Alpha Metallurgical Q1 net income $270.8M ($17.01/diluted); increases dividend to $0.50

Alpha Metallurgical Resources, Inc.

2023-Q1 EPS reported $17.01 revenue$911,235,000

Net income $270.8M ($17.01/diluted); Adjusted EBITDA $354.4M.
Sold 3.9M tons of coal in Q1 2023 vs 4.0M in Q1 2022.
Increased quarterly dividend to $0.50 from $0.44 per share.
Year-to-date returned ~$200M via buybacks; ~$485M remaining board authorization.
Shareholders rejected proposal to replace supermajority vote requirements with majority vote.

item 2.02 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alpha Metallurgical Resources, Inc. reported first quarter ending March 31, 2023 results: net income $270.8 million, EPS $17.01 per diluted share.

Period: first quarter ending March 31, 2023
Net income: $270.8 million
EPS: $17.01 per diluted share
Result: reported results

Exact text from the filing

Alpha Metallurgical Resources, Inc. (the “Company”) issued a press release announcing earnings and other financial results for its fiscal quarter ended March 31, 2023.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Alpha Metallurgical Resources, Inc. shareholders approved Advisory approval of executive compensation. at the 2023-05-03 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-03

Exact text from the filing

Proposal 4 : Advisory approval of the Company’s executive compensation. The proposal, approval of which required the affirmative vote of a majority of votes cast, was approved. For: 8,945,852 Against: 394,328 Abstain: 5,167 Broker Non-Votes: 2,497,479

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Alpha Metallurgical Resources, Inc. shareholders rejected Approval of amendment and restatement of certificate of incorporation to replace stockholder supermajority approval requirements with majority approval requirements. at the 2023-05-03 meeting.

Proposal: charter amendment
Outcome: failed
Meeting: 2023-05-03

Exact text from the filing

Proposal 2 : Approval of an amendment and restatement of our second amended and restated certificate of incorporation to replace stockholder supermajority approval requirements with majority approval requirements. The proposal, approval of which required the affirmative vote of two-thirds of outstanding shares, was not approved. For: 9,109,470 Against: 233,898 Abstain: 1,979 Broker Non-Votes: 2,497,479

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Alpha Metallurgical Resources, Inc. shareholders approved Ratification of RSM US LLP as independent registered public accounting firm for fiscal year ending December 31, 2023. at the 2023-05-03 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-03

Exact text from the filing

Proposal 3 : The ratification of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The proposal, approval of which required the affirmative vote of a majority of votes cast, was approved. For: 11,839,701 Against: 1,576 Abstain: 1,549 Broker Non-Votes: —

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Alpha Metallurgical Resources, Inc. shareholders approved Election of nine directors for a term of one year. at the 2023-05-03 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-03

Exact text from the filing

Proposal 1 : The election of nine (9) directors nominated by our board of directors for a term of one year. Each of the nominees was elected. Nominee For Withheld Broker Non-Votes Joanna Baker de Neufville 9,319,907 25,440 2,497,479 Kenneth S. Courtis 7,067,913 2,277,434 2,497,479 C. Andrew Eidson 9,325,240 20,107 2,497,479 Albert E. Ferrara, Jr. 9,204,657 140,690 2,497,479 Elizabeth A. Fessenden 9,234,102 111,245 2,497,479 Michael Gorzynski 9,297,815 47,532 2,497,479 Michael J. Quillen 6,985,463 2,359,884 2,497,479 Daniel D. Smith 9,246,232 99,115 2,497,479 David J. Stetson 9,241,304 104,043 2,497,479

View on SEC.gov

Browse all earnings releases →

Alpha Metallurgical Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001704715-23-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.