Alpha Metallurgical Resources Reports Q3 2026 Preliminary Results
News related to:Alpha Metallurgical Resources, Inc · 2 min read
BRISTOL, Tenn., Oct. 23, 2026 /CourierPR/ -- Alpha Metallurgical Resources, Inc., a leading U.S. supplier of metallurgical products for the steel industry, reported preliminary financial results for the third quarter ending September 30, 2026. The company expects to post a net loss of $9.3 million, or $0.73 per diluted share, for the quarter, according to a press release issued by the firm.
Despite the anticipated loss, the company's Adjusted EBITDA for the third quarter is expected to reach $29.4 million. Realized pricing for the Met segment coal sold in the quarter was $121.09 per ton. The company provided a breakdown of its Met segment coal sales by pricing mechanism, though the details were not specified in the press release.
As of September 30, 2026, Alpha Metallurgical Resources had a total liquidity of $443.4 million, including cash and cash equivalents of $334.1 million and $184.3 million of unused availability under the asset-based revolving credit facility (ABL). The company had no borrowings and $40.7 million in letters of credit outstanding under the ABL, with a minimum required liquidity of $75.0 million as stipulated by the ABL.
The company's share repurchase program, which allows for the expenditure of up to $1.5 billion, has seen the company acquire approximately 7.1 million shares of common stock at a cost of approximately $1.2 billion since the program's inception. During the third quarter of 2026, the company spent approximately $3.0 million for the repurchase of roughly 18,000 shares. As of September 30, 2026, the number of common stock shares outstanding was 12,667,855, not including the potential effect of unvested equity awards.
Alpha Metallurgical Resources plans to announce its definitive third quarter 2026 financial results before the market opens on Friday, November 6, 2026. The company also expects to hold a conference call regarding its third quarter 2026 results on the same day at 10:00 a.m. Eastern time. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to the start time.