- Experiences internet lack of $2.1 million for the fourth quarter 2024
- Posts Adjusted EBITDA of $53.2 million for the quarter
- Reduces 2025 quantity steering for metallurgical coal shipments to fourteen.5 million to fifteen.5 million lots
- Will increase full-year value of coal gross sales steering area to $103.00 to $110.00 consistent with ton
- Decreased letters of credit score exceptional by means of $15 million all over the quarter
BRISTOL, Tenn., Feb. 28, 2025 /PRNewswire/ — Alpha Metallurgical Sources, Inc. (NYSE: AMR), a chief U.S. provider of metallurgical merchandise for the metal trade, nowadays reported monetary effects for the fourth quarter and whole yr finishing December 31, 2024.
|
(tens of millions, except for consistent with proportion) |
|||
|
3 months ended |
|||
|
Dec. 31, 2024 |
Sept. 30, 2024 |
Dec. 31, 2023 |
|
|
Web (loss) source of revenue |
($2.1) |
$3.8 |
$176.0 |
|
Web (loss) source of revenue consistent with diluted proportion |
($0.16) |
$0.29 |
$12.88 |
|
Adjusted EBITDA(1) |
$53.2 |
$49.0 |
$266.3 |
|
Working coins wave |
$56.3 |
$189.5 |
$199.4 |
|
Capital expenditures |
($42.7) |
($31.5) |
($61.5) |
|
Lots of coal offered |
4.1 |
4.1 |
4.6 |
|
__________________________________ |
|
1. Those are non-GAAP monetary measures. A reconciliation of Web Source of revenue to Adjusted EBITDA is integrated in tables accompanying the monetary schedules. |
“As expected, the weak metallurgical coal market negatively impacted our results for the fourth quarter,” stated Andy Eidson, Alpha’s leading govt officer. “We continue to see lower levels of met coal demand which is keeping pricing subdued. As always, we strive to accurately assess the landscape and take actions as necessary to match our business to those realities. The adjustments we’re announcing today to our full year 2025 guidance for met coal shipment volumes and costs of coal sales are reflective of lower amounts of purchased coal than previously expected, as well as the impact of severe weather in both January and February on our operating plans. As we look ahead, our priorities continue to be the safe operation of our mines and the financial protection of the business against these difficult market circumstances.”
Monetary Efficiency
Alpha reported a internet lack of $2.1 million, or $0.16 consistent with diluted proportion, for the fourth quarter 2024, as in comparison to internet source of revenue of $3.8 million, or $0.29 consistent with diluted proportion, within the 3rd quarter.
General Adjusted EBITDA was once $53.2 million for the fourth quarter, in comparison to $49.0 million within the 3rd quarter.
Coal Revenues
|
(tens of millions) |
||
|
3 months ended |
||
|
Dec. 31, 2024 |
Sept. 30, 2024 |
|
|
Met Section |
$615.4 |
$669.8 |
|
Met Section (excl. freight & dealing with)(1) |
$519.3 |
$550.7 |
|
Lots Bought |
(tens of millions) |
|
|
3 months ended |
||
|
Dec. 31, 2024 |
Sept. 30, 2024 |
|
|
Met Section |
4.1 |
4.1 |
|
__________________________________ |
|
1. Represents Non-GAAP coal revenues which is outlined and reconciled beneath “Non-GAAP Financial Measures” and “Results of Operations.” |
Coal Gross sales Realization(1)
|
(consistent with ton) |
||
|
3 months ended |
||
|
Dec. 31, 2024 |
Sept. 30, 2024 |
|
|
Met Section |
$127.84 |
$132.76 |
|
__________________________________ |
|
1. Represents Non-GAAP coal gross sales realization which is outlined and reconciled beneath “Non-GAAP Financial Measures” and “Results of Operations.” |
Fourth quarter internet discovered pricing for the Met department was once $127.84 consistent with ton.
The desk under supplies a breakdown of our Met department coal offered within the fourth quarter by means of pricing mechanism.
