NYSE$AMR
Alpha Metallurgical Resources, Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Alpha Metallurgical Resources reported strong third quarter results driven by increased met realizations and strategic debt reduction.
Alpha Metallurgical Resources reported a net income of $83.7 million for Q3 2021, a significant turnaround from the previous quarter's net loss. The company also reduced its long-term debt and legacy obligations by over $75 million. Adjusted EBITDA reached $148.2 million, demonstrating strong financial performance.
- Reported net income from continuing operations of $83.7 million for the third quarter 2021.
- Posted Adjusted EBITDA of $148.2 million for the third quarter 2021.
- Increased Met segment gross margin per ton quarter over quarter.
- Reduced long-term debt and legacy obligations by over $75 million in third quarter.
Headline financials
Revenue & EPS history
Alpha Metallurgical · Revenue · Quarterly
$649M
Revenue by segment
Alpha Metallurgical · $470M total across 2 segments · Q3 2021
- Export Met Coal$380M+28.8%81.0%
- Domestic Met Coal$89.2M—19.0%
Forward guidance
Alpha Metallurgical Resources is issuing 2022 operating guidance with coal shipments expected to be in the range of 15.4 million tons to 17.0 million tons. Met segment volume is expected to be between 14.8 million to 16.2 million tons.
Tailwinds
- Coal shipments expected to be in the range of 15.4 million tons to 17.0 million tons.
- Met segment volume is expected to be between 14.8 million to 16.2 million tons.
- Pure metallurgical coal shipments for the year are expected to be between 14.0 million to 15.0 million tons
- Incidental thermal shipments in this segment are expected to be between 0.8 million to 1.2 million tons.
- The company expects its tax rate for 2022 to be in the 5% to 15% range.
Headwinds
- 2022 Met segment cost of coal sales per ton to be between $88.00 and $92.00
- Costs for our All Other category are expected to be in the range of $58.00 to $62.00 per ton.
- SG&A is expected to be in the range of $50 million to $54 million, excluding non-recurring expenses and non-cash stock compensation.
- Idle operations expense for 2022 is expected to be between $30 million and $40 million.
- The company expects cash interest expense to be in a range of $40 million to $45 million for 2022.
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 Q3 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 | — | — | — |
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