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Alpha Metallurgical Resources, Inc. (AMR) stock

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NYSE: AMR NYSE Coal & Consumable Fuels Next results ~November 6, 2026

C Fundamentals grade

Alpha Metallurgical Resources, Inc. is a US-listed company in the coal & consumable fuels industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$360

Cash-flow model

Base case. Range ~$270–$470 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 132% above it.

Price used: $154.22, November 2, 2026

Alpha Metallurgical Resources, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders4 buying, 4 selling123 purchases and 11 sales by directors and officers, last 12 monthsInsider trades
  • Funds111 adding, 130 cuttingOf 39 active managers that changed their stake, 17 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Alpha Metallurgical Resources files

Where Alpha Metallurgical Resources stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.07bn, down 12.9% on a year earlier, a smaller fall than the 19.1% decline a quarter earlier. Free-cash-flow margin fell to -0.1% from 7.3% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $359 a share, against a share price of $159. At that price, our model says the market is pricing in cash flow shrinking about 9.1% a year for five years, slower than the -1.8% a year revenue growth it has delivered.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 6, 2026 (estimated)

Alpha Metallurgical Resources, Inc.'s trailing-twelve-month revenue fell 12.9% year on year, with a free-cash-flow margin of -0.1%. Where it stands out: long-term debt as % of assets of 0.1% ranks 1 of 8 coal & consumable fuels companies we cover. Where it lags: revenue growth of -12.9% ranks 7 of 8 coal & consumable fuels companies we cover.

Our discounted-cash-flow model values the business at ~$360 per share in the base case (~$270–$470 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to -12.9% (+6.2pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $154.22 is 132% below our value per share of $360.
  • Shrinking share count. Diluted shares fell 1.7% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.3bn.

Things to watch

  • Revenue shrinking. Revenue fell 12.9% over the last 12 months.
  • Loss-making. Operating margin is -2.2%: costs exceed revenue.
  • Burning cash. Free cash flow was -0.1% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 56% and a beta of 0.5 against the S&P 500.
  • Heavily shorted. 15.3% of the shares available to trade are sold short (4.6 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 37.5% over 90 days.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
-$0.96 against an average estimate of -$0.97: beat by 1.0%
Revenue
$493m, down 10.4% on a year earlier
Share reaction
-0.2% in the first session after the results on October 23, 2026, against +0.2% for the S&P 500
Next report
November 6, 2026; average EPS estimate -$0.46

Alpha Metallurgical Resources' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.1%
  • 1 week-3.0%
  • 1 month-10.1%
  • This year-22.8%
  • 1 year-11.0%
  • 5 years+162.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
-2.2%
Net margin
-2.2%
EPS (TTM, diluted)
$-3.59

Growth

Revenue growth
−12.9%
Change in growth rate
+6.2 pts
Share count change
−1.7%

Cash

Free cash flow (TTM)
-$1.5M
FCF margin
-0.1%
Stock pay % of revenue
0.7%

Earnings

Last results
October 23, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Insider trade
  3. Insider trade
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Results
  8. Announcement
  9. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Alpha Metallurgical Resources, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 9.4% a year for five years.That is slower than the -1.8% a year revenue growth Alpha Metallurgical Resources has delivered.

  • Priced in-9.4%
  • Last 12 months-12.9%
  • 3 years a year-15.8%
  • 5 years a year-1.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($157.10, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$360
Price used
$157.10close November 3, 2026
Implied change
▲ +128%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Alpha Metallurgical Resources, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($203M, FY2026 Q2 TTM), growing 10.7% and 7.6% in the next two years (forecasts, guidance and its record), then back to 4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$270–~$470 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Alpha Metallurgical Resources, Inc.'s free cash flow after stock-based pay ( $203M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Alpha Metallurgical Resources, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$360 ~$270–$470 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$190 ~$150–$220 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$600 ~$520–$710 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$380 ~$190–$600 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Alpha Metallurgical Resources, Inc. with Coal & Consumable Fuels in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $252$334$443$587$775$1017
8.5% $197$257$336$439$573$745
10% $165$211$272$350$452$583

