Alpha Metallurgical (AMR) Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 27, 2026 astatine 10:23 AM CST 25 min read

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Friday, Feb. 27, 2026 astatine 10 a.m. ET

• Chief Executive Officer — Andy Eidson

• Chief Financial Officer — J. Todd Munsey

• Chief Operating Officer — Jason E. Whitehead

• Chief Commercial Officer — Daniel E. Horn

Andy Eidson: Thanks, Emily, bully morning, everyone. Today, we released our definitive 4th fourth fiscal results, which see adjusted EBITDA of $28,500,000 and 3,800,000 tons shipped. This closes retired a twelvemonth that presented a fig of challenges and continued marketplace weakness. However, 2025 was besides a twelvemonth of markedly improved outgo show crossed the institution and resilience successful the look of hard circumstances. Now successful 2026, we look to physique connected that perseverance and proceed improving. Since our past net call, we issued 2026 guidance and announced 3,600,000 tons successful income commitments to home customers.

We person since added different 500,000 contracted tons, bringing Alpha Metallurgical Resources, Inc.'s home commitments to a full of 4,100,000 tons for the twelvemonth astatine an mean terms of $136.30. Especially successful volatile times similar these, having a coagulated basal of committed tons to North American customers supports currency travel readying and concern needs since the remainder of the income publication is taxable to marketplace risk, which carries uncertainty. As we stated successful our preliminary announcement and again today, caller upward question successful ember markets has been mostly concentrated wrong the Australian Premium Low Vol (PLV) Index.

Much of the displacement was owed to supply-related issues resulting from flooding that occurred successful Queensland successful December and January, meaning the impacts were apt isolated and temporary. This decision is further supported by the important divergence betwixt the Aussie scale and those priced connected the U.S. East Coast arsenic good arsenic the inclination little successful caller weeks. Additionally, increasing oversupply of high-vol ember seems to beryllium contributing to the widening dispersed betwixt low-vol and the high-vol A and B coals. Given our accustomed prime mix, if the existent pricing situation for high-vol persists, it would apt exert downward unit connected our realizations for the year.

In airy of these supply-related forces, we proceed to look for durable improvements to planetary alloy request arsenic the catalyst needed to amended met markets crossed the prime spectrum successful a sustainable way. All of this is important marketplace discourse arsenic we look astatine what is up for 2026. While the high-vol marketplace remains crowded connected the proviso broadside with incremental tons coming from Alabama and Northern Appalachia, we are looking guardant to completing improvement astatine the Kingston Wildcat low-vol mine, which Jason has further item to stock astir shortly.