Alpha Metallurgical Q2 net income $181.4M ($12.16 EPS); lowers thermal coal guidance, ends fixed dividend

Alpha Metallurgical Resources, Inc.

2023-Q2 EPS reported $29.34 revenue$1,769,606,000

Net income $181.4M ($12.16 diluted EPS) vs $574.2M ($29.97) in Q2 2022; Adj. EBITDA $258.5M.
Coal sales 4.3M tons; operating cash flow $317.2M; capex $54.9M.
Share buyback returned >$850M since inception; $350M authorization remains.
Declares $0.50/share quarterly dividend; board to end fixed dividend program at year end, focusing on buybacks.
Full-year thermal coal (Met segment) guidance reduced to 1.0-1.4M tons.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alpha Metallurgical Resources, Inc. reported second quarter ending June 30, 2023 results: net income $181.4 million, EPS $12.16 per diluted share. Guidance lowered.

Period: second quarter ending June 30, 2023
Net income: $181.4 million
EPS: $12.16 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the second quarter ending June 30, 2023.

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Alpha Metallurgical Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001704715-23-000048

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