|
(in tens of millions, except for consistent with ton information) |
||||
|
Met Section Gross sales |
3 months ended Dec. 31, 2024 |
|||
|
Lots Bought |
Coal Revenues |
Realization/ton(1) |
% of Met Lots Bought |
|
|
Export – Alternative Pricing Mechanisms |
1.7 |
$206.9 |
$122.24 |
46 % |
|
Home |
1.0 |
$156.4 |
$158.93 |
26 % |
|
Export – Australian Listed |
1.0 |
$130.3 |
$124.71 |
28 % |
|
General Met Coal Revenues |
3.7 |
$493.7 |
$132.63 |
100 % |
|
Thermal Coal Revenues |
0.3 |
$25.6 |
$75.39 |
|
|
General Met Section Coal Revenues (excl. freight & dealing with)(1) |
4.1 |
$519.3 |
$127.84 |
|
|
__________________________________ |
|
1. Represents Non-GAAP coal gross sales realization which is outlined and reconciled beneath “Non-GAAP Financial Measures” and “Results of Operations.” |
Price of Coal Gross sales
|
(in tens of millions, except for consistent with ton information) |
||
|
3 months ended |
||
|
Dec. 31, 2024 |
Sept. 30, 2024 |
|
|
Met Section |
$540.8 |
$598.7 |
|
Met Section (excl. freight & dealing with/inactive)(1) |
$442.0 |
$474.0 |
|
(consistent with ton) |
||
|
Met Section(1) |
$108.82 |
$114.27 |
|
__________________________________ |
|
1. Represents Non-GAAP value of coal gross sales and Non-GAAP value of coal gross sales consistent with ton which is outlined and reconciled beneath “Non-GAAP Financial Measures” and “Results of Operations.” |
Alpha’s Met department value of coal gross sales diminished to a mean of $108.82 consistent with ton within the fourth quarter, in comparison to $114.27 consistent with ton within the 3rd quarter.
Liquidity and Capital Sources
Money supplied by means of working actions within the fourth quarter diminished to $56.3 million as in comparison to $189.5 million within the 3rd quarter. The 3rd quarter benefited from a shorten in operating capital of $144.5 million. Capital expenditures for the fourth quarter have been $42.7 million in comparison to $31.5 million for the 3rd quarter.
As of December 31, 2024, the corporate had overall liquidity of $519.4 million, together with coins and coins equivalents of $481.6 million and $112.9 million of untouched availability beneath the asset-based revolving credit score facility (ABL), partly offset by means of a minimal required liquidity of $75.0 million as required by means of the ABL. As of December 31, 2024, the corporate had disagree borrowings and $42.1 million in letters of credit score exceptional beneath the ABL, a discount of $15.0 million in letters of credit score exceptional as in comparison to the 3rd quarter. General long-term debt, together with the modern portion of long-term debt as of December 31, 2024, was once $5.8 million.
Proportion Repurchase Program
As up to now introduced, Alpha’s board of administrators licensed a proportion repurchase program making an allowance for the expenditure of as much as $1.5 billion for the repurchase of the corporate’s ordinary book. As of February 21, 2025, the corporate has received roughly 6.6 million stocks of ordinary book at a value of roughly $1.1 billion, or roughly $165.74 consistent with proportion. The selection of ordinary book stocks exceptional as of February 21, 2025 was once 13,052,684. The exceptional proportion rely does no longer come with the doubtless dilutive impact of unvested fairness awards.
The timing and quantity of proportion repurchases will proceed to be aspiring by means of the corporate’s control in accordance with its analysis of marketplace situations, the buying and selling value of the book, appropriate criminal necessities, compliance with the provisions of the corporate’s debt word of honour, and alternative elements.
2025 Steering Changes and Efficiency Replace
Alpha is lowering its full-year 2025 steering for metallurgical coal cargo volumes. The unutilized metallurgical coal shipments steering area is 14.5 million lots to fifteen.5 million lots, unwell from the prior area of 15.0 million lots to 16.0 million lots. Moreover, the corporate is expanding its 2025 value of coal gross sales steering area to $103.00 to $110.00 consistent with ton, up from the prior area of $103.00 to $108.00 consistent with ton.
As of February 20, 2025, Alpha has dedicated and priced roughly 32% of its metallurgical coal for 2025 at a mean value of $143.81 consistent with ton and 95% of its thermal coal for the yr at a mean value of $80.74 consistent with ton.