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$57.96$144.92$338.92$200.12$199.88$154.22
Market value$1.1bn$2.6bn$5.0bn$2.6bn$2.6bn$2.0bn
+ Net debt (− = net cash)$374m−$291m−$258m−$476m−$353m−$296m
Enterprise value$1.5bn$2.3bn$4.7bn$2.2bn$2.2bn$1.7bn
Multiples
Price / sales 0.5x0.6x1.4x0.9x1.2x1.0x
Price / earnings 3.8x1.8x6.9x14.0x——
Price / free cash flow 11.9x2.0x8.2x6.9x146.2x—
EV / EBITDA 3.1x1.4x4.7x5.4x19.8x14.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Alpha Metallurgical Resources's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.3% of total assets over 8 years.

  • Durability 0 / 20

    Operating margin has been a median 5.5%; its worst year was -19.1%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 5 of 8 years, at a median 4.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 30.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 6, 2026, before the open. Analysts expect revenue of $562m and EPS of −$0.46 (range −$0.73 to −$0.29) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.98 +78% $2.2bn +2%
Next $17.66 +1905% $2.6bn +19%

Next year's EPS estimate has moved −37.5% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −589.2% on 90 days ago. In the last 30 days, 0 analysts raised Alpha Metallurgical Resources, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Alpha Metallurgical Resources, Inc., last 90 days
−$10.00 $0.00 $10.00 $20.00 $30.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.20 Current fiscal year, 60 days ago: −$4.77 Current fiscal year, 30 days ago: −$4.77 Current fiscal year, 7 days ago: −$2.34 Current fiscal year, Now: −$0.98 −$0.98 Next fiscal year, 90 days ago: $28.25 Next fiscal year, 60 days ago: $18.26 Next fiscal year, 30 days ago: $18.26 Next fiscal year, 7 days ago: $20.37 Next fiscal year, Now: $17.66 $17.66

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.20$28.25
60 days ago −$4.77$18.26
30 days ago −$4.77$18.26
7 days ago −$2.34$20.37
Now −$0.98$17.66

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.97 −$0.96 +1.0%
Mar 2026 −$0.86 −$0.86 0.0%
Dec 2025 −$1.34 −$1.04 +22.4%
Sept 2025 −$0.45 −$0.42 +6.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 23, 2026

No numeric guidance in Alpha Metallurgical Resources, Inc.'s latest earnings release (filed October 23, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Alpha Metallurgical Resources, Inc.'s revenue by +10.7% next year and +7.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.2%, weight 60%) and the company's own record (+4.0%, weight 40%) . How the weights are set.

Analyst recommendations

4 analysts, Nov 2026
Buy00%
Hold4100%
Sell00%

Monthly trend

  1. Nov 202644
  2. Oct 202644

Counts of recommendations published by analysts covering Alpha Metallurgical Resources, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.3%
of tradable shares
Days to cover
4.56
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
30.0%
of shares
Employees
3,950
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −11.0%

$173.26 on October 31, 2025 to $154.22

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.1bn −12.9%
P/S multiple 1.0x 1.0x +0.4%
Share count 13m 13m +1.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years −29.7%

$219.41 on November 3, 2023 to $154.22

ThenNowEffect
Revenue (last 12 months) $3.5bn $2.1bn −40.4%
P/S multiple 1.0x 1.0x −6.8%
Share count 16m 13m +26.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
AMR+150%+134%−41%−0%−23%
Industry peers (median)+57%+40%−11%+54%−18%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
AMR75%67%25%50%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
AMR−40%−26%−57%−51%−45%
S&P 500−25%−10%−8%−19%−9%

Worst fall since February 8, 2021: 78% from February 26, 2024 to June 25, 2025. Getting back needed a 345% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$137.16 – $249.65
From 52-week high
−38.2%
vs 50-day average
−17.3%
vs 200-day average
−16.4%
Volatility (1 year)
56%
Beta vs S&P 500
0.49

