The presentation confirms a cyclical downturn in met coal markets with declining revenue and profitability. Traders should monitor coal price trends and demand from India/Asia, as the company's guidance suggests stable shipments but no margin recovery. The aggressive share repurchase program provides a floor but does not offset fundamental weakness.
Price Chart
Executive Summary
Alpha Metallurgical Resources filed an 8-K with an investor presentation on August 7, 2026, providing updated guidance and historical financials. The presentation reveals a sharp decline in 2025 revenue ($2.13B, down ~28% YoY) and a net loss of $61.7M, with adjusted EBITDA falling to $122M from $408M. Guidance for 2026 targets met coal shipments of 13.2-14.0M tons and cost per ton of $103-$107, but no revenue or EBITDA forecasts are given. The company continues its share repurchase program, having reduced outstanding shares by ~32% since 2022.
Key Facts
- 2025 revenue was $2.13B, down from $2.96B in 2024 (a ~28% decline).
- 2025 adjusted EBITDA was $122M, down from $408M in 2024.
- 2025 net loss was $61.7M, compared to net income of $187.6M in 2024.
- 2025 free cash flow was negative $20.4M.
- Guidance for 2026: met coal shipments 13.2-14.0M tons, cost per ton $103-$107, capex $148-$168M.
- Since March 2022, the company has repurchased ~7.0M shares for ~$1.2B, reducing basic share count by ~32%.
- The company is the largest U.S. producer of metallurgical coal with 65% ownership in DTA export terminal.
Financial Impact
2025 revenue $2.13B, adjusted EBITDA $122M, net loss $61.7M; 2026 guidance implies continued pressure with no specific revenue/EBITDA targets.
Risk Factors
- Continued decline in met coal prices could further pressure revenue and EBITDA.
- High capex guidance ($148-$168M) may strain free cash flow if coal prices remain low.
- Dependence on export markets (75% of sales) exposes the company to global trade and shipping disruptions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001704715-26-000032 |
| Document: amr-20260807.htm | 0001704715-26-000032 |
| Document: 0001704715-26-000032-index-headers.html | 0001704715-26-000032 |
| Document: 0001704715-26-000032-index.html | 0001704715-26-000032 |
| Document: 0001704715-26-000032.txt | 0001704715-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $163.60 | awaiting T+5 | — | $159.03 (−2.79%) |
Oct 23, 2026 3d ago | Press Release | $163.60 | awaiting T+5 | — | $159.03 (+2.79%) |
Aug 31, 2026 8w ago | Insider Cluster | $233.41 $226.94 | ▼ −2.77% | ▼ −2.85% | $159.03 (−31.87%) |
Aug 25, 2026 8w ago | Insider Cluster | $215.63 $233.41 | ▲ +8.25% | ▲ +8.78% | $159.03 (−26.25%) |
Aug 7, 2026 11w ago | 8-K | $151.95 $166.05 | ▲ +9.28% | ▲ +8.88% | $159.03 (+4.66%) |
Aug 7, 2026 11w ago | 8-K | $151.95 $166.05 | ▼ −9.28% | ▼ −8.88% | $159.03 (−4.66%) |
Jul 27, 2026 13w ago | 8-K | $145.54 $137.16 | ▲ +5.76% | ▲ +6.83% | $159.03 (−9.27%) |
Jun 18, 2026 18w ago | 8-K | $175.09 $165.25 | ▲ +5.62% | ▲ +3.55% | $159.03 (+9.17%) |
Jun 4, 2026 20w ago | Insider Cluster | $202.38 $200.82 | ▼ −0.77% | ▼ −1.34% | $159.03 (−21.42%) |
Jun 1, 2026 21w ago | 144 | $215.37 $202.38 | ▼ −6.03% | ▼ −3.28% | $159.03 (−26.16%) |
US Market Status
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