Revenue: As of FY2026 Q2, the actual value is USD 492.86 M, missing the estimate of USD 538.54 M.

EPS: As of FY2026 Q2, the actual value is USD -0.96, beating the estimate of USD -0.9698.

EBIT: As of FY2026 Q2, the actual value is USD -8.543 M.

Financial Performance Summary

Net Loss

Alpha Metallurgical Resources, Inc. reported a net loss of - $12.3 million for the second quarter of 2026, compared to - $11.0 million in the first quarter of 2026 and - $5.0 million in the second quarter of 2025. For the six months ended June 30, 2026, the net loss was - $23.284 million, an improvement from - $38.901 million for the six months ended June 30, 2025.

Adjusted EBITDA

Adjusted EBITDA for the second quarter of 2026 was $25.6 million, down from $30.0 million in the first quarter of 2026 and $46.1 million in the second quarter of 2025. The six months ended June 30, 2026, saw Adjusted EBITDA of $55.596 million, an increase from $51.716 million in the prior year period.

Operating Cash Flow

Operating cash flow was $39.9 million in the second quarter of 2026, compared to $29.0 million in the first quarter of 2026 and $53.2 million in the second quarter of 2025. Net cash provided by operating activities for the six months ended June 30, 2026, was $68.910 million, a decrease from $75.412 million for the same period in 2025.

Capital Expenditures

Capital expenditures were - $45.1 million in the second quarter of 2026, - $40.7 million in the first quarter of 2026, and - $34.6 million in the second quarter of 2025. For the six months ended June 30, 2026, capital expenditures totaled - $85.816 million, compared to - $73.092 million for the six months ended June 30, 2025.

Total Tons of Coal Sold

Total tons of coal sold were 3.5 million tons in the second quarter of 2026, 3.6 million tons in the first quarter of 2026, and 3.9 million tons in the second quarter of 2025. For the six months ended June 30, 2026, total tons sold were 7.145 million tons, down from 7.644 million tons in the prior year period.

Met Segment Revenue (excluding freight & handling)

Met segment revenue was $421.3 million in the second quarter of 2026 and $447.3 million in the first quarter of 2026. For the six months ended June 30, 2026, met segment revenue reached $868.604 million, a decrease from $909.829 million for the six months ended June 30, 2025.

Met Segment Coal Sales Realization per Ton (Non-GAAP)

Met segment coal sales realization per ton was $118.71 in the second quarter of 2026 and $124.39 in the first quarter of 2026. The average realization for the six months ended June 30, 2026, was $121.57 per ton, compared to $119.03 per ton for the same period in 2025.

Met Segment Cost of Coal Sales per Ton (Non-GAAP)

Met segment cost of coal sales per ton was $103.07 in the second quarter of 2026 and $107.98 in the first quarter of 2026. The cost for the six months ended June 30, 2026, was $105.54 per ton, slightly higher than $105.12 per ton for the six months ended June 30, 2025.

Liquidity and Capital Resources (as of June 30, 2026)

Alpha Metallurgical Resources, Inc. reported total liquidity of $447.8 million, which included $307.6 million in cash and cash equivalents, $30.9 million in short-term investments, and $184.3 million in unused ABL availability. Total long-term debt stood at $11.4 million.

Share Repurchase Program

As of July 31, 2026, Alpha Metallurgical Resources, Inc. had acquired approximately 7.0 million shares under its $1.5 billion authorized program, at a total cost of approximately $1.2 billion, or about $166.29 per share. The number of common stock shares outstanding on July 31, 2026, was 12,679,045.

2026 Outlook and Guidance

Alpha Metallurgical Resources, Inc. has committed and priced approximately 70% of its metallurgical coal for 2026 at an average of $128.17 per ton, with thermal coal fully committed at an average of $75.94 per ton. The company projects total Met segment shipments between 14.2 million and 15.4 million tons, with Met segment costs per ton expected to range from $103.00 to $107.00. Capital expenditures for 2026 are guided between $148 million and $168 million, alongside an estimated cash tax rate of 0% to 5%.