Alpha Metallurgical Resources, Inc. announced preliminary financial results for the third quarter ended September 30, 2026, on October 23, 2026. The company expects to report a net loss of $9.3 million, or $0.73 per diluted share, for the period. Despite the net loss, the company reported preliminary Adjusted EBITDA of $29.4 million.
For the quarter, the company sold 3.9 million tons of coal. Met segment coal revenues were $560.6 million, with a non-GAAP coal sales realization of $121.09 per ton. The company noted that market volatility influenced its realizations during the quarter.
Regarding liquidity, as of September 30, 2026, Alpha had total liquidity of $443.4 million. This included $334.1 million in cash and cash equivalents, as well as $184.3 million of unused availability under its asset-based revolving credit facility. The company had no borrowings outstanding and $40.7 million in letters of credit.
The company also disclosed its share repurchase activity. As of September 30, 2026, the company had acquired approximately 7.1 million shares at a cost of about $1.2 billion since the start of its authorized program. During the third quarter, the company spent approximately $3.0 million repurchasing roughly 18,000 shares.
Definitive results for the third quarter are scheduled to be released on November 6, 2026.
