Alpha Metallurgical Resources, Inc. ( (AMR) ) has released its Q4 earnings. Here is a breakdown of the information Alpha Metallurgical Resources, Inc. presented to its investors.
Alpha Metallurgical Resources, Inc., headquartered in Bristol, Tennessee, is a prominent U.S. supplier of metallurgical products primarily serving the steel industry. The company operates mining facilities across Virginia and West Virginia, providing high-quality metallurgical coal to customers worldwide.
In its latest earnings report, Alpha Metallurgical Resources announced a net loss of $2.1 million for the fourth quarter of 2024, contrasting with a net income of $3.8 million in the previous quarter. Despite the challenging market conditions, the company achieved an Adjusted EBITDA of $53.2 million for the quarter.
Key financial highlights include a decrease in coal sales volume and a reduction in the realized pricing for metallurgical coal, which stood at $127.84 per ton. The company also reported a decrease in operating cash flow to $56.3 million, down from $189.5 million in the third quarter. Additionally, Alpha reduced its letters of credit outstanding by $15 million during the quarter.
Looking ahead, Alpha has adjusted its 2025 guidance, reducing the expected shipment volumes of metallurgical coal to a range of 14.5 million to 15.5 million tons. The company also increased its cost of coal sales guidance to between $103.00 and $110.00 per ton. Despite these adjustments, Alpha remains focused on the safe operation of its mines and maintaining financial stability amid ongoing market challenges.