Financial PerformanceAlpha Metallurgical Resources reported 3Q adjusted EBITDA of $42M, beating the $38M consensus on lower expenses, with a significant improvement in cost/ton performance.
Future Growth PotentialAlpha's Kingston Wildcat low-vol mine is in development production and expected to hit a full annual run-rate of ~1M tons by 2026, highlighting future growth potential.
Share RepurchaseThe company resumed its share repurchase program, buying back 135k shares for $20M during 3Q, indicating confidence in its financial position.