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Jun 30, 2021
Alpha Metallurgical Q2 2021 Earnings Report
Alpha Metallurgical's financial performance reflected a challenging year with a net loss, but showed resilience through cost management and strategic investments.
Key Takeaways
Alpha Metallurgical Resources reported a net loss of $18.6 million for Q2 2021, but demonstrated improved performance with an Adjusted EBITDA of $39.9 million. The company focused on cost management and benefited from strategic investments, leading to increased production guidance for 2021.
Reported a net loss from continuing operations of $18.6 million for Q2 2021.
Achieved an Adjusted EBITDA of $39.9 million for Q2 2021.
Continued strong cost management across the enterprise.
Increased 2021 production guidance and adjusted SG&A and CapEx guidance.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Alpha Metallurgical Resources anticipates coal shipments to be between 15.6 million and 17.5 million tons. The Met segment volume is expected to be between 14.3 million and 15.8 million tons. SG&A guidance is updated to a range of $48 million to $52 million, and capital expenditures are expected to be between $88 million and $98 million.
Positive Outlook
- Coal shipments are now expected to be in the range of 15.6 million tons to 17.5 million tons, up from the prior range of 14.8 million to 16.2 million tons.
- Met segment volume is expected to be between 14.3 million to 15.8 million tons, up from the prior range of 13.5 million to 14.5 million tons.
- Pure metallurgical coal shipments for the year are expected to be between 13.0 million to 14.0 million tons, up from the prior range of 12.5 million to 13.0 million tons.
- Incidental thermal shipments in this segment are expected to be between 1.3 million to 1.8 million tons, up from the prior range of 1.0 million to 1.5 million tons.
- The company is updating its SG&A guidance from the prior range of $44 million to $49 million to a new range of $48 million to $52 million.
Challenges Ahead
- The company's 2021 Met segment cost of coal sales per ton remains unchanged and is expected to be between $68.00 and $74.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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