Alpha Metallurgical Resources, Inc. (AMR) Earnings
Alpha Metallurgical Resources, Inc. is expected to report next earnings on August 10, 2026 (in NaN days), with a consensus EPS estimate of $1.57. AMR has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise -1.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | $-0.86 | $-0.86 | +0.0% | $525M | -1.9% |
| Nov 6, 2025 | $-0.35 | $-0.42 | -20.0% | $527M | -2.2% |
| Aug 8, 2025 | $-2.38 | $-0.38 | +84.0% | $550M | -3.8% |
| May 9, 2025 | $-1.53 | $-2.60 | -69.9% | $532M | -14.4% |
| Feb 28, 2025 | $1.12 | $-0.16 | -114.3% | $617M | -6.2% |
| Nov 1, 2024 | $2.78 | $0.29 | -89.6% | $672M | -1.6% |
| Feb 26, 2024 | $9.07 | $13.06 | +44.0% | $960M | +20.5% |
| Nov 2, 2023 | $6.46 | $6.65 | +2.9% | $742M | -0.5% |
| Aug 4, 2023 | $12.69 | $12.16 | -4.2% | $858M | +3.0% |
| Feb 23, 2023 | $15.07 | $13.37 | -11.3% | $823M | -1.1% |
| May 5, 2022 | $19.04 | $20.52 | +7.8% | $1.1B | +13.4% |
| Mar 7, 2022 | $11.44 | $13.45 | +17.6% | $828M | +14.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 8, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Back in February, expected slower first quarter production and shipments vs ratable guidance. Costs higher due to reduced volumes and war-related inflationary impacts on diesel. Employees received third-party recognition for work in safety, etc. Sales team tackled Dominion Terminal Associates outage. Market influenced by geopolitical and weather-related supply issues; Australian Premium Low Vol Index had largest quarterly increase.
Guidance
Believe improved operational performance in coal volumes and cost of coal sales for balance of 2026, still possible to finish year within top end of cost guidance range $95 to $101 per ton; if Iran conflict and inflation persist, likely adjust cost guidance upward. Expect cost pressure to carry over to 2Q, but expect it to come down from Q1 as productive activity increases.
Segment performance
Adjusted EBITDA for the first quarter was $30 million. Sold 3.6 million tons in Q1. Met segment realizations increased quarter over quarter, with an average realization of $124.39 in Q1, up from $115.31 in Q4. Export met tons priced against Atlantic indices and other pricing mechanisms in Q1 realized $110.32 per ton, while export coal priced on Australian indices realized $144.95 per ton. Realization for metallurgical sales in Q1 was a total weighted average of $128.40 per ton, up from $118.10 per ton in Q4. Cost of coal sales for MET segment increased to $107.98 per ton in Q1, up from $101.43 per ton in Q4. SG&A, excluding non-cash stock compensation and non-recurring items, increased to $13.5 million in Q1 compared to $10.9 million in Q4. As of March 31st, had $317.2 million in unrestricted cash and $49.6 million in short-term investments. 48% of metallurgical tonnage in MET segment is committed and priced at an average price of $132.37; 43% committed but not yet priced; thermal byproduct portion fully committed and priced at midpoint of guidance at $74.53 per ton.
Risks & headwinds
War-related inflationary impacts may persist and cause cost guidance upward adjustment; market index divergences may persist; diesel prices and other external factors bring uncertain cost pressures.
Analyst Q&A
Q: Nick Giles asked about cost cadence in 2Q and opportunities to shift tons to Aussie linked basis.
A: Andy said diesel contributed couple dollars per ton cost pressure, expect cost to come down from Q1 but too early to tell quantum; Dan said yes to shifting tons to Asian markets under certain conditions.
Q: Nathan Martin asked about shipping cadence and freight rates.
A: Andy said shipping cadence likely similar to normal year with most makeup in middle quarters; Dan said most business is FOB vessel, freight rates increased, need demand improvement and supply discipline for market pickup.
Q: Matthew Key asked about diesel pricing sensitivity and hedging.
A: Todd mentioned typical diesel usage and discussing hedging due to political volatility.
Q: Chris Lafema asked about high-vile discounts.
A: Dan said gap between East Coast low vol and Aussie index too wide, high vol coals affected by supply-demand; Andy added differential due to new tonnage in market.
Q: Nick Giles asked about presidential memorandum 303.
A: Andy said details still developing, mostly thermal focused, not yet material to MET business