Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its fourth quarter 2022 financial results before the market opens on Thursday, February 23, 2023. The company also expects to hold a conference call to discuss its fourth quarter 2022 results at 10:00 a.m. Eastern time on February 23. Participating on the call will be Alpha's chief executive [...]
Challenging Geology, Transportation Issues Contribute to Fewer Shipped Tons and Higher Cost of Coal Sales for the Quarter Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary, unaudited financial results for the fourth quarter ending December 31, 2022. Three months ended Dec. 31, 2022 Net income $220.7 Net income per diluted share [...]
Two New Independent Members - Joanna Baker de Neufville and Michael Gorzynski - to Join the Board in January 2023 Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, today announced the upcoming appointments of Joanna Baker de Neufville and Michael Gorzynski to the Company's Board of Directors , effective January 1, 2023. The Company previously announced that [...]
Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, today announced its operational guidance for the 2023 calendar year. "As we continue working hard to safely wrap up a record-setting year of accomplishments, we are also looking forward to 2023 and what lies ahead for Alpha," said David Stetson, chair and chief executive officer. "I couldn't be prouder of our [...]
Posts net income from continuing operations of $251.8 million, or $14.21 per diluted share, for the quarter Reports third quarter Adjusted EBITDA of $294.9 million Generates quarterly operating cash flow of $497.0 million Announces 4.5 million tons of 2023 domestic sales commitments at an average price of $192.27 per ton Announces cumulative $452 million in buybacks through share repurchase program as of October 31, 2022 [...]
BRISTOL, Tenn., Oct. 19, 2022 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its third quarter 2022 financial results before the market opens on Monday, November 7, 2022. The company also expects to hold a conference call to discuss its third quarter 2022 results at 10:00 a.m. Eastern time on November 7. Participating on the [...]
Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, is scheduled to present today at the 35th Annual Credit Suisse Specialties and Basics Conference in New York City. In connection with the conference presentation, the company is providing an update regarding its ongoing domestic sales negotiations and the commitments secured for 2023. As of today, Alpha has [...]
CEO Stetson Announces Planned Transition to Executive Board Chairman at Year End; President and CFO Eidson to Assume CEO Role Provides details on succession roadmap for Stetson's end of year planned retirement Reports second quarter net income from continuing operations of $575.4 million Posts record Adjusted EBITDA of $694.5 million for the second quarter 2022 Eliminates remaining term-loan balance in June, effectively [...]
BRISTOL, Tenn., July 25, 2022 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its second quarter 2022 financial results before the market opens on Monday, August 8, 2022. The company also expects to hold a conference call to discuss its second quarter 2022 results at 10:00 a.m. Eastern time on August 8. Participating on the [...]
Company Also Provides Updates on Share Repurchase Program and Combined $56.6 Million in Collateral Releases Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, today announced several positive financial updates, including the elimination of its remaining term loan balance. Long-Term Debt Elimination On June 3, 2022, Alpha made a voluntary prepayment of $99.4 [...]
Alpha Metallurgical Resources, Inc. , a leading U.S. supplier of metallurgical products for the steel industry, today issued the following statement regarding a report from an activist short-selling firm containing false and misleading characterizations about Alpha's business. David Stetson, chair and chief executive officer, stated: "We have worked hard to earn a strong reputation for ethical operations and transparent [...]
Reports first quarter net income from continuing operations of $401.0 million Posts Adjusted EBITDA of $503.8 million for the first quarter 2022 Continues aggressive prepayment of debt, bringing outstanding term loan borrowings to just under $100 million Increases existing share repurchase program authorization to $600 million Announces $1.50 per share annual cash dividend to be paid quarterly Adjusts full-year guidance [...]