|
2025 Steering |
||
|
in tens of millions of lots |
Low |
Top |
|
Metallurgical |
14.5 |
15.5 |
|
Thermal |
1.0 |
1.4 |
|
Met Section – General Shipments |
15.5 |
16.9 |
|
Dedicated/Priced1,2,3 |
Dedicated |
Moderate Worth |
|
Metallurgical – Home |
$152.94 |
|
|
Metallurgical – Export |
$113.11 |
|
|
Metallurgical General |
32 % |
$143.81 |
|
Thermal |
95 % |
$80.74 |
|
Met Section |
37 % |
$131.73 |
|
Dedicated/Unpriced1,3 |
Dedicated |
|
|
Metallurgical General |
57 % |
|
|
Thermal |
— % |
|
|
Met Section |
53 % |
|
|
Prices consistent with ton4 |
Low |
Top |
|
Met Section |
$103.00 |
$110.00 |
|
In tens of millions (except for taxes) |
Low |
Top |
|
SG&A5 |
$53 |
$59 |
|
Inactive Operations Expense |
$18 |
$28 |
|
Web Money Hobby Source of revenue |
$2 |
$10 |
|
DD&A |
$165 |
$185 |
|
Capital Expenditures |
$152 |
$182 |
|
Capital Contributions to Fairness Associates6 |
$44 |
$54 |
|
Money Tax Price |
0 % |
5 % |
|
Notes: |
|
|
1. |
In line with dedicated and priced coal shipments as of February 20, 2025. Dedicated share in accordance with the midpoint of cargo steering area. |
|
2. |
Fresh moderate per-ton realizations on dedicated and priced lots identified in pace sessions would possibly range in accordance with unedited freight expense in pace sessions relative to assumed freight expense embedded in projected moderate per-ton realizations. |
|
3. |
Contains estimates of pace coal shipments founded upon agreement phrases and expected supply schedules. Fresh coal shipments would possibly range from those estimates. |
|
4. |
Observe: The Corporate is not able to give a quantitative reconciliation of its forward-looking non-GAAP value of coal gross sales consistent with ton offered monetary measures to probably the most immediately related GAAP measures with out unreasonable efforts because of the inherent problem in forecasting and quantifying with cheap accuracy important pieces required for the reconciliation. Probably the most immediately related GAAP measure, GAAP value of gross sales, isn’t out there with out unreasonable efforts on a forward-looking foundation. The reconciling pieces come with freight and dealing with prices, which might be a property of GAAP value of gross sales. Control is not able to are expecting with out unreasonable efforts freight and dealing with prices because of lack of certainty as to the tip marketplace and FOB level for uncommitted gross sales volumes and the overall transport level for export shipments. Those quantities have various traditionally and would possibly proceed to alter considerably from quarter to quarter and subject material adjustments to those pieces will have an important impact on our pace GAAP effects. |
|
5. |
Excludes bills connected to non-cash book reimbursement and non-recurring bills. |
|
6. |
Contains contributions to investmrent standard operations at our DTA export facility and anticipated capital investments connected to the ability upgrades. |
Annual Assembly of Stockholders
The board of administrators has scheduled the yearly assembly of stockholders for Might 7, 2025.
Convention Name
The corporate plans to retain a convention name referring to its fourth quarter effects on February 28, 2025, at 10:00 a.m. Japanese age. The convention name might be to be had survive the investor division of the corporate’s web page at https://alphametresources.com/investors. Analysts who want to take part within the convention name will have to dial 877-407-0832 (home toll-free) or 201-689-8433 (global) roughly quarter-hour prior to start out age.
About Alpha Metallurgical Sources
Alpha Metallurgical Sources (NYSE: AMR) is a Tennessee-based mining corporate with operations throughout Virginia and West Virginia. With shoppers around the globe, top quality reserves and demanding port capability, Alpha reliably provides metallurgical merchandise to the metal trade. For more info, consult with www.AlphaMetResources.com.
Ahead-Taking a look Statements
This information leave contains forward-looking statements. Those forward-looking statements are in accordance with Alpha’s expectancies and ideology relating to pace occasions and contain dangers and uncertainties that can purpose unedited effects to fluctuate materially from modern expectancies. Those elements are tricky to are expecting appropriately and could also be past Alpha’s keep an eye on. Ahead-looking statements on this information leave or somewhere else discuss best as of the month made. Untouched uncertainties and dangers stand from age to age, and it’s unimaginable for Alpha to are expecting those occasions or how they are going to impact Alpha. With the exception of as required by means of regulation, Alpha has disagree responsibility to, and does no longer intend to, replace or revise the forward-looking statements on this information leave or somewhere else later the month this leave is issued. In shiny of those dangers and uncertainties, traders will have to store in thoughts that effects, occasions or tendencies mentioned in any forward-looking remark made on this information leave won’t happen. See Alpha’s filings with the U.S. Securities and Alternate Fee for more info.
