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Dec 31, 2023
Alpha Metallurgical Q4 2023 Earnings Report
Alpha Metallurgical Resources reported strong Q4 2023 financial results, marked by a team effort to finish the year successfully.
Key Takeaways
Alpha Metallurgical Resources reported net income of $176.0 million, or $12.88 per diluted share, for the fourth quarter 2023. Total Adjusted EBITDA was $266.3 million. The company continues to progress on its buyback program, having returned approximately $1.1 billion to shareholders since its inception.
Reported fourth quarter net income of $176.0 million, or $12.88 per diluted share.
Announced Adjusted EBITDA of $266.3 million for the quarter.
Continued progress on the buyback program, with approximately $1.1 billion returned to shareholders since program inception.
Announced changes to the company's board of directors.
Revenue by Segment
Forward Guidance
Alpha provided 2024 guidance for metallurgical and thermal coal shipments, committed pricing, and costs per ton.
Positive Outlook
- Metallurgical coal shipment guidance between 15.5 and 16.5 million tons.
- Thermal coal shipment guidance between 0.9 and 1.3 million tons.
- SG&A expenses are expected to be between $60 and $66 million.
- Net cash interest income is projected to be between $2 and $8 million.
- Expect DD&A between $140 and $160 million.
Challenges Ahead
- Capital expenditures are projected to be between $210 and $240 million.
- Capital contributions to equity affiliates are expected to be between $40 and $50 million.
- Tax rate is projected to be between 12% and 17%.
- Idle operations expense is projected between $18 and $28 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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