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Dec 31, 2022
Alpha Metallurgical Q4 2022 Earnings Report
Alpha Metallurgical reported Q4 2022 financial results, including net income of $220.7 million and adjusted EBITDA of $247.9 million.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
Alpha Metallurgical Resources provided guidance for 2023, including expectations for metallurgical and thermal coal shipments, committed and priced percentages, and costs per ton.
Positive Outlook
- Metallurgical coal shipment guidance between 15.0 and 16.0 million tons.
- Thermal coal shipment guidance between 1.4 and 1.8 million tons.
- Met Segment shipment guidance between 16.4 and 17.8 million tons.
- All Other shipment guidance between 0.3 and 0.6 million tons.
- Total Shipments guidance between 16.7 and 18.4 million tons.
Challenges Ahead
- Met Segment costs per ton between $106.00 and $112.00.
- All Other costs per ton between $87.00 and $93.00.
- SG&A expenses between $59 million and $65 million.
- Idle Operations Expense between $21 million and $31 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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