FINANCIAL TABLES FOLLOW
Non-GAAP Monetary Measures
The dialogue under accommodates “non-GAAP financial measures.” Those are monetary measures that both exclude or come with quantities that aren’t excluded or integrated in probably the most immediately related measures calculated and offered in response to most often authorised accounting rules in the US (“U.S. GAAP” or “GAAP”). Particularly, we manufacture worth of the non-GAAP monetary measures “Adjusted EBITDA,” “non-GAAP coal revenues,” “non-GAAP cost of coal sales,” and “non-GAAP coal margin.” Along with internet source of revenue, we worth Adjusted EBITDA to measure the working efficiency of our reportable department. Adjusted EBITDA does no longer purport to be an extra to internet source of revenue as a measure of working efficiency or any alternative measure of working effects, monetary efficiency, or liquidity offered in response to GAAP. Additionally, this measure isn’t calculated identically by means of all firms and due to this fact is probably not related to in a similar way titled measures impaired by means of alternative firms. Adjusted EBITDA is gifted as a result of control believes this is a helpful indicator of the monetary efficiency of our coal operations. We worth non-GAAP coal revenues to give coal revenues generated, aside from freight and dealing with success revenues. Non-GAAP coal gross sales realization consistent with ton for our operations is calculated as non-GAAP coal revenues divided by means of lots offered. We worth non-GAAP value of coal gross sales to regulate value of coal gross sales to take away freight and dealing with prices, depreciation, depletion and amortization – manufacturing (aside from the depreciation, depletion and amortization connected to promoting, common and administrative purposes), accretion on asset depart responsibilities, amortization of received intangibles, internet, and idled and closed mine prices. Non-GAAP value of coal gross sales consistent with ton for our operations is calculated as non-GAAP value of coal gross sales divided by means of lots offered. Non-GAAP coal margin consistent with ton for our coal operations is calculated as non-GAAP coal gross sales realization consistent with ton for our coal operations much less non-GAAP value of coal gross sales consistent with ton for our coal operations. The presentation of those measures will have to no longer be regarded as in isolation, or as an alternative choice to research of our effects as reported beneath GAAP.
Control makes use of non-GAAP monetary measures to complement GAAP effects to grant a extra whole working out of the criteria and developments affecting the trade than GAAP effects isolated. The definition of those non-GAAP measures could also be modified periodically by means of control to regulate for important pieces noteceable to an working out of working developments and to regulate for pieces that won’t mirror the rage of pace effects by means of aside from transactions that aren’t indicative of our core working efficiency. Moreover, analogous measures are impaired by means of trade analysts to guage the Corporate’s working efficiency. As a result of no longer all firms worth equivalent calculations, the displays of those measures is probably not related to alternative in a similar way titled measures of alternative firms and will fluctuate considerably from corporate to corporate relying on long-term strategic choices referring to capital construction, the tax jurisdictions through which firms function, capital investments and alternative elements.
Incorporated under are reconciliations of non-GAAP monetary measures to GAAP monetary measures. For comparison functions, sure immaterial department knowledge for the 3 and one year ended December 31, 2023 were recast to evolve to the modern yr presentation.
|
ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Quantities in 1000’s, except for proportion and consistent with proportion information) |
|||||||
|
3 Months Ended December 31, |
Age Ended December 31, |
||||||
|
2024 |
2023 |
2024 |
2023 |
||||
|
Revenues: |
|||||||
|
Coal revenues |
$ 615,383 |
$ 957,127 |
$ 2,946,579 |
$ 3,456,630 |
|||
|
Alternative revenues |
1,964 |
2,864 |
10,706 |
14,787 |
|||
|
General revenues |
617,347 |
959,991 |
2,957,285 |
3,471,417 |
