Alpha Metallurgical Resources Inc

Alpha Metallurgical Resources lowered its full-year shipment guidance and raised its cost outlook after a rough second quarter. Adjusted EBITDA fell to $25.6 million from $30 million in the first quarter, while shipments slipped to 3.5 million tons from 3.6 million. Full-year shipment guidance dropped to a range of 14.2 million to 15.4 million tons, a cut of about 1 million tons at the midpoint, driven by weak met markets and a damaged stacker reclaimer at the DTA export terminal hit by winds over 80 miles per hour on June 14. Cost guidance rose to $103 to $107 per ton, up $7 at the midpoint, largely because of higher diesel and supply costs tied to the Iran war. Cash from operating activities rose to $39.9 million from $29 million, and the company ended June with $447.8 million in total liquidity.

Alpha Metallurgical Resources lowered its full-year 2026 shipment guidance after storm damage constrained capacity at the Dominion Terminal Associates export facility. The company reported second-quarter revenue of US$492.86 million, down from US$550.27 million a year earlier, and a net loss of US$12.25 million. Management noted that around 70% of 2026 metallurgical coal production is already committed and priced, providing some visibility into future cash generation. The company also repurchased 69,000 shares for US$13.5 million between April and June 2026, bringing total repurchases under its current authorization to more than 7.0 million shares.

Alpha Metallurgical Resources announced that one of two stacker reclaimer machines at Dominion Terminal Associates in Newport News, Virginia, sustained significant damage from high winds during a storm on June 14. The damaged machine, which is currently inoperable, was hit by wind gusts exceeding 80 miles per hour. The second stacker reclaimer, refurbished earlier this year, remains operational. Alpha, which holds a 65% majority ownership in DTA, has sent force majeure letters to affected customers and maintains additional shipping capacity at neighboring terminals. Terminal leaders are assessing the damage and developing a timeline for repairs.