Alpha Metallurgical reports Q2 EPS $4.49 vs. $12.16 last year

Reports Q2 revenue $803.97M vs. $858.37M last year. “As we discussed in our first quarter reporting disclosures, weakening steel demand has negatively impacted metallurgical coal markets,” said CEO Andy Eidson. “Waning demand, coupled with significant geopolitical uncertainty across the world, brought about the expected market challenges we faced in Q2 that have intensified in Q3. Despite these external circumstances, the Alpha team performed well within the areas we can control, hitting ambitious shipping milestones, producing well, and most of all, operating safely throughout the quarter.”