NYSE$AMR
Alpha Metallurgical Resources, Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Alpha Metallurgical Resources reported second quarter 2024 net income of $58.9 million, generated Adjusted EBITDA of $116.0 million, and increased total liquidity by nearly 25% quarter-over-quarter.
Alpha Metallurgical Resources reported a net income of $58.9 million and Adjusted EBITDA of $116.0 million for the second quarter of 2024. Despite weakening steel demand and geopolitical uncertainty impacting metallurgical coal markets, the company performed well, achieving ambitious shipping milestones, strong production, and safe operations, leading to a nearly 25% increase in total liquidity.
- Net income for the second quarter was $58.9 million, or $4.49 per diluted share.
- Adjusted EBITDA reached $116.0 million for the quarter.
- Total liquidity increased by $68.6 million, representing a nearly 25% quarter-over-quarter rise.
- The company successfully navigated challenging market conditions, hitting shipping milestones and maintaining safe operations.
Headline financials
Revenue & EPS history
Alpha Metallurgical · Revenue · Quarterly
$804M
Revenue by segment
Alpha Metallurgical · $493M total across 2 segments · Q2 2023
- Export Met Coal$271M-35.0%54.9%
- Domestic Met Coal$222M+39.2%45.1%
Forward guidance
As of July 24, 2024, Alpha Metallurgical Resources has committed and priced approximately 71% of its metallurgical coal for 2024 at an average price of $157.97 per ton and 100% of thermal coal at an average expected price of $75.96 per ton, based on the midpoint of guidance.
Tailwinds
- 71% of metallurgical coal committed and priced for 2024 at an average price of $157.97 per ton.
- 100% of thermal coal committed and priced for 2024 at an average expected price of $75.96 per ton.
- Projected low SG&A expenses between $60 million and $66 million for 2024.
- Anticipated low idle operations expense between $25 million and $33 million for 2024.
- Expected net cash interest income between $2 million and $8 million for 2024.
Headwinds
- Weakening steel demand continues to negatively impact metallurgical coal markets.
- Significant geopolitical uncertainty contributes to market challenges.
- Market challenges faced in Q2 have intensified into Q3.
- Projected higher end of cost per ton for Met Segment at $116.00.
- Anticipated higher capital expenditures between $210 million and $240 million for 2024.
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 Q2 2024
-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
| Quarter | Report date | Reaction (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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