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Jun 30, 2022
Alpha Metallurgical Q2 2022 Earnings Report
Alpha Metallurgical Resources reported record earnings and strategic leadership transition.
Key Takeaways
Alpha Metallurgical Resources reported a net income from continuing operations of $575.4 million and a record Adjusted EBITDA of $694.5 million for Q2 2022. The company eliminated its remaining term-loan balance, executed $268 million in share buybacks, and increased its quarterly dividend to 39.2 cents per share. Full-year guidance was adjusted upward for byproduct thermal shipments and SG&A.
Reported second quarter net income from continuing operations of $575.4 million.
Posted record Adjusted EBITDA of $694.5 million for the second quarter 2022.
Eliminated remaining term-loan balance in June, effectively freeing the company of long-term debt.
Increased quarterly dividend amount to 39.2 cents per share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Alpha Metallurgical Resources adjusted its full-year guidance upward for byproduct thermal shipments from the Met segment and SG&A.
Positive Outlook
- Metallurgical - Domestic price $189.87
- Metallurgical - Export price $303.51
- Thermal 100% Committed/Priced
- Met Segment 73% Committed/Priced
- All Other 100% Committed/Priced
Challenges Ahead
- Met Segment costs per ton $101.00 - $107.00
- All Other costs per ton $58.00 - $62.00
- SG&A $55 - $59 million
- Idle Operations Expense $30 - $40 million
- Capital Expenditures $160 - $190 million
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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