|||
|
Prices and bills: |
|||||||
|
Price of coal gross sales (unique of things proven one after the other under) |
540,754 |
668,879 |
2,451,601 |
2,356,138 |
|||
|
Depreciation, depletion and amortization |
40,836 |
42,638 |
167,331 |
136,869 |
|||
|
Accretion on asset depart responsibilities |
6,324 |
6,371 |
25,050 |
25,500 |
|||
|
Amortization of received intangibles, internet |
1,675 |
2,065 |
6,700 |
8,523 |
|||
|
Promoting, common and administrative bills (unique of depreciation, depletion and amortization proven one after the other above) |
16,831 |
26,139 |
74,000 |
82,390 |
|||
|
Alternative working loss (source of revenue) |
936 |
577 |
4,749 |
(1,088) |
|||
|
General prices and bills |
607,356 |
746,669 |
2,729,431 |
2,608,332 |
|||
|
Source of revenue from operations |
9,991 |
213,322 |
227,854 |
863,085 |
|||
|
Alternative (expense) source of revenue: |
|||||||
|
Hobby expense |
(583) |
(1,601) |
(3,811) |
(6,923) |
|||
|
Hobby source of revenue |
4,952 |
3,022 |
18,208 |
11,933 |
|||
|
Loss on extinguishment of debt |
— |
(2,753) |
— |
(2,753) |
|||
|
Fairness loss in associates |
(5,734) |
(6,681) |
(20,302) |
(18,263) |
|||
|
Miscellaneous expense, internet |
(2,940) |
(763) |
(11,199) |
(1,620) |
|||
|
General alternative expense, internet |
(4,305) |
(8,776) |
(17,104) |
(17,626) |
|||
|
Source of revenue ahead of source of revenue taxes |
5,686 |
204,546 |
210,750 |
845,459 |
|||
|
Source of revenue tax expense |
(7,815) |
(28,530) |
(23,171) |
(123,503) |
|||
|
Web (loss) source of revenue |
$ (2,129) |
$ 176,016 |
$ 187,579 |
$ 721,956 |
|||
|
Modest (loss) source of revenue consistent with ordinary proportion |
$ (0.16) |
$ 13.35 |
$ 14.41 |
$ 51.18 |
|||
|
Diluted (loss) source of revenue consistent with ordinary proportion |
$ (0.16) |
$ 12.88 |
$ 14.28 |
$ 49.30 |
|||
|
Weighted moderate stocks – unadorned |
13,020,122 |
13,187,100 |
13,013,469 |
14,106,466 |
|||
|
Weighted moderate stocks – diluted |
13,020,122 |
13,662,021 |
13,134,806 |
14,642,856 |
|||
|
ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Quantities in 1000’s, except for proportion and consistent with proportion information) |
|||
|
December 31, 2024 |
December 31, 2023 |
||
|
Belongings |
|||
|
Stream property: |
|||
|
Money and coins equivalents |
$ 481,578 |
$ 268,207 |
|
|
Business accounts receivable, internet of allowance for credit score losses of $2,396 and $234 as of December 31, 2024 and 2023, respectively |
362,141 |
509,682 |
|
|
Inventories, internet |
169,269 |
231,344 |
|
|
Pay as you go bills and alternative modern property |
23,681 |
39,064 |
|
|
General modern property |
1,036,669 |
1,048,297 |
|
|
Constituent, plant, and kit, internet of accrued depreciation and amortization of $667,260 and $558,905 as of December 31, 2024 and 2023, respectively |
634,871 |
588,992 |
|
|
Owned and hired mineral rights, internet of accrued depletion and amortization of $124,965 and $99,826 as of December 31, 2024 and 2023, respectively |
443,467 |
451,160 |
|
|
Alternative received intangibles, internet of accrued amortization of $41,444 and $38,543 as of December 31, 2024 and 2023, respectively |
39,879 |
46,579 |
|
|
Lengthy-term limited coins |
122,583 |
115,918 |
|
|
Lengthy-term limited investments |
43,131 |
40,597 |
|
|
Deferred source of revenue taxes |
6,516 |
8,028 |
|
|
Alternative non-current property |
111,592 |
106,486 |
|
|
General property |
$ 2,438,708 |
$ 2,406,057 |
|
|
Liabilities and Stockholders’ Fairness |
|||
|
Stream liabilities: |
|||
|
Stream portion of long-term debt |
$ 2,916 |
$ 3,582 |
|
|
Business accounts payable |
96,633 |
128,836 |
|
|
Amassed bills and alternative modern liabilities |
151,560 |
177,512 |
|
|
General modern liabilities |
251,109 |
309,930 |
|
|
Lengthy-term debt |
2,868 |
6,792 |
|
|
Employees’ reimbursement and unlit lung responsibilities |
182,961 |
189,226 |
|
|
Pension responsibilities |
100,597 |
101,908 |
|
|
Asset depart responsibilities |
189,805 |
166,509 |
|
|
Deferred source of revenue taxes |
40,486 |
39,142 |
|
|
Alternative non-current liabilities |
21,385 |
18,622 |
|
|
General liabilities |
789,211 |
832,129 |
|
|
Constancy and Contingencies |
|||
|
Stockholders’ Fairness |
|||
|
Most well-liked book – par worth $0.01, 5,000,000 stocks licensed, none issued |
— |
— |
|
|
