Alpha Announces Financial Results for Second Quarter 2026
Alpha Metallurgical Resources (NYSE: AMR) reported Q2 2026 results for the quarter ended June 30. Net loss was $12.3 million, or $0.96 per diluted share, versus a $11.0 million net loss in Q1. Adjusted EBITDA was $25.6 million versus $30.0 million. Met segment realized pricing was $118.71/ton and cost of coal sales averaged $103.07/ton.
How this was made
The 30-second read
Why it matters
The company attributes weaker H1 and Q2 performance to fewer tons shipped, higher costs, and DTA storm-damage impacts, and it responds by releasing adjusted guidance ranges for sales volumes and cost of coal sales.
Market read
Traders can reprice AMR based on the disclosed Q2 loss, lower Adjusted EBITDA versus Q1, and the company’s explicit guidance-range adjustments tied to shipment volumes and coal cost-of-sales assumptions.
What to watch
The release emphasizes mitigation via other East Coast terminals and potential clarity on longer-term stacker reclaimer replacement once insurance and equipment-provider discussions progress; those updates could reverse sentiment before full-year guidance is finalized.
Background
Alpha Metallurgical Resources is a U.S. metallurgical coal supplier and operator with exposure to terminal throughput at Dominion Terminal Associates (DTA).
Ticker impact
Alpha Metallurgical Resources reported Q2 net loss of $12.3M, Adjusted EBITDA of $25.6M, and updated coal volume and coal cost guidance ranges.
Near-term downside bias versus prior expectations, with volatility driven by guidance-range revisions and DTA operational recovery/insurance timeline.
The release discloses weaker profitability (net loss, lower Adjusted EBITDA vs Q1) and explicitly links updated sales-volume and coal-cost-of-sales guidance to operational constraints at Dominion Terminal Associates and higher supply costs.
Market effects
Signals ongoing metallurgical coal margin pressure from higher supply costs and logistics/terminal efficiency disruptions.
Highlights East Coast terminal operational risk (DTA storm damage) affecting coal throughput and shipment efficiency.
Could modestly influence steel-industry input cost expectations if reduced shipments persist into the back half of 2026.
Counterpoint
Operating cash flow improved to $39.9M in Q2, and the company has substantial liquidity plus a large authorized buyback, which can cushion downside if guidance stabilizes.
Key entities
- public_companyAlpha Metallurgical Resources, Inc.
Subject of the earnings release, reporting Q2 2026 results, liquidity, and an updated guidance approach tied to terminal efficiency and coal costs.
- operating_partnerDominion Terminal Associates (DTA)
Terminal operator whose June high-wind storm damage is expected to reduce efficiency and affect Alpha’s reduced sales volume guidance.
