Saudi Arabia Writes a New Chapter in Its Energy Journey: An Oil Legacy and Nuclear Ambition

A federal judge blocked New York's $75 billion climate superfund law, ruling it conflicts with federal law. Judge Brenda Sannes sided with Republican-led states and energy groups, finding the law preempted by the Clean Air Act. The law aimed to hold energy companies liable for global greenhouse gas emissions, but the judge ruled it infringed on federal interests. The ruling comes ahead of a Supreme Court case on similar issues. Companies like ExxonMobil and Chevron were involved in the challenge

A federal judge blocked New York's $75 billion climate superfund law, ruling it conflicts with federal law and cannot force energy companies to pay for global greenhouse gas emissions. Judge Brenda Sannes sided with Republican-led states and energy groups, finding the law preempted by the Clean Air Act. The ruling comes as the Supreme Court prepares to hear a similar case in October. New York's law aimed to fund climate infrastructure projects using payments from major fossil fuel companies.

Alpha Metallurgical Resources (AMR) reported Q2 adjusted EBITDA of $25.6M, down from $30.0M, with shipments at 3.5M tons vs 3.6M. Full-year shipment guidance was cut to 14.2M-15.4M tons and cost outlook raised to $103-$107/ton. Liquidity ended at $447.8M. Storm damage at an export terminal and weaker met markets were cited.

Alpha Metallurgical Resources (NYSE:AMR) reported Q2 2026 net loss of $12.3 million and adjusted EBITDA of $25.6 million. Metallurgical shipments fell to 3.5 million tons and met segment realization declined to $118.71/ton. The company cut full-year shipment guidance to 14.2-15.4 million tons and raised cost guidance to $103-$107/ton, citing DTA terminal constraints and weaker steel demand. AMR spent $1.2 billion on repurchases.

Alpha Metallurgical Resources (AMR) reported Q2 2026 net loss of $12.3 million and adjusted EBITDA of $25.6 million. Metallurgical shipments fell to 3.5 million tons and met segment realization to $118.71/ton. Full-year guidance lowered shipments to 14.2-15.4 million tons and raised costs to $103-107/ton. AMR spent $1.2 billion on repurchases and cited DTA terminal damage and weak steel demand.

Alpha Metallurgical Resources (AMR) reported Q2 results with a net loss of $12.3 million, or $0.96 per share, versus a $5.0 million loss, or $0.38 per share, a year earlier. The company cited weak revenue growth and an operating loss. Q2 operating loss was $10.5 million, revenues $492.9 million, and adjusted EBITDA $25.6 million. AMR shares fell about 3.7% pre-market to $146.54.