Alpha Metallurgical Resources reported net income of $220.7 million, or $13.37 per diluted share, for the fourth quarter of 2022. The company's Adjusted EBITDA was $247.9 million. Despite facing challenges with weaker than expected volumes, the company increased its share repurchase authorization to $1.2 billion and raised its quarterly dividend to $0.44 per share.
Net income for the quarter was $220.7 million, or $13.37 per diluted share.
Adjusted EBITDA for the fourth quarter was $247.9 million.
Share buyback authorization increased to $1.2 billion.
Quarterly dividend increased to $0.44 per share.
Alpha Metallurgical Resources provided guidance for 2023, including expectations for metallurgical and thermal coal shipments, committed and priced percentages, and costs per ton.
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