earnings
confidence high
sentiment negative
materiality 0.75
Alpha Q3 met coal shipments 4.1M tons, revises FY2023 guidance down on operational issues
Alpha Metallurgical Resources, Inc.
2023-Q3 EPS reported
$36.46
revenue$2,511,426,000
- Met segment Q3 revenues $731.5M (excl. freight $636.7M) on 4.1M tons sold.
- Mechanical issues at DTA loading facility and weather delays hurt shipments; CEO cites capital needs at DTA.
- Lower-priced tons from new mine development sold in pricing trough reduced average realizations.
- Full-year 2023 shipment and cost guidance tightened/lowered; further details on November 2 earnings call.