ALPHA METALLURGICAL RESOURCES, INC.: Alpha Announces Preliminary Financial Results for Third Quarter 2026
Alpha Metallurgical Resources (AMR) reported preliminary Q3 2026 results, including a net loss of $9.3M ($0.73 per share) and $29.4M in adjusted EBITDA. Coal sales reached 3.9M tons with a realized price of $121.09 per ton. The company has $443.4M in liquidity and has repurchased 7.1M shares for $1.2B. Final results will be released November 6, 2026.
How this was made
The 30-second read
Why it matters
Preliminary loss may trigger short interest, but strong balance sheet and ongoing buyback may attract value buyers.
Market read
Preliminary earnings provide early insight before the definitive Q3 release on Nov 6.
What to watch
Liquidity remains strong with $443M cash and unused credit facility.
Background
Alpha Metallurgical Resources is a U.S. supplier of metallurgical coal for steel producers.
Ticker impact
Alpha Metallurgical Resources released preliminary Q3 2026 results showing a $9.3M net loss and $29.4M adjusted EBITDA.
likely downward pressure as investors price in the loss
Loss and modest EBITDA suggest earnings weakness; repurchase size is small relative to market cap.
Market effects
Metallurgical coal segment may face pricing pressure, affecting peers in the steel supply chain.
Limited to U.S. coal and steel supply markets.
Minimal global impact.
Counterpoint
Share repurchase could signal confidence and limit downside.
Key entities
- ExecutiveAndy Eidson
Chief Executive Officer of Alpha Metallurgical Resources.




