Alpha Metallurgical reports Q1 EPS ($2.60) vs. $9.59 last year

Reports Q1 revenue $531.96M vs. $864.07M last year. Reports Q1 adjusted EBITDA $5.7M vs. $53.2M last year. “Alpha’s Q1 results reflect the challenging market environment we continue to experience, as well as significant impacts we previously disclosed related to severe weather conditions in January and February,” said Andy Eidson, Alpha’s CEO. “These adverse weather events put pressure on our volumes and resulted in cost increases for the quarter. In light of the poor market conditions and economic uncertainty caused by shifting tariff and trade policies, we continue to prioritize the protection of our liquidity position. As a result, we have lowered our 2025 capex guidance by roughly $27M at the midpoint; we believe this is achievable without any negative impact to safety across the portfolio or the on-track progress of development mining at our new Kingston Wildcat low vol mine.”