The preliminary release is largely in line with the deteriorating trend seen in Q2 — volumes improved but costs remain elevated and the company is burning cash (negative free cash flow). The key catalyst will be the November 6 definitive release where management is expected to provide 2027 guidance.
Price Chart
Executive Summary
Alpha Metallurgical Resources reported preliminary Q3 2026 results with a net loss of $9.3M (-$0.73/diluted share) and Adjusted EBITDA of $29.4M, showing sequential improvement in volumes (3.9M tons sold vs 3.5M in Q2) but continued cost pressure with met segment cost of coal sales at $106.93/ton. The company maintained liquidity of $443.4M and spent only $3M on share repurchases during the quarter. Definitive results and 2027 outlook will be released on November 6, 2026.
Key Financial Metrics
Key Facts
- Preliminary Q3 2026 net loss of $9.3M, or $0.73 per diluted share
- Adjusted EBITDA of $29.4M, up from $25.6M in Q2 2026
- Met segment coal revenues of $560.6M (excl. freight: $474.1M)
- Met segment tons sold increased to 3.9M from 3.5M in Q2
- Met segment cost of coal sales per ton of $106.93 vs $103.07 in Q2
- Total liquidity of $443.4M including $334.1M cash and $184.3M ABL availability
- Share repurchases slowed to ~$3M for 18,000 shares in Q3
- Definitive Q3 results and 2027 outlook to be announced November 6, 2026
Financial Impact
Preliminary results show modest sequential improvement in volumes and EBITDA but continued cost pressure; no material change to financial trajectory
Risk Factors
- Continued cost pressure from higher supply costs and DTA terminal inefficiency
- Soft met coal market conditions persisting into 2027
- Negative free cash flow trajectory with capex exceeding operating cash flow
- Preliminary results subject to change upon final close
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001704715-26-000038 |
| Document: amr-20261023.htm | 0001704715-26-000038 |
| Document: 0001704715-26-000038-index-headers.html | 0001704715-26-000038 |
| Document: 0001704715-26-000038-index.html | 0001704715-26-000038 |
| Document: 0001704715-26-000038.txt | 0001704715-26-000038 |
| 8-K Data (Synthetic) | 0001704715-26-000038 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $163.60 | awaiting T+5 | — | $168.57 (+3.04%) |
Oct 23, 2026 4d ago | Press Release | $163.60 | awaiting T+5 | — | $168.57 (−3.04%) |
Aug 31, 2026 8w ago | Insider Cluster | $233.41 $226.94 | ▼ −2.77% | ▼ −2.85% | $168.57 (−27.78%) |
Aug 25, 2026 9w ago | Insider Cluster | $215.63 $233.41 | ▲ +8.25% | ▲ +8.78% | $168.57 (−21.82%) |
Aug 7, 2026 11w ago | 8-K | $151.95 $166.05 | ▲ +9.28% | ▲ +8.88% | $168.57 (+10.94%) |
Aug 7, 2026 11w ago | 8-K | $151.95 $166.05 | ▼ −9.28% | ▼ −8.88% | $168.57 (−10.94%) |
Jul 27, 2026 13w ago | 8-K | $145.54 $137.16 | ▲ +5.76% | ▲ +6.83% | $168.57 (−15.82%) |
Jun 18, 2026 18w ago | 8-K | $175.09 $165.25 | ▲ +5.62% | ▲ +3.55% | $168.57 (+3.72%) |
Jun 4, 2026 20w ago | Insider Cluster | $202.38 $200.82 | ▼ −0.77% | ▼ −1.34% | $168.57 (−16.71%) |
Jun 1, 2026 21w ago | 144 | $215.37 $202.38 | ▼ −6.03% | ▼ −3.28% | $168.57 (−21.73%) |
US Market Status
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