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±4.9%
After a week
5 up, 7 down
typical move ±6.8%
After a month
7 up, 4 down
typical move ±18.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 23, 2026 −0.2% +0.2% −0.1% —
August 7, 2026 +1.1% +0.6% +9.2% +47.1%
July 27, 2026 +1.5% +0.3% −3.2% +50.9%
May 8, 2026 −3.1% +1.1% −7.1% +0.1%
April 24, 2026 −2.0% +0.9% −8.3% −3.1%
February 27, 2026 −1.7% −0.4% +0.3% +27.5%
January 30, 2026 −8.4% +0.2% −6.7% −21.5%
November 6, 2025 −2.7% −1.0% −8.4% +0.2%
August 8, 2025 +20.6% +0.6% +13.3% +7.2%
May 9, 2025 −4.0% +3.2% +1.2% −9.8%
February 28, 2025 −11.4% −0.2% −10.6% −15.7%
November 1, 2024 +2.4% +0.2% +13.6% +16.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Alpha Metallurgical Resources, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Alpha Metallurgical Resources, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Alpha Metallurgical Resources, Inc.
$2B $2.5B $3B $3.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.3B Revenue (TTM), FY23 Q4: $3.5B Revenue (TTM), FY24 Q1: $3.4B Revenue (TTM), FY24 Q2: $3.4B Revenue (TTM), FY24 Q3: $3.3B Revenue (TTM), FY24 Q4: $3B Revenue (TTM), FY25 Q1: $2.6B Revenue (TTM), FY25 Q2: $2.4B Revenue (TTM), FY25 Q3: $2.2B Revenue (TTM), FY25 Q4: $2.1B Revenue (TTM), FY26 Q1: $2.1B Revenue (TTM), FY26 Q2: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.3B
FY23 Q4 $3.5B
FY24 Q1 $3.4B
FY24 Q2 $3.4B
FY24 Q3 $3.3B
FY24 Q4 $3B
FY25 Q1 $2.6B
FY25 Q2 $2.4B
FY25 Q3 $2.2B
FY25 Q4 $2.1B
FY26 Q1 $2.1B
FY26 Q2 $2.1B
Revenue growth, TTM YoY Alpha Metallurgical Resources, Inc.
-40% -30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -18.8% Revenue growth, TTM YoY, FY23 Q4: -15.4% Revenue growth, TTM YoY, FY24 Q1: -13.1% Revenue growth, TTM YoY, FY24 Q2: -2.7% Revenue growth, TTM YoY, FY24 Q3: -1.0% Revenue growth, TTM YoY, FY24 Q4: -14.8% Revenue growth, TTM YoY, FY25 Q1: -23.3% Revenue growth, TTM YoY, FY25 Q2: -29.6% Revenue growth, TTM YoY, FY25 Q3: -32.5% Revenue growth, TTM YoY, FY25 Q4: -28.0% Revenue growth, TTM YoY, FY26 Q1: -19.1% Revenue growth, TTM YoY, FY26 Q2: -12.9% -12.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -18.8%
FY23 Q4 -15.4%
FY24 Q1 -13.1%
FY24 Q2 -2.7%
FY24 Q3 -1.0%
FY24 Q4 -14.8%
FY25 Q1 -23.3%
FY25 Q2 -29.6%
FY25 Q3 -32.5%
FY25 Q4 -28.0%
FY26 Q1 -19.1%
FY26 Q2 -12.9%
Operating margin (TTM) Alpha Metallurgical Resources, Inc.
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 26.0% Operating margin (TTM), FY23 Q4: 24.9% Operating margin (TTM), FY24 Q1: 20.2% Operating margin (TTM), FY24 Q2: 16.1% Operating margin (TTM), FY24 Q3: 13.1% Operating margin (TTM), FY24 Q4: 7.7% Operating margin (TTM), FY25 Q1: 1.7% Operating margin (TTM), FY25 Q2: -0.9% Operating margin (TTM), FY25 Q3: -1.3% Operating margin (TTM), FY25 Q4: -2.9% Operating margin (TTM), FY26 Q1: -1.5% Operating margin (TTM), FY26 Q2: -2.2% -2.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 26.0%
FY23 Q4 24.9%
FY24 Q1 20.2%
FY24 Q2 16.1%
FY24 Q3 13.1%
FY24 Q4 7.7%
FY25 Q1 1.7%
FY25 Q2 -0.9%
FY25 Q3 -1.3%
FY25 Q4 -2.9%
FY26 Q1 -1.5%
FY26 Q2 -2.2%
