Alpha Metallurgical Resources, Inc. (AMR)
NYSE:AMR
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Alpha Metallurgical Resources
(NYSE:AMR)
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Rating:53Neutral
Price Target:
$196.00
▲(2.24% Upside)
Action:Reiterated
Date:06/19/26
Overall score reflects strong balance-sheet resilience but weak current-cycle profitability and compressed margins. Technical indicators are mixed and valuation is constrained by losses (negative P/E). Earnings commentary points to operational improvement and solid contracting, but near-term risks remain from cost inflation, liquidity drawdown, and a weather-related terminal disruption.
Positive Factors
Balance sheet strength
Very low leverage and sizable equity provide durable financial flexibility, limiting refinancing risk and enabling the company to fund capex, sustain operations through cyclical downturns, and pursue strategic opportunities without immediate liquidity stress. This underpins resilience across 2–6 months and beyond.
Negative Factors
Weak profitability
Sustained revenue decline and compressed gross margins have pushed the company into net losses, reducing return on invested capital and limiting internal funding for growth. Continued weak margins constrain reinvestment and make performance sensitive to price and volume swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and sizable equity provide durable financial flexibility, limiting refinancing risk and enabling the company to fund capex, sustain operations through cyclical downturns, and pursue strategic opportunities without immediate liquidity stress. This underpins resilience across 2–6 months and beyond.
Read all positive factors
Alpha Metallurgical Resources (AMR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.36B
Dividend YieldN/A
Average Volume (3M)268.97K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth-19.15%
EPS Growth-246.35%
CountryUS
Employees3,960
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-3.01
Shares Outstanding12,714,624
10 Day Avg. Volume230,440
30 Day Avg. Volume268,967
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.68
Price to Sales (P/S)1.22
P/FCF Ratio146.16
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue1.01
Enterprise Value/Gross Profit59.32
Enterprise Value/Ebitda15.79
Forecast
1Y Price Target
$194.00Price Target Upside1.20% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)4.95
Revenue Forecast (FY)$2.34B
Alpha Metallurgical Resources Business Overview & Revenue Model
Company Description
Alpha Metallurgical Resources, Inc. (AMR) is a mining enterprise focused on the extraction, refinement, and sale of both metallurgical and thermal coal, with primary operations located across Virginia and West Virginia. As of the close of 2021, sp...
How the Company Makes Money
AMR makes money primarily by extracting, processing, and selling coal, with its revenue largely driven by metallurgical coal used in steel production. The core revenue stream is sales of met coal products (including higher-quality coking coal) to ...
Alpha Metallurgical Resources Earnings Call Summary
Earnings Call Date:May 08, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Neutral
The quarter showed meaningful operational and pricing improvements—higher metallurgical realizations, stronger adjusted EBITDA and materially higher operating cash flow—supported by a solid contracted book and CapEx-driven growth (Wildcat ramp). However, these positives were balanced by lower volumes, higher cost of coal sales, rising SG&A, reduced liquidity, and notable market dislocations (index divergences, oversupplied high-vol market and diesel/freight inflation). Management retains cautious guidance flexibility given geopolitical risks and inflationary pressures.Positive Updates
Adjusted EBITDA Increase
Adjusted EBITDA for Q1 was $30.0 million, up from $28.5 million in the prior year quarter, an increase of approximately $1.5 million (≈5.3%).
Negative Updates
Tonnage Decline
Coal sold in Q1 was 3.6 million tons, down from 3.8 million tons in Q4 (down ≈5.3%), driven by lower productive volumes.
Read all updates
Q1-2026 Updates
Positive
Negative
Adjusted EBITDA Increase
Adjusted EBITDA for Q1 was $30.0 million, up from $28.5 million in the prior year quarter, an increase of approximately $1.5 million (≈5.3%).
