Alpha Metallurgical Posts Q2 Loss, Slashes Shipment Outlook on Weak Coal Market
AMR sits 27% above its 52-week low of $112.995.
Summary
Alpha Metallurgical Resources reported a preliminary Q2 net loss of $12.3 million, or $0.96 per share, with Adjusted EBITDA of $25.6 million on 3.5 million tons of met coal sold. The company cut its full-year shipment guidance and raised cost expectations, citing weaker met coal markets and the lingering impact of the damaged stacker reclaimer at Dominion Terminal Associates. This follows the June 18 disclosure of the equipment failure, which is now directly hitting volumes and costs. With $447.8 million in liquidity and an active buyback program, the balance sheet provides some cushion, but the operational headwinds are intensifying. Definitive Q2 results and more details on DTA plans are due August 7.
At the time of this announcement, AMR was trading at $142.94 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $113.00 to $253.82. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.