Q2 2026 Alpha Metallurgical Resources Inc Earnings Call Transcript

Aug 7, 2026 / 02:00 PM GMT

Release Date Price: $151.95 (-0.11%)

Transcript 10-Q8-K

Key Points

Positve

Alpha Metallurgical Resources Inc (AMR) successfully reduced its Met segment cost of coal sales to $103.07 per ton in Q2, down from $107.98 per ton in Q1.
The company maintains a strong liquidity position with $447.8 million in total liquidity, including $307.6 million in unrestricted cash and no borrowings on its ABL facility.
Alpha Metallurgical Resources Inc (AMR) has a high level of commercial commitment, with 70% of its 2026 metallurgical tonnage priced at an average of $128.17 per ton and the thermal byproduct portion fully committed and priced.
The company is strategically shifting its sales mix toward higher-margin low-volatile coal with the new Wildcat mine ramping up production in Q3 and Q4.
Alpha Metallurgical Resources Inc (AMR) is actively managing its portfolio by prioritizing margin over cost, adjusting schedules, and leveraging improved thermal market realizations for some high-BTU coal.
The DTA team has been effective in mitigating the impact of the damaged stacker reclaimer by establishing alternate workflows and filing an insurance claim for the storm damage.

Negative

Alpha Metallurgical Resources Inc (AMR) experienced a decline in adjusted EBITDA to $25.6 million in Q2, down from $30 million in Q1, due to lower shipments and higher costs.
The company increased its cost of coal sales guidance midpoint by $7 per ton to $103-$107, driven by higher diesel prices from the Iran war and increased costs for other mining supplies.
Shipment volume guidance was reduced by 1 million tons at the midpoint to 14.2-15.4 million tons due to continued market weakness and reduced operational capacity at DTA.
The DTA stacker reclaimer damage from a June storm has created significant uncertainty, with no definitive timeline for full operational capacity restoration and reduced efficiency impacting throughput.
Met coal markets remain weak with sluggish global steel demand, and the Australian PLV index has dropped 12% since quarter close, while US East Coast indices remain stagnant.
Domestic customers declined to exercise optionality in contracts, reducing committed domestic tonnage from $4.1 million to $3.8 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMR.N - Alpha Metallurgical Resources, Inc.
Q2 2026 Alpha Metallurgical Resources Inc Earnings Call
Aug 07, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Alpha Metallurgical Resources second quarter 2026 conference call.

This time all participants are in a listen-only mode and answer session will follow the formal presentation.

Please note this conference is being recorded. I will now turn the conference over to your host, Emily O'Quinn, Senior Vice President, Investor Relations and Communications. You may now begin.

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Unidentified_2 [2]
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Thank you, Rob, and good morning, everyone.

Before we get started, let me remind you

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