Alpha Metallurgical Q2 adjusted EBITDA misses estimates on lower shipments
AMR•Buyback and 2026 shipment outlook
The previously announced share buyback program continued, with $1.2 billion spent to date.
Alpha expects 2026 metallurgical coal shipment guidance of 13.2 million to 14.0 million tons. It said about 70% of 2026 metallurgical coal is committed and priced at $128.17 a ton.
Quarterly metrics and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $492.86 million | $574.28 million (5 Analysts) |
| Q2 Loss Per Share | $0.96 | ||
| Q2 Net Loss | $12.30 million | ||
| Q2 Adjusted EBITDA | Miss | $25.60 million | $48.75 million (5 Analysts) |
| Q2 Capex | -$45.10 million | ||
| Q2 Operating Cash Flow | $39.90 million |
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is "buy."
Wall Street's median 12-month price target for Alpha Metallurgical Resources, Inc. is $167.50, about 10.1% above its August 6 closing price of $152.12. The stock recently traded at 15 times the next 12-month earnings versus a P/E of 18 three months ago.
Terminal disruption affected shipments
Alpha said storm damage at Dominion Terminal Associates led to reduced efficiency and affected shipments.
