Alpha Metallurgical Resources(NYSE) AMR

Alpha Metallurgical Resources mines coal used to make steel for builders and manufacturers. The company helps steelmakers around the world create the metal needed for cars and bridges. It operates many mines across Virginia and West Virginia to supply these materials.

Fueling the Global Steel Industry

• Metallurgical Coal: High-quality coal used to make coke for steel manufacturing; accounted for 97% of coal revenues in Q1 2026.
• Thermal Coal: Lower-heat coal produced as a by-product and used by power plants to generate electricity; accounted for 3% of coal revenues in Q1 2026.
• Export Services: Shipping and logistics through port facilities to reach international customers; represented 77% of coal revenues in Q1 2026.

Building a Stronger Foundation

• Amended and extended a $225 million revolving credit facility in May 2025 to support long-term operations.
• Qualified for the Section 45X tax credit in 2026, which provides a 2.5% refund on production costs for metallurgical coal.
• Committed to investing an average of $21 million per year over five years for upgrades at the Dominion Terminal Associates facility.
• Entered a three-year agreement in April 2024 to use a third-party terminal in Newport News for loading coal.

Reaching Every Corner of the Globe

Alpha Metallurgical Resources uses its ownership in the Dominion Terminal Associates port to ship products to markets in Asia, Europe, and South America. The company manages 19 active mines and 8 processing facilities to provide a steady supply of various coal grades.

Tracking the First Quarter Results

• Total revenue reached $525 million in Q1 2026, down 1.3% from $532 million in Q1 2025.
• Net loss narrowed to $11 million in Q1 2026, a 67.5% improvement from the $34 million loss in Q1 2025.
• Operating cash flow reached $29 million in Q1 2026, up 30.9% from $22 million in Q1 2025.
• Free cash flow improved to a loss of $11.6 million in Q1 2026, compared to a $16.3 million loss in Q1 2025.

A Firm Focus on Steel

Alpha Metallurgical Resources has shifted its operations to focus on the global steel market while reducing costs through tax credits and facility upgrades. Its transition from Contura Energy reflects a strategy dedicated to metallurgical coal production and international exports.