Business UpdateMay 8, 2026, 07:42 AM
Alpha Metallurgical Resources Updates 2026 Guidance, Business Outlook
AI Summary
Alpha Metallurgical Resources, Inc. filed an investor presentation on May 8, 2026, providing a comprehensive business overview and updated 2026 guidance. The company projects metallurgical coal shipments between 14.4 and 15.4 million tons for 2026, with total shipments ranging from 15.1 to 16.5 million tons. The presentation also highlighted the company's disciplined capital return policy, which has reduced outstanding shares by approximately 32% since March 2022 through share repurchases totaling $1.2 billion.
Key Highlights
- Alpha projects 2026 metallurgical coal shipments of 14.4-15.4 million tons.
- Total 2026 coal shipments are guided between 15.1-16.5 million tons.
- As of April 29, 2026, 48% of metallurgical volumes (7.2M tons) are committed at $132.37/ton.
- The company expects 2026 Met Segment cost per ton between $95.00 and $101.00.
- Capital expenditures for 2026 are projected to be $148-$168 million.
- Share repurchases have reduced outstanding shares by ~32% since March 2022, totaling ~$1.2 billion.
- Alpha reported 15.3 million tons of coal sold and $122 million Adjusted EBITDA in 2025.
- The company is developing the Kingston Wildcat mine, expected to produce ~500k tons in 2026.