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AI brief of an SEC Form 8-K · Alpha Metallurgical Resources (AMR)

Alpha Metallurgical Q2 net income falls to $58.9 million from $127.0 million in Q1

Negative Impact 3 of 5 earnings Written later

Alpha Metallurgical Resources (AMR) reported second-quarter 2024 net income of $58.9 million, or $4.49 per diluted share, down from $127.0 million, or $9.59 per share, in the first quarter. Adjusted EBITDA fell to $116.0 million from $189.6 million, as Met segment realized pricing dropped to $141.86 per ton from $166.68. The company attributed the decline to weaker steel demand and said the pressures intensified in the third quarter.

Key points

  • Q2 2024 net income was $58.9 million, or $4.49 per diluted share, versus $127.0 million, or $9.59 per share, in Q1 2024 and $181.4 million, or $12.16 per share, in Q2 2023.
  • Met segment coal revenues excluding freight and handling were $645.7 million, down from $727.6 million in Q1 2024, on 4.6 million tons sold.
  • Cash and cash equivalents were $336.1 million at June 30, 2024, and total liquidity was $356.7 million.
  • As of July 31, 2024, the company had repurchased about 6.6 million shares for about $1.1 billion under a $1.5 billion authorization.

The filing

CompanyAlpha Metallurgical Resources (AMR)
Form8-K, current report
Filed with the SECAug 5, 2024, 7:33 AM ET
Accession number0001704715-24-000117

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.