Regular book – par worth $0.01, 50,000,000 stocks licensed, 22,383,325 issued and 13,016,390 exceptional at December 31, 2024 and 22,058,135 issued and 12,938,679 exceptional at December 31, 2023 |
224 |
221 |
|
|
Backup paid-in capital |
839,804 |
834,482 |
|
|
Collected alternative complete loss |
(50,082) |
(40,587) |
|
|
Treasury book, at value: 9,366,935 stocks at December 31, 2024 and 9,119,456 stocks at December 31, 2023 |
(1,296,916) |
(1,189,715) |
|
|
Retained income |
2,156,467 |
1,969,527 |
|
|
General stockholders’ fairness |
1,649,497 |
1,573,928 |
|
|
General liabilities and stockholders’ fairness |
$ 2,438,708 |
$ 2,406,057 |
|
|
ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Quantities in 1000’s) |
|||
|
Age Ended December 31, |
|||
|
2024 |
2023 |
||
|
Working actions: |
|||
|
Web source of revenue |
$ 187,579 |
$ 721,956 |
|
|
Changes to reconcile internet source of revenue to internet coins supplied by means of working actions: |
|||
|
Depreciation, depletion and amortization |
167,331 |
136,869 |
|
|
Amortization of received intangibles, internet |
6,700 |
8,523 |
|
|
Amortization of debt issuance prices and accretion of debt bargain |
1,118 |
1,947 |
|
|
Loss on extinguishment of debt |
— |
2,753 |
|
|
Achieve on disposal of property, internet |
(169) |
(6,817) |
|
|
Accretion on asset depart responsibilities |
25,050 |
25,500 |
|
|
Worker get advantages plans, internet |
14,551 |
8,376 |
|
|
Deferred source of revenue taxes |
5,563 |
39,722 |
|
|
Accumulation-based reimbursement |
12,318 |
19,017 |
|
|
Fairness loss in associates |
20,302 |
18,263 |
|
|
Alternative, internet |
787 |
(363) |
|
|
Adjustments in working property and liabilities |
|||
|
Business accounts receivable, internet |
145,379 |
(102,477) |
|
|
Inventories, internet |
64,203 |
(27,900) |
|
|
Pay as you go bills and alternative modern property |
14,658 |
7,596 |
|
|
Deposits |
408 |
80,729 |
|
|
Alternative non-current property |
1,199 |
3,837 |
|
|
Business accounts payable |
(19,339) |
15,666 |
|
|
Amassed bills and alternative modern liabilities |
(5,972) |
(9,087) |
|
|
Acquisition-related responsibilities |
— |
(28,254) |
|
|
Asset depart responsibilities |
(27,903) |
(19,189) |
|
|
Alternative non-current liabilities |
(33,844) |
(45,508) |
|
|
Web coins supplied by means of working actions |
579,919 |
851,159 |
|
|
Making an investment actions: |
|||
|
Capital expenditures |
(198,848) |
(245,373) |
|
|
Proceeds on disposal of property |
1,029 |
8,173 |
|
|
Money paid for trade received |
— |
(11,919) |
|
|
Purchases of funding securities |
(48,730) |
(207,065) |
|
|
Gross sales and maturities of funding securities |
48,036 |
320,961 |
|
|
Capital contributions to fairness associates |
(32,504) |
(30,812) |
|
|
Alternative, internet |
31 |
35 |
|
|
Web coins impaired in making an investment actions |
(230,986) |
(166,000) |
|
|
Financing actions: |
|||
|
Essential repayments of long-term debt |
(2,243) |
(2,314) |
|
|
Dividend and dividend equivalents paid |
(3,077) |
(113,013) |
|
|
Regular book repurchases and connected bills |
(122,299) |
(540,071) |
|
|
Alternative, internet |
(1,278) |
(1,030) |
|
|
Web coins impaired in financing actions |
(128,897) |
(656,428) |
|
|
Web building up in coins and coins equivalents and limited coins |
220,036 |
28,731 |
|
|
Money and coins equivalents and limited coins at starting of duration |
384,125 |
355,394 |
|
|
Money and coins equivalents and limited coins at finish of duration |
$ 604,161 |
$ 384,125 |
|
|
Supplemental coins wave knowledge: |
|||
|
Money paid for pastime |
$ 2,662 |
$ 5,207 |
|
|
Money paid for source of revenue taxes |
$ 12,144 |
$ 79,221 |
|
|
Money won for source of revenue tax refunds |
$ 3,765 |
$ 30 |
|
|
Supplemental disclosure of noncash making an investment and financing actions: |
|||
|
Financing rentals and capital financing – apparatus |
$ 1 |
$ 3,195 |
|
|
Amassed capital expenditures |
$ 15,523 |
$ 25,004 |
|
|
Amassed ordinary book repurchases and book repurchase excise tax |
$ — |
$ 8,118 |
|
|
Amassed dividend payable |
$ 424 |
$ 2,863 |
|
Refer to desk supplies a reconciliation of money and coins equivalents and limited coins reported inside the Consolidated Steadiness Sheets that sum to the full of the similar such quantities proven within the Consolidated Statements of Money Flows.
