Alpha Metallurgical Q3 net income $93.8M ($6.65 EPS); dividend to end after $0.50

Alpha Metallurgical Resources, Inc.

2023-Q3 EPS reported $36.46 revenue$2,511,426,000

Net income of $93.8M ($6.65 diluted EPS) vs $252.8M ($14.27) in Q3 2022; Adjusted EBITDA $153.9M.
Returned ~$940M via buybacks since inception; board authorized $300M increase to $1.5B total.
Declared $0.50/share quarterly dividend, after which the dividend program will cease.
Completed closure of last thermal mine (Slabcamp), becoming pure-play metallurgical coal producer.
Issued 2024 operational guidance and completed refinancing of ABL facility.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alpha Metallurgical Resources, Inc. reported third quarter ending September 30, 2023 results: net income $93.8 million, EPS $6.65 per diluted share. Guidance initiated.

Period: third quarter ending September 30, 2023
Net income: $93.8 million
EPS: $6.65 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Alpha Announces Financial Results for Third Quarter 2023 • Posts third quarter net income of $93.8 million, or $6.65 per diluted share

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Source: SEC EDGAR

accession 0001704715-23-000065

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