AMR - Alpha Metallurgical Resources: An Earnings Miss In Q1 But Solid Cash Flows
2024-05-06 10:01:04 ET
Summary
- Alpha Metallurgical Resources, Inc. reported a Q1 2024 adjusted EBITDA of $190M, down 29% from Q4 2023.
- Sales volume for Alpha Metallurgical Resources in Q1 was 4.4Mt, in line with annual guidance, the margin was a respectable $51/t.
- Alpha Metallurgical Resources continues to distribute 100% of free cash flow to shareholders through buybacks, with a 10-15% free cash flow yield.
Overview
Alpha Metallurgical Resources, Inc. ( AMR ) is a U.S. metallurgical ("met") coal mining company which I have covered a few times over the last year, the prior articles can be found here . The company this morning released its Q1 2024 results , which this article will primarily focus on. There will be a conference call at 10 am Eastern Time ....
Alpha Metallurgical Resources: An Earnings Miss In Q1, But Solid Cash Flows