FCF margin (TTM) Alpha Metallurgical Resources, Inc.
-5% 0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 17.8% FCF margin (TTM), FY23 Q4: 17.5% FCF margin (TTM), FY24 Q1: 18.5% FCF margin (TTM), FY24 Q2: 13.3% FCF margin (TTM), FY24 Q3: 15.3% FCF margin (TTM), FY24 Q4: 12.9% FCF margin (TTM), FY25 Q1: 8.9% FCF margin (TTM), FY25 Q2: 7.3% FCF margin (TTM), FY25 Q3: 1.9% FCF margin (TTM), FY25 Q4: 0.8% FCF margin (TTM), FY26 Q1: 1.1% FCF margin (TTM), FY26 Q2: -0.1% -0.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 17.8%
FY23 Q4 17.5%
FY24 Q1 18.5%
FY24 Q2 13.3%
FY24 Q3 15.3%
FY24 Q4 12.9%
FY25 Q1 8.9%
FY25 Q2 7.3%
FY25 Q3 1.9%
FY25 Q4 0.8%
FY26 Q1 1.1%
FY26 Q2 -0.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,650 2,031 2,001 1,416 2,259 4,102 3,471 2,957 2,129 2,065
EBITDA — — — — 469 1,688 1,000 395 113 117
Operating income 182 194 −169 −171 359 1,581 863 228 −61 −45
Net income 155 299 −316 −447 289 1,449 722 188 −62 −46
Diluted EPS $14.35 $25.54 −$16.82 −$24.42 $15.30 $79.49 $49.30 $14.28 −$4.75 −$3.59
Growth (year on year)
Revenue — +23.1% −1.5% −29.2% +59.5% +81.6% −15.4% −14.8% −28.0% −12.9%
EBITDA — — — — — +259.8% −40.8% −60.5% −71.4% −21.9%
Operating income — +6.3% −187.3% — — +340.1% −45.4% −73.6% −126.9% —
Net income — +93.6% −205.7% — — +401.6% −50.2% −74.0% −132.9% —
Diluted EPS — +78.0% −165.9% — — +419.5% −38.0% −71.0% −133.3% —
Margins
EBITDA margin — — — — 20.8% 41.2% 28.8% 13.4% 5.3% 5.7%
Operating margin 11.1% 9.5% −8.4% −12.1% 15.9% 38.5% 24.9% 7.7% −2.9% −2.2%
Net margin 9.4% 14.7% −15.8% −31.6% 12.8% 35.3% 20.8% 6.3% −2.9% −2.2%
Free-cash-flow margin 14.6% 3.8% −1.4% 0.7% 4.1% 32.2% 17.5% 12.9% 0.8% −0.1%
Cash flow
Cash from operations 314 158 132 129 175 1,484 851 580 145 138
Capital spending 73 82 160 120 83 164 245 199 127 140
Free cash flow 242 77 −29 10 92 1,320 606 381 18 −1
Stock-based pay 20 13 12 5 5 7 19 12 14 14
Free cash flow after stock pay 221 63 −41 5 86 1,312 587 369 4 −16
Balance sheet
Cash 142 234 213 139 81 302 268 482 366 308
Total debt 373 633 623 600 455 11 10 6 13 11
Net debt (negative = net cash) 231 399 410 460 374 −291 −258 −476 −353 −296
Diluted shares 11m 12m 19m 18m 19m 18m 15m 13m 13m 13m
Returned to shareholders
Dividends 101 0 0 0 0 13 113 3 0 —
Buybacks 50 20 38 0 1 522 — — — —
Total returned 151 20 38 0 1 535 113 3 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · June 30, 2026
What it owns · $2.3bn
Short-term assets $862mLonger-term assets $1.4bn
What it owes, and who funded it · $2.3bn
Short-term liabilities $253mLonger-term liabilities $504mShareholders' equity $1.5bn
  • Short-term assets cover short-term liabilities $862m of assets due within a year against $253m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $862m short-term assets against $504m of longer-dated liabilities.
  • More cash than debt $308m of cash against $3m of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 83% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt $138m of operating cash flow against $3m of debt.
  • Operating profit covers interest at least five times over Operating income of −$45m against $3m of interest.

