NYSE$AMR
Alpha Metallurgical Resources, Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Alpha Metallurgical Resources reported solid results for Q1 2023, with a net income of $270.8 million and Adjusted EBITDA of $354.4 million. The company continued its share repurchase program, returning approximately $200 million to shareholders year-to-date.
Alpha Metallurgical Resources reported a net income of $270.8 million, or $17.01 per diluted share, for the first quarter of 2023. The company's Adjusted EBITDA for the quarter was $354.4 million. Alpha continued to execute its share repurchase program, returning approximately $200 million to shareholders year-to-date.
- Reported first quarter net income of $270.8 million, or $17.01 per diluted share.
- Posted Adjusted EBITDA of $354.4 million for the quarter.
- Continued executing on robust buyback program by returning approximately $200 million to shareholders year-to-date as of May 4, 2023.
- Increased quarterly dividend to $0.50 from $0.44 per share.
Headline financials
Revenue & EPS history
Alpha Metallurgical · Revenue · Quarterly
$911M
Revenue by segment
Alpha Metallurgical · $752M total across 2 segments · Q1 2023
- Export Met Coal$545M+51.8%72.5%
- Domestic Met Coal$206M+31.8%27.5%
Forward guidance
Alpha is reducing tax rate guidance for the full year 2023. The new tax rate guidance range for the year is 12% to 17%, down from the prior range of 15% to 20%.
Tailwinds
- Approximately 51% of metallurgical coal within the Met segment is committed and priced.
- Average price of committed metallurgical coal is $203.86 per ton.
- 75% of thermal coal in the Met segment is committed and priced.
- Average expected price of committed thermal coal is $108.77 per ton.
- 100% committed and priced at an average price of $88.74 per ton in the All Other category.
Headwinds
- Actual average per-ton realizations on committed and priced tons recognized in future periods may vary based on actual freight expense in future periods relative to assumed freight expense embedded in projected average per-ton realizations.
- Actual coal shipments may vary from estimates based upon contract terms and anticipated delivery schedules.
- The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP cost of coal sales per ton sold financial measures to the most directly comparable GAAP measures without unreasonable efforts.
- Management is unable to predict without unreasonable efforts freight and handling costs due to uncertainty as to the end market and FOB point for uncommitted sales volumes and the final shipping point for export shipments.
- Material changes to these items could have a significant effect on the company's future GAAP results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-2.0%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+7.2%
Avg return
30 days after
38%
14 / 37 earnings
Positive
+26.4%
Q2 2020
Best reaction
-50.4%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.8% | -7.2% | +4.1% | |
| 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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