Shares of Alpha Metallurgical Resources Inc (NYSE: AMR) plunged 7.47% in Thursday's pre-market trading session following the release of its disappointing third-quarter financial results. The coal mining company reported a net loss and missed analyst estimates, reflecting challenges in the metallurgical coal market.
Alpha Metallurgical Resources announced a net loss of $5.5 million, or $0.42 per diluted share, for the third quarter of 2025. This represents a significant downturn from the net income of $3.8 million reported in the same quarter last year. The company's adjusted EBITDA came in at $41.7 million, slightly below the consensus estimate of $41.8 million from three analysts.
The weak performance can be attributed to several factors, including lower coal revenues and ongoing market pressures. The company's Met segment coal revenues decreased to $525.2 million from $548.7 million in the previous quarter. Despite achieving record quarterly cost performance in coal sales since 2021, with average costs decreasing to $97.3 per ton from $100.1 per ton in the prior quarter, it wasn't enough to offset the revenue decline. In response to the challenging environment, Alpha has reduced its 2025 guidance for capital contributions to equity affiliates to a range of $35-41 million and is focusing on domestic negotiations for 2026 contracts. The company's total liquidity stood at $568.5 million as of September 30, 2025, including $408.5 million in cash and cash equivalents, providing some financial flexibility as it navigates the current market conditions.
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