NYSE$AMR
Alpha Metallurgical Resources, Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Alpha Metallurgical's financial performance reflected a challenging year with a net loss, but showed resilience through cost management and strategic investments.
Alpha Metallurgical Resources reported a net loss of $18.6 million for Q2 2021, but demonstrated improved performance with an Adjusted EBITDA of $39.9 million. The company focused on cost management and benefited from strategic investments, leading to increased production guidance for 2021.
- Reported a net loss from continuing operations of $18.6 million for Q2 2021.
- Achieved an Adjusted EBITDA of $39.9 million for Q2 2021.
- Continued strong cost management across the enterprise.
- Increased 2021 production guidance and adjusted SG&A and CapEx guidance.
Headline financials
Revenue & EPS history
Alpha Metallurgical · Revenue · Quarterly
$395M
Revenue by segment
Alpha Metallurgical · $229M total across 2 segments · Q2 2021
- Export Met Coal$126M—54.8%
- Domestic Met Coal$104M—45.2%
Forward guidance
Alpha Metallurgical Resources anticipates coal shipments to be between 15.6 million and 17.5 million tons. The Met segment volume is expected to be between 14.3 million and 15.8 million tons. SG&A guidance is updated to a range of $48 million to $52 million, and capital expenditures are expected to be between $88 million and $98 million.
Tailwinds
- Coal shipments are now expected to be in the range of 15.6 million tons to 17.5 million tons, up from the prior range of 14.8 million to 16.2 million tons.
- Met segment volume is expected to be between 14.3 million to 15.8 million tons, up from the prior range of 13.5 million to 14.5 million tons.
- Pure metallurgical coal shipments for the year are expected to be between 13.0 million to 14.0 million tons, up from the prior range of 12.5 million to 13.0 million tons.
- Incidental thermal shipments in this segment are expected to be between 1.3 million to 1.8 million tons, up from the prior range of 1.0 million to 1.5 million tons.
- The company is updating its SG&A guidance from the prior range of $44 million to $49 million to a new range of $48 million to $52 million.
Headwinds
- The company's 2021 Met segment cost of coal sales per ton remains unchanged and is expected to be between $68.00 and $74.00.
- Our All Other category is expected to be in the range of $45.00 to $49.00 per ton.
- SG&A guidance is updated from the prior range of $44 million to $49 million to a new range of $48 million to $52 million, excluding non-recurring expenses and non-cash stock compensation, reflecting a market-driven increase in accrued incentive compensation.
- Our overall 2021 capital expenditures guidance is also being updated from the prior range of $75 million to $95 million to a new range of $88 million to $98 million because of the Road Fork 52 expansion.
- Depreciation, depletion and amortization guidance is expected to be between $125 million and $145 million for the year.
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 Q2 2021
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro