earnings
confidence high
sentiment positive
materiality 0.90
Alpha Metallurgical Q3 net income $251.8M ($14.21 EPS); declares $5 special dividend, boosts buyback to $1B
Alpha Metallurgical Resources, Inc.
2022-Q3 EPS reported
$65.31
revenue$3,278,144,000
- Net income from continuing ops $251.8M vs $575.4M in Q2 2022; Adjusted EBITDA $294.9M.
- Operating cash flow $497.0M for Q3; 4.1 million tons of coal sold.
- Board authorized a one-time special dividend of $5.00 per share.
- Quarterly dividend raised to 41.8 cents per share; cumulative buybacks $452M as of Oct 31.
- Share buyback authorization increased from $600M to $1 billion; 2023 domestic sales commitments 4.5M tons at $192.27/ton.