|
As of December 31, |
|||
|
2024 |
2023 |
||
|
Money and coins equivalents |
$ 481,578 |
$ 268,207 |
|
|
Lengthy-term limited coins |
122,583 |
115,918 |
|
|
General coins and coins equivalents and limited coins proven within the Consolidated Statements of Money Flows |
$ 604,161 |
$ 384,125 |
|
|
ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES ADJUSTED EBITDA RECONCILIATION (Quantities in 1000’s) |
|||||||||
|
3 Months Ended |
Age Ended December 31, |
||||||||
|
December 31, 2024 |
September 30, 2024 |
December 31, 2023 |
2024 |
2023 |
|||||
|
Web (loss) source of revenue |
$ (2,129) |
$ 3,804 |
$ 176,016 |
$ 187,579 |
$ 721,956 |
||||
|
Hobby expense |
583 |
1,041 |
1,601 |
3,811 |
6,923 |
||||
|
Hobby source of revenue |
(4,952) |
(5,145) |
(3,022) |
(18,208) |
(11,933) |
||||
|
Source of revenue tax expense (get advantages) |
7,815 |
(4,087) |
28,530 |
23,171 |
123,503 |
||||
|
Depreciation, depletion and amortization |
40,836 |
42,414 |
42,638 |
167,331 |
136,869 |
||||
|
Non-cash book reimbursement expense |
3,001 |
3,013 |
9,339 |
12,318 |
19,017 |
||||
|
Loss on extinguishment of debt |
— |
— |
2,753 |
— |
2,753 |
||||
|
Accretion on asset depart responsibilities |
6,324 |
6,326 |
6,371 |
25,050 |
25,500 |
||||
|
Amortization of received intangibles, internet |
1,675 |
1,675 |
2,065 |
6,700 |
8,523 |
||||
|
Adjusted EBITDA |
$ 53,153 |
$ 49,041 |
$ 266,291 |
$ 407,752 |
$ 1,033,111 |
||||
|
ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES RESULTS OF OPERATIONS |
|||||
|
3 Months Ended |
|||||
|
(In 1000’s, except for for consistent with ton information) |
December 31, 2024 |
September 30, 2024 |
December 31, 2023 |
||
|
Coal revenues |
$ 615,383 |
$ 669,783 |
$ 957,127 |
||
|
Coal revenues – All Alternative |
— |
— |
(2,946) |
||
|
Coal revenues – Met |
615,383 |
669,783 |
954,181 |
||
|
Much less: Freight and dealing with success revenues – Met |
(96,087) |
(119,093) |
(119,539) |
||
|
Non-GAAP Coal revenues – Met |
$ 519,296 |
$ 550,690 |
$ 834,642 |
||
|
Non-GAAP Coal gross sales realization consistent with ton – Met |
$ 127.84 |
$ 132.76 |
$ 183.76 |
||
|
Price of coal gross sales (unique of things proven one after the other under) |
$ 540,754 |
$ 598,725 |
$ 668,879 |
||
|
Depreciation, depletion and amortization – manufacturing (1) |
40,525 |
42,108 |
42,325 |
||
|
Accretion on asset depart responsibilities |
6,324 |
6,326 |
6,371 |
||
|
Amortization of received intangibles, internet |
1,675 |
1,675 |
2,065 |
||
|
General Price of coal gross sales |
589,278 |
648,834 |
719,640 |
||
|
General Price of coal gross sales – All Alternative |
— |
— |
(18,101) |
||
|
General Price of coal gross sales – Met |
589,278 |
648,834 |
701,539 |
||
|
Much less: Freight and dealing with prices – Met |
(96,087) |
(119,093) |
(119,539) |
||
|
Much less: Depreciation, depletion and amortization – manufacturing – Met (1) |
(40,525) |
(42,108) |
(33,295) |
||
|
Much less: Accretion on asset depart responsibilities – Met |
(6,324) |
(6,326) |
(3,721) |
||
|
Much less: Amortization of received intangibles, internet – Met |
(1,675) |
(1,675) |
(2,065) |
||
|
Much less: Idled and closed mine prices – Met |
(2,650) |
(5,625) |
(2,435) |
||
|
Non-GAAP Price of coal gross sales – Met |
$ 442,017 |
$ 474,007 |
$ 540,484 |
||
|
Non-GAAP Price of coal gross sales consistent with ton – Met |
$ 108.82 |
$ 114.27 |
$ 119.00 |
||
|
GAAP Coal margin – Met |