From Alpha Metallurgical Resources, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$415,000
Diluted share count
−1.7%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
3.1%
of revenue
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in coal & consumable fuels
Last 12 months unless stated AMR ARLP CCJ HCC BTU CNR Median
Revenue, last 12 months $2.1bn $2.2bn $2.5bn $1.7bn $4.0bn $4.3bn $2.1bn
Revenue growth, last 12 months −12.9% −5.1% 8.9% 37.5% −0.7% 28.7% 2.0%
Revenue growth, 3-year average −15.8% −6.3% — 1.1% −10.5% 18.8% −3.6%
Revenue growth, latest quarter −10.4% 0.7% — 71.3% 12.7% 3.5% 3.5%
Gross margin — — 27.9% 32.1% — — 23.2%
Operating margin −2.2% 14.7% 17.8% 13.6% −5.6% 1.9% 5.1%
Operating margin, 3-year average 4.3% 16.7% 0.9% 14.3% 4.7% — 4.3%
Net margin −2.2% 12.3% 16.9% 13.0% −4.6% 2.3% 4.3%
Cash from operations / revenue 6.7% 28.2% 40.4% 17.9% 5.5% 13.2% 15.6%
Free-cash-flow margin −0.1% 16.4% 30.9% 0.9% −4.9% 6.1% 3.5%
Free-cash-flow margin, 3-year average 6.9% 14.5% 25.9% −3.1% 1.2% 9.3% 6.3%
Stock pay / revenue 0.7% 0.3% 0.3% 1.3% 0.4% 0.2% 0.4%
Change in share count −1.7% — −0.1% 0.5% −12.9% 26.1% 0.2%

