Alpha Metallurgical Resources reported net income from continuing operations of $251.8 million, or $14.21 per diluted share, for the third quarter 2022. Total Adjusted EBITDA was $294.9 million. The company announced a 4.5 million tons of 2023 domestic sales commitments at an average price of $192.27 per ton.
Net income from continuing operations of $251.8 million, or $14.21 per diluted share, was posted for the quarter.
Third quarter Adjusted EBITDA was reported as $294.9 million.
Quarterly operating cash flow was generated at $497.0 million.
Cumulative $452 million in buybacks were announced through share repurchase program as of October 31, 2022.
Alpha has committed and priced approximately 87% of its metallurgical coal within the Met segment at an average price of $243.30 per ton and 100% of thermal coal in the Met segment at an average expected price of $97.43 per ton. In the All Other category the company is 100% committed and priced at an average price of $77.69 per ton.
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