Alpha Metallurgical Resources reported first quarter net income of $127.0 million, or $9.59 per diluted share. Adjusted EBITDA for the quarter was $189.6 million.
Reported first quarter net income of $127.0 million, or $9.59 per diluted share.
Generated Adjusted EBITDA of $189.6 million for the quarter.
Net realized pricing for the Met segment was $166.68 per ton.
The company has acquired approximately 6.6 million shares of common stock at a cost of approximately $1.1 billion, or approximately $165.74 per share as of April 30, 2024.
Alpha is increasing its full-year guidance for idle operations expense to between $25 million and $33 million, up from the previously announced range of $18 million to $28 million. Additionally, the company is reducing its 2024 tax rate guidance to a range of 10% to 15%, down from the prior range of 12% to 17%.
Analyze how earnings announcements historically affect stock price performance