earnings
confidence high
sentiment negative
materiality 0.65
Alpha Metallurgical Resources reports preliminary Q3 met coal rev $669.8M on 4.1M tons shipped
Alpha Metallurgical Resources, Inc.
2024-Q3 EPS reported
$14.43
revenue$2,339,938,000
- Preliminary Q3 2024 met segment coal revenues of $669.8M ($550.7M excl. freight & handling).
- Met coal shipments of 4.1 million tons; CEO cites market softness and reduced spot activity.
- Company expects full-year shipments toward higher end of prior guidance; cost guidance maintained.
- Definitive Q3 results to be announced November 1, 2024.
- CEO notes adverse weather and mining conditions impacted costs but still within guidance range.