Overview

* Alpha reports Q3 net loss of $5.5 mln, with adjusted EBITDA slightly missing estimates

* Company achieves record quarterly cost performance in coal sales since 2021

* Alpha reduces 2025 guidance for capital contributions to equity affiliates

Outlook

* Alpha lowers 2025 guidance for capital contributions to equity affiliates to $35-41 mln

* Company has priced 85% of 2025 metallurgical coal at $122.57/ton

* Alpha to provide 2026 guidance after domestic negotiations and budget clarity

Result Drivers

* COST PERFORMANCE - Achieved record cost performance in coal sales, reducing costs by nearly $3 per ton compared to last quarter

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.42

Q3 Net -$5.50

Income mln

Q3 Slight $41.70 $41.80

Adjusted Miss* mln mln (3

EBITDA Analysts

)

Q3 Capex -$25.10

mln

Q3 $50.60

Operatin mln

g Cash

Flow

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the iron & steel peer group is "buy"

* Wall Street's median 12-month price target for Alpha Metallurgical Resources Inc ( AMR ) is $183.00, about 4.9% above its November 5 closing price of $173.99

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)