “Non-GAAP Financial Measures” and “Results of Operations.” |
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Coal Sales Realization(1)
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(per ton) |
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|
Three months ended |
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|
Mar. 31, 2026 |
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Met segment |
$124.39 |
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1. Represents Non-GAAP coal sales realization which is defined and reconciled under “Non-GAAP Financial Measures” and “Results of Operations.” |
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First quarter net realized pricing for the Met segment was $124.39 per ton.
The table below provides a breakdown of our Met segment coal sold in the first quarter by pricing mechanism.
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(in millions, except per ton data) |
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Met Segment Sales |
Three months ended Mar. 31, 2026 |
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Tons Sold |
Coal Revenues |
Realization/ton(1) |
% of Met Tons Sold |
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Domestic |
0.8 |
$111.1 |
$137.27 |
24 % |
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Export – Australian indexed |
1.1 |
$162.3 |
$144.95 |
33 % |
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Export – other pricing mechanisms |
1.4 |
$157.0 |
$110.32 |
43 % |
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Total Met coal revenues |
3.4 |
$430.4 |
$128.40 |
100 % |
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Thermal coal revenues |
0.2 |
$16.9 |
$69.41 |
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Total Met segment coal revenues |
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