Median of all 8 companies we cover in coal & consumable fuels. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

8 coal & consumable fuels companies
Measure Company Peer median Rank
Revenue growth Growth -12.9% 4.7% 7 of 8
Change in growth rate Growth +6.2pp +2.0pp 3 of 8
Operating margin Profitability -2.2% 8.3% 6 of 8
Net margin Profitability -2.2% 6.2% 6 of 8
Free-cash-flow margin Cash generation -0.1% 6.1% 6 of 8
Stock pay as % of revenue Cash generation 0.7% 0.7% 4 of 6
Long-term debt as % of assets Balance sheet 0.1% 9.7% 1 of 8
Change in share count Balance sheet -1.7% 0.5% 2 of 6
Days sales outstanding Balance sheet 41 days 38 days 5 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Public Utilities Inventory Coal $2.1B 100.0% ▼ 28.0%
Coal Met $2B 95.7% ▼ 28.7%
Coal Thermal $92.1M 4.3% ▼ 7.9%

From Alpha Metallurgical Resources, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.8B
Institutions reporting
251
Shares held vs prior quarter
▼ 1.1%
Positions opened / closed
29 / 39

Top buyers and sellers, Q2 2026: 111 institutions bought and 130 sold ; the biggest buyer was Goehring & Rozencwajg Associates, LLC (+323K shares) and the biggest seller American Century Companies Inc (−249K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $299M 1.8M 16.3% ▼ 3.1%
State Street Corp $161M 974K 8.7% ▲ 6.6%
Dimensional Fund Advisors LP $123M 747K 6.7% ▲ 3.5%
Continental General Insurance Co $106M 644K 5.8% 0.0%
Vanguard Portfolio Management LLC $99.4M 602K 5.4% ▼ 5.6%
Gendell Jeffrey L $99.2M 601K 5.4% ▲ 10.5%
Goehring & Rozencwajg Associates, LLC $93.1M 565K 5.1% ▲ 133.3%
Renaissance Technologies LLC $90.8M 551K 4.9% ▼ 7.1%
Dalal Street, LLC $85.3M 517K 4.6% ▼ 10.8%
Vanguard Capital Management LLC $77M 467K 4.2% 0.0%
Systrade AG $46.2M 280K 2.5% 0.0%
Geode Capital Management, LLC $45.2M 274K 2.5% ▲ 0.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Alpha Metallurgical Resources, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $52.7M 123 trades by 4 insiders, last 12 months Insider sales History → $3.1M 11 trades by 4 insiders · 0% under pre-set plans
Net ▲ $49.6M net buying
Insider Date Trade Shares Price Value
Courtis Kenneth S. Director September 8, 2026 Buy 2,749 $226.13 $621,631
Courtis Kenneth S. Director September 8, 2026 Buy 305 $227.88 $69,503
Courtis Kenneth S. Director September 8, 2026 Buy 2,891 $226.92 $656,026
Courtis Kenneth S. Director September 8, 2026 Buy 99 $229.39 $22,710
Courtis Kenneth S. Director September 8, 2026 Buy 2,109 $225.21 $474,968
Courtis Kenneth S. Director September 8, 2026 Buy 1,847 $223.85 $413,451
Courtis Kenneth S. Director August 28, 2026 Buy 201 $229.83 $46,196
Courtis Kenneth S. Director August 28, 2026 Buy 1,271 $226.48 $287,856
Courtis Kenneth S. Director August 28, 2026 Buy 210 $234.24 $49,190
Courtis Kenneth S. Director August 28, 2026 Buy 514 $232.83 $119,675
Courtis Kenneth S. Director August 28, 2026 Buy 690 $231.12 $159,473
Courtis Kenneth S. Director August 28, 2026 Buy 50 $235.47 $11,774

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • October 23, 2026
  • August 7, 2026
  • July 27, 2026
  • May 8, 2026
  • April 24, 2026
  • February 27, 2026

Recent SEC filings

Data status

When each part of this page on Alpha Metallurgical Resources, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Alpha Metallurgical Resources, Inc. in brief

What does Alpha Metallurgical Resources, Inc. do?
Alpha Metallurgical Resources, Inc. is a US-listed company in the coal & consumable fuels industry. Its financial year ends in December.
What is Alpha Metallurgical Resources, Inc.'s stock ticker?
Alpha Metallurgical Resources, Inc. trades under the ticker AMR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Alpha Metallurgical Resources, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Alpha Metallurgical Resources, Inc. reported revenue of $2.1B, 12.9% lower than a year earlier, according to its SEC filings.
What is Alpha Metallurgical Resources, Inc.'s free cash flow?
Alpha Metallurgical Resources, Inc.'s free-cash-flow margin is -0.1% of revenue over the trailing twelve months, ranking 6 of the 8 coal & consumable fuels companies we cover.
What is Alpha Metallurgical Resources, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Alpha Metallurgical Resources, Inc.'s free cash flow after stock-based pay gives ~$360 per share in the base case, and ~$270–$470 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Alpha Metallurgical Resources, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Alpha Metallurgical Resources, Inc.'s market cap?
On November 2, 2026, Alpha Metallurgical Resources, Inc.'s market capitalisation was about $2B and net debt of -$296M. Market figures come from third-party market data and may be delayed.
Does Alpha Metallurgical Resources, Inc. pay a dividend?
Yes: Alpha Metallurgical Resources, Inc. paid $415,000 in dividends over the trailing twelve months, a dividend yield of 0.02%.
How much debt does Alpha Metallurgical Resources, Inc. have?
Alpha Metallurgical Resources, Inc.'s debt-to-equity ratio is 0.2%, from its latest balance sheet (83.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Alpha Metallurgical Resources, Inc.'s competitors?
In our Coal & Consumable Fuels peer group, the companies closest to Alpha Metallurgical Resources, Inc. are Alliance Resource Partners LP, Cameco Corp, Warrior MET Coal, Inc., Peabody Energy Corp and Core Natural Resources, Inc. The side-by-side comparison below sets their revenue, margins and growth against Alpha Metallurgical Resources, Inc.'s.
Are insiders buying or selling Alpha Metallurgical Resources, Inc. stock?
Over the last 12 months, Alpha Metallurgical Resources, Inc.'s directors and officers reported 123 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
When is Alpha Metallurgical Resources, Inc.'s next earnings date?
Around November 6, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Alpha Metallurgical Resources, Inc. announces its own schedule.