Alpha Metallurgical lowers FY25 CapEx view to $130M-$150M from $152M-$182M

Alpha is reducing 2025 shipment guidance for metallurgical tons to a range of 13.8M-14.8M tons, down from the prior range of 14.5M-15.5M tons. The company expects to ship between 800,000-1.2M tons of thermal coal for the year, down from the prior range of 1.0M-1.4M tons. Alpha now expects total sales volumes of between 14.6M-16.0M tons for 2025. As of May 1 Alpha has committed and priced approximately 50% of its metallurgical coal for 2025 at an average price of $133.04 per ton and 100% of its thermal coal for the year at an average price of $80.75 per ton.