NYSE$AMR

Alpha Metallurgical Resources, Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Alpha Metallurgical reported a net loss from continuing operations of $32.7 million and an Adjusted EBITDA of $28.9 million.

Alpha Metallurgical Resources reported first quarter 2021 results, including a net loss from continuing operations of $32.7 million, or $1.78 per diluted share. Total Adjusted EBITDA was $28.9 million, primarily due to higher volumes and improved coal revenues per ton. The company reiterates its 2021 operating guidance.

  • Reported net loss from continuing operations of $32.7 million for the first quarter 2021.
  • Posted Adjusted EBITDA of $28.9 million for the first quarter 2021.
  • Continued strong cost management across all operating segments.
  • Expects significant reduction in minimum required pension contributions through 2025.

Headline financials

Total Revenue

$386M

Previous: $470M-17.9%
EPS (adj)

-$1.78

Previous: -$2.18+18.3%
Met Sales Realization per Ton

$82.00

No prior period
Met Cost per Ton

$71.72

Previous: $70.68+1.5%
Met Tons Sold

3.7M

No prior period
Free Cash Flow

-$32.9M

Previous: -$39.8M+17.3%
Net Income

-$32.9M

Previous: -$39.8M+17.3%
Operating Income

-$16.5M

Previous: -$23.7M+30.4%
Gross Profit

$38.8M

Previous: $72.6M-46.5%
Cash & Equivalents

$92.2M

Previous: $227M-59.4%
Total Assets

$1.67B

Previous: $2.29B-27.1%
Stock-Based Comp

$2.18M

Previous: $2.08M+5.1%

Revenue & EPS history

Alpha Metallurgical · Revenue · Quarterly

$386M

Q1 2021-17.9%vs Q1 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Alpha Metallurgical · $493M total across 2 segments · Q2 2023

  • Export Met Coal
    $271M-35.0%
  • Domestic Met Coal
    $222M+39.2%

Forward guidance

The company reiterates its previously issued 2021 operating guidance with coal shipments guidance range of 14.8 million tons to 16.2 million tons, with Met segment volume expected to be between 13.5 million to 14.5 million tons with pure metallurgical coal shipments of 12.5 million to 13.0 million tons and incidental thermal shipments in this segment of 1.0 million to 1.5 million tons. Our All Other segment volume is anticipated to be between 1.3 million tons to 1.7 million tons.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+7.4%

Avg return

30 days after

38%

14 / 37 earnings

Positive

+26.4%

Q2 2020

Best reaction

-50.4%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%-7.2%
Q4 2025-2.6%+8.7%+32.9%
Q3 2025-1.7%-4.7%+2.9%
Q1 2025-8.5%-1.5%-10.8%
Q4 2024-7.4%-10.5%-14.9%
Q3 2024+2.4%+16.1%+17.9%
Q2 2024-3.6%-0.7%-17.7%
Q1 2024-8.5%-13.7%-6.7%
Q4 2023+12.5%-1.0%-17.1%
Q3 2023-1.6%-7.3%+31.4%
Q2 2023+7.5%+10.4%+28.1%
Q1 2023+8.7%+3.9%+4.6%
Q4 2022-4.4%+2.4%-9.8%
Q3 2022-4.0%-13.1%-8.7%
Q2 2022+1.7%+17.9%+15.5%
Q1 2022+5.8%-10.5%+4.9%
Q4 2021+8.8%+14.3%+3.1%
Q3 2021-1.1%-12.5%-22.9%
Q2 2021+12.1%+21.0%+53.7%
Q1 2021+13.9%+4.2%+67.4%
Q4 2020-26.2%-18.9%-5.9%
Q3 2020+10.5%
Q2 2020+26.4%
Q1 2020-5.1%
Q4 2019-30.0%
Q3 2019-50.4%
Q2 2019-11.1%
Q1 2019-5.4%
Q4 2018-4.5%
Q4 2016+3.5%
Q1 2017+3.5%
Q2 2017-3.7%
Q4 2017-3.7%
Q3 2017-3.7%
Q3 2018-2.8%
Q2 2018+3.5%
Q1 2018-0.8%
Q2 2016
Q1 2016

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