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Dec 31, 2020
Alpha Metallurgical Q4 2020 Earnings Report
Alpha Metallurgical Resources reported a net loss from continuing operations of $55.1 million for the fourth quarter 2020 and Adjusted EBITDA of $7.4 million.
Key Takeaways
Alpha Metallurgical Resources reported a net loss of $55.1 million, or $3.00 per diluted share, for Q4 2020. Total Adjusted EBITDA was $7.4 million. The company divested Cumberland Mine and rebranded to Alpha Metallurgical Resources, Inc.
Reported net loss from continuing operations of $55 million for the fourth quarter 2020
Posted Adjusted EBITDA of $7 million for the fourth quarter 2020
Continued strong cost management across all operating segments
Closed transaction divesting Cumberland Mine, furthering strategic repositioning towards a pure metallurgical coal producer
Revenue by Segment
Forward Guidance
Alpha Metallurgical Resources reiterated its previously issued 2021 operating guidance with coal shipments guidance range of 14.8 million tons to 16.2 million tons.
Positive Outlook
- Coal shipments guidance range of 14.8 million tons to 16.2 million tons
- Met segment volume expected to be between 13.5 million to 14.5 million tons
- Pure metallurgical coal shipments of 12.5 million to 13.0 million tons
- Incidental thermal shipments in this segment of 1.0 million to 1.5 million tons
- All Other segment volume is anticipated to be between 1.3 million tons to 1.7 million tons
Historical Earnings Impact
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Avg. Return Before/After Earnings
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