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Mar 31, 2022
Alpha Metallurgical Q1 2022 Earnings Report
Reported a strong first quarter with significant net income and adjusted EBITDA.
Key Takeaways
Alpha Metallurgical Resources reported a net income of $401.0 million and an adjusted EBITDA of $503.8 million for the first quarter of 2022. The company continues to aggressively prepay debt and has increased its share repurchase program authorization to $600 million. They also announced a $1.50 per share annual cash dividend to be paid quarterly.
Net income from continuing operations was $401.0 million.
Adjusted EBITDA reached $503.8 million.
Aggressive debt prepayment continued, with term loan borrowings reduced to just under $100 million.
Share repurchase program authorization increased to $600 million and a $1.50 per share annual cash dividend was announced.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Alpha Metallurgical Resources adjusted its full-year guidance for metallurgical cost of coal sales per ton and cash interest expense.
Positive Outlook
- Metallurgical coal production between 14.0 and 15.0 million tons.
- Thermal coal production between 0.8 and 1.2 million tons.
- Met Segment production between 14.8 and 16.2 million tons.
- All Other production between 0.6 and 0.8 million tons.
- Total Shipments between 15.4 and 17.0 million tons.
Challenges Ahead
- Met segment cost of coal sales are now expected to be between $101.00 per ton and $107.00 per ton for the full year, up from the prior guidance range of $88.00 per ton to $92.00 per ton.
- Cost of coal sales for the All Other category are expected to remain unchanged in the range of $58.00 per ton to $62.00 per ton.
- SG&A expenses between $50 and $54 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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