Read all positive updates
Company Guidance
Management reiterated 2026 cost guidance of $95–$101 per ton and said that, with expected improved operational performance in volumes and cost of coal sales for the balance of 2026, they still believe it is possible to finish the year at the top end of that range, though they may adjust guidance upward if the Iran conflict and related inflation persist. At the midpoint of guidance, 48% of metallurgical tonnage is committed and priced at an average $132.03/ton, another 43% is committed but unpriced, and the thermal-byproduct portion is fully committed and priced at $74.53/ton; Wildcat development is expected to conclude in Q2 with a production ramp in Q3–Q4. Management noted Q1 metrics (met cost of coal sales $107.98/ton; met realizations $124.39/ton; weighted metallurgical realization $128.40/ton; Q1 sales 3.6M tons; adjusted EBITDA $30M), said diesel use of ~22–23M gallons could add a couple dollars per ton to costs, reported Q1 CapEx of $40.7M, and total liquidity of $476.2M with $184.3M unused ABL availability (no ABL borrowings, $40.7M letters of credit outstanding).Alpha Metallurgical Resources Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
84
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.12B | 2.13B | 2.96B | 3.47B | 4.10B | 2.26B |
| Gross Profit | 36.30M | 2.71M | 331.65M | 969.89M | 1.69B | 457.61M |
| EBITDA | 136.37M | 117.64M | 388.59M | 1.02B | 1.70B | 485.14M |
| Net Income | -38.77M | -61.69M | 187.58M | 721.96M | 1.45B | 288.79M |
Balance Sheet | ||||||
| Total Assets | 2.28B | 2.28B | 2.44B | 2.41B | 2.31B | 1.86B |
| Cash, Cash Equivalents and Short-Term Investments | 366.88M | 415.56M | 481.58M | 268.21M | 347.96M | 81.21M |
| Total Debt | 12.21M | 23.40M | 5.78M | 10.37M | 10.97M | 448.55M |
| Total Liabilities | 765.48M | 735.13M | 789.21M | 832.13M | 882.72M | 1.31B |
| Stockholders Equity | 1.52B | 1.55B | 1.65B | 1.57B | 1.43B | 546.91M |
Cash Flow | ||||||
| Free Cash Flow | 22.42M | 17.77M | 381.07M | 605.79M | 1.32B | 91.64M |
| Operating Cash Flow | 151.79M | 144.93M | 579.92M | 851.16M | 1.48B | 174.94M |
| Investing Cash Flow | -209.79M | -203.97M | -230.99M | -166.00M | -329.36M | -89.86M |
| Financing Cash Flow | -69.72M | -52.23M | -128.90M | -656.43M | -981.87M | -147.04M |
Alpha Metallurgical Resources Technical Analysis
Negative
191.70
Price Trends
192.64
Negative
193.26
Negative
185.76
Positive
Market Momentum
-0.56
Positive
44.80
Neutral
13.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMR, the sentiment is Negative. The current price of 191.7 is below the 20-day moving average (MA) of 197.74, below the 50-day MA of 192.64, and above the 200-day MA of 185.76, indicating a neutral trend. The MACD of -0.56 indicates Positive momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 13.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMR.
Alpha Metallurgical Resources Risk Analysis
Alpha Metallurgical Resources disclosed 50 risk factors in its most recent earnings report. Alpha Metallurgical Resources reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alpha Metallurgical Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.34B | 11.73 | 18.84% | 4.05% | -15.69% | -18.53% | |
69 Neutral | $3.03B | 12.28 | 13.66% | 11.05% | -7.15% | -11.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $4.78B | 34.73 | 6.44% | 0.36% | 11.32% | 29.65% | |
53 Neutral | $2.36B | -61.33 | -2.47% | ― | -19.15% | -246.35% | |
53 Neutral | $3.02B | -25.28 | -3.37% | 0.96% | -6.75% | -133.56% | |
48 Neutral | $863.76M | -12.43 | -13.44% | 2.83% | -16.66% | -195120.00% |
* Basic Materials Sector Average
AMR
Alpha Metallurgical Resources
185.77
78.76
73.60%
ARLP
Alliance Resource
23.52
-0.09
-0.40%
NRP
Natural Resource PRN
100.79
7.63
8.19%
METC
Ramaco Resources
13.99
3.02
27.53%
HCC
Warrior Met Coal
90.58
47.58
110.65%
BTU
Peabody Energy Comm
24.80
11.50
86.44%
Alpha Metallurgical Resources Corporate Events
Business Operations and Strategy
Alpha Metallurgical faces disruption after storm damages equipment
Negative
Jun 18, 2026
Alpha Metallurgical Resources reported that a key stacker reclaimer at Dominion Terminal Associates in Newport News, Va., where it holds a 65% majority stake, was severely damaged by wind gusts exceeding 80 miles per hour during a storm on Sunday ...
Business Operations and StrategyFinancial Disclosures
Alpha Metallurgical Resources Highlights 2025 Operational Performance
Neutral
May 8, 2026
Alpha Metallurgical Resources highlighted its position as the leading U.S. producer of metallurgical coal, reporting 15.3 million tons sold and adjusted EBITDA of $122 million in 2025, supported by a 3,950-strong workforce and a geographically con...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresShareholder Meetings
Alpha Metallurgical Shareholders Reelect Board, Approve Compensation
Neutral
May 8, 2026
At its May 6, 2026 annual meeting, Alpha Metallurgical Resources shareholders re-elected six directors, gave advisory approval to the company’s executive compensation and overwhelmingly ratified RSM LLP as independent auditor, with 83.45% of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.