Alpha Metallurgical Resources, Inc.

Alpha Metallurgical Resources, Inc. is a Tennessee-based mining company with operations in Virginia and West Virginia. The company reliably supplies metallurgical coal products to the steel industry, serving customers globally. It operates highly productive, cost-competitive coal mines across the CAPP coal basin. Its mining portfolio includes 14 active underground mines, five active surface mines, and eight active coal preparation plants, along with one temporarily idled underground mine, one temporarily idled surface mine, and one temporarily idled coal preparation plant. The company holds a 65.0% interest in Dominion Terminal Associates (DTA), a coal export terminal in Newport News, Virginia, which facilitates coal blending, storage, and transportation. Alpha Metallurgical Resources predominantly produces metallurgical (met) coal for domestic and international steel and coke producers. While its primary focus is met coal, it also produces thermal coal as a byproduct, which is sold to large utilities and industrial customers in the United States and worldwide. As of December 31, 2025, the company had a substantial reserve base of 294.5 million tons of proven and probable reserves, consisting of 282.8 million tons of proven and probable metallurgical reserves and 11.7 million tons of proven and probable thermal reserves.