NYSE$AMR

Alpha Metallurgical Resources, Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Alpha Metallurgical Resources reported a net loss from continuing operations of $55.1 million for the fourth quarter 2020 and Adjusted EBITDA of $7.4 million.

Alpha Metallurgical Resources reported a net loss of $55.1 million, or $3.00 per diluted share, for Q4 2020. Total Adjusted EBITDA was $7.4 million. The company divested Cumberland Mine and rebranded to Alpha Metallurgical Resources, Inc.

  • Reported net loss from continuing operations of $55 million for the fourth quarter 2020
  • Posted Adjusted EBITDA of $7 million for the fourth quarter 2020
  • Continued strong cost management across all operating segments
  • Closed transaction divesting Cumberland Mine, furthering strategic repositioning towards a pure metallurgical coal producer

Headline financials

Total Revenue

$324M

Previous: $499M-35.1%
EPS (adj)

-$3.00

Previous: -$0.39-669.2%
Met Sales Realization per Ton

$75.24

Previous: $94.98-20.8%
Met Cost per Ton

$69.25

Previous: $82.26-15.8%
Met Tons Sold

3.2M

Previous: 3.3M-2.7%
Net Income

-$55.1M

Previous: -$192M+71.3%
Operating Income

-$35M

Previous: -$216M+83.8%
Gross Profit

$21.3M

Previous: $5.98M+256.6%
Cash & Equivalents

$139M

Previous: $213M-34.6%
Total Assets

$1.68B

Previous: $2.3B-27.0%
Stock-Based Comp

$696K

Previous: $4.89M-85.8%

Revenue & EPS history

Alpha Metallurgical · Revenue · Quarterly

$324M

Q4 2020-35.1%vs Q4 2019
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Alpha Metallurgical · $493M total across 2 segments · Q2 2023

  • Export Met Coal
    $271M-35.0%
  • Domestic Met Coal
    $222M+39.2%

Forward guidance

Alpha Metallurgical Resources reiterated its previously issued 2021 operating guidance with coal shipments guidance range of 14.8 million tons to 16.2 million tons.

Tailwinds

  • Coal shipments guidance range of 14.8 million tons to 16.2 million tons
  • Met segment volume expected to be between 13.5 million to 14.5 million tons
  • Pure metallurgical coal shipments of 12.5 million to 13.0 million tons
  • Incidental thermal shipments in this segment of 1.0 million to 1.5 million tons
  • All Other segment volume is anticipated to be between 1.3 million tons to 1.7 million tons

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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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