NYSE$AMR
Alpha Metallurgical Resources, Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Alpha Metallurgical Resources reports third quarter 2024 financial results, showing a decrease in net income and Adjusted EBITDA compared to the previous quarter and year, primarily due to softness in metallurgical coal markets.
Alpha Metallurgical Resources reported a net income of $3.8 million and Adjusted EBITDA of $49.0 million for the third quarter of 2024, reflecting challenging metallurgical coal market conditions. Despite the market softness, the company increased its total liquidity by 42% quarter-over-quarter and is focusing on cost management and balance sheet strength.
- Net income for the third quarter was $3.8 million, or $0.29 per diluted share.
- Adjusted EBITDA for the quarter was $49.0 million.
- Total liquidity increased by 42%, or $150.3 million, quarter-over-quarter.
- The company announced sales commitments for 3.7 million tons of domestic metallurgical coal for 2025 shipment at an average price of $152.51 per ton.
Headline financials
Revenue & EPS history
Alpha Metallurgical · Revenue · Quarterly
$672M
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
For 2025, Alpha expects to ship between 15.0 million and 16.0 million metallurgical tons and 1.0 million to 1.4 million tons of incidental thermal coal, totaling 16.0 million to 17.4 million tons. The projected cost of coal sales is between $103.00 and $108.00 per ton, with SG&A costs ranging from $53 million to $59 million, and capital expenditures between $152 million and $182 million.
Tailwinds
- Commitment of 3.7 million tons of metallurgical coal to domestic customers for 2025 at an average price of $152.51 per ton.
- Projected 2025 total shipment volumes of 16.0 million to 17.4 million tons.
- Anticipated lower cost of coal sales per ton for 2025 ($103.00-$108.00) compared to Q3 2024.
- Expected net cash interest income of $2 million to $10 million for 2025.
- Projected low tax rate of 0% to 5% for calendar year 2025.
Headwinds
- Softness in metallurgical coal markets and weak global steel demand impacting pricing.
- Increased economic headwinds and geopolitical uncertainties contributing to downward pressure on demand.
- Projected idle operations expense of $18 million to $28 million for 2025.
- Anticipated capital expenditures of $152 million to $182 million for 2025, including development capital for the Kingston Wildcat mine.
- SG&A costs are expected to be $53 million to $59 million in 2025.
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 2024
-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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