$ 26,105 |
$ 20,949 |
$ 252,642 |
||
|
GAAP Coal margin consistent with ton – Met |
$ 6.43 |
$ 5.05 |
$ 55.62 |
||
|
Non GAAP Coal margin – Met |
$ 77,279 |
$ 76,683 |
$ 294,158 |
||
|
Non GAAP Coal margin consistent with ton – Met |
$ 19.02 |
$ 18.49 |
$ 64.76 |
||
|
Lots offered – Met |
4,062 |
4,148 |
4,542 |
||
|
(1) |
Depreciation, depletion and amortization – manufacturing excludes the depreciation, depletion and amortization connected to promoting, common and administrative purposes. |
|
Age Ended December 31, |
|||
|
2024 |
2023 |
||
|
Coal revenues |
$ 2,946,579 |
$ 3,456,630 |
|
|
Coal revenues – All Alternative |
— |
(49,987) |
|
|
Coal revenues – Met |
2,946,579 |
3,406,643 |
|
|
Much less: Freight and dealing with success revenues – Met |
(503,306) |
(438,783) |
|
|
Non-GAAP Coal revenues – Met |
$ 2,443,273 |
$ 2,967,860 |
|
|
Non-GAAP Coal gross sales realization consistent with ton – Met |
$ 142.66 |
$ 179.40 |
|
|
Price of coal gross sales (unique of things proven one after the other under) |
$ 2,451,601 |
$ 2,356,138 |
|
|
Depreciation, depletion and amortization – manufacturing (1) |
166,105 |
135,668 |
|
|
Accretion on asset depart responsibilities |
25,050 |
25,500 |
|
|
Amortization of received intangibles, internet |
6,700 |
8,523 |
|
|
General Price of coal gross sales |
2,649,456 |
2,525,829 |
|
|
General Price of coal gross sales – All Alternative |
— |
(71,978) |
|
|
General Price of coal gross sales – Met |
2,649,456 |
2,453,851 |
|
|
Much less: Freight and dealing with prices – Met |
(503,306) |
(438,783) |
|
|
Much less: Depreciation, depletion and amortization – manufacturing – Met (1) |
(166,105) |
(125,716) |
|
|
Much less: Accretion on asset depart responsibilities – Met |
(25,050) |
(14,886) |
|
|
Much less: Amortization of received intangibles, internet – Met |
(6,700) |
(8,523) |
|
|
Much less: Idled and closed mine prices – Met |
(29,868) |
(18,580) |
|
|
Non-GAAP Price of coal gross sales – Met |
$ 1,918,427 |
$ 1,847,363 |
|
|
Non-GAAP Price of coal gross sales consistent with ton – Met |
$ 112.01 |
$ 111.67 |
|
|
GAAP Coal margin – Met |
$ 297,123 |
$ 952,792 |
|
|
GAAP Coal margin consistent with ton – Met |
$ 17.35 |
$ 57.59 |
|
|
Non GAAP Coal margin – Met |
$ 524,846 |
$ 1,120,497 |
|
|
Non GAAP Coal margin consistent with ton – Met |
$ 30.64 |
$ 67.73 |
|
|
Lots offered – Met |
17,127 |
16,543 |
|
|
(1) |
Depreciation, depletion and amortization – manufacturing excludes the depreciation, depletion and amortization connected to promoting, common and administrative purposes. |
|
3 Months Ended December 31, 2024 |
|||||||
|
(In 1000’s, except for for consistent with ton information) |
Lots Bought |
Coal Revenues |
Non-GAAP |
% of Met Lots |
|||
|
Export – alternative pricing mechanisms |
1,693 |
$ 206,948 |
$ 122.24 |
46 % |
|||
|
Home |
984 |
156,390 |
$ 158.93 |
26 % |
|||
|
Export – Australian listed |
1,045 |
130,324 |
$ 124.71 |
28 % |
|||
|
General Met department – met coal |
3,722 |
493,662 |
$ 132.63 |
100 % |
|||
|
Met department – thermal coal |
340 |
25,634 |
$ 75.39 |
||||
|
Non-GAAP Coal revenues |
4,062 |
519,296 |
$ 127.84 |
||||
|
Upload: Freight and dealing with success revenues |
— |
96,087 |
|||||
|
Coal revenues |
4,062 |
$ 615,383 |
|||||
INVESTOR & MEDIA CONTACT: EMILY O’QUINN
[email protected]
[email protected]
(423) 573-0369
SOURCE ALPHA METALLURGICAL RESOURCES, INC.
