Alpha Metallurgical Resources, Inc. AMR
Unless otherwise indicated or the context otherwise requires, references in this "Item 1. Business" section to "the combined company," "we," "us" and other similar terms refer to Alpha Metallurgical Resources, Inc. and its consolidated subsidiaries (previously Contura Energy, Inc. and its consolidated subsidiaries). Certain terms that are used throughout this Annual Report on Form 10-K but not otherwise defined are defined under the "Glossary" herein. Disclosures in this "Item 1. Business" section should be read in conjunction with "Item 1A. Risk Factors" for further discussion of factors impacting our business.
We are a Tennessee-based mining company with operations in Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, we reliably supply metallurgical coal products to the steel industry. We operate highly productive, cost-competitive coal mines across the CAPP coal basin. Our portfolio of mining operations consists of 14 active underground mines, five active surface mines and eight active coal preparation plants, as well as one underground mine, one surface mine, and one coal preparation plant that have been temporarily idled. We own a 65.0% interest in Dominion Terminal Associates ("DTA"), a coal export terminal in Newport News, Virginia. DTA provides us with the ability to fulfill a broad range of customer coal quality requirements through coal blending, while also providing storage capacity and transportation flexibility.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.12B | $2.95B | $3.46B | $4.09B | $2.25B | $1.41B | $2.00B | $2.02B | $1.64B | — |
| SG&A | $60.2M | $74.0M | $82.4M | $71.6M | $63.9M | $57.4M | $79.0M | $59.3M | $67.5M | — |
| Total operating expenses | $2.19B | $2.73B | $2.61B | $2.52B | $1.90B | $1.59B | $2.17B | $1.84B | $1.47B | — |
| Operating income | -$61.4M | $227.9M | $863.1M | $1.58B | $359.2M | -$170.7M | -$169.1M | $193.8M | $182.4M | — |
| Interest expense | $3.0M | $3.8M | $6.9M | $21.8M | $69.7M | $74.5M | $67.5M | $38.8M | $36.0M | — |
| Pre-tax income | -$87.5M | $210.8M | $845.5M | $1.55B | $292.2M | -$243.6M | -$272.9M | $137.5M | $105.8M | — |
| Income tax | $25.8M | $23.2M | $123.5M | $106.2M | $3.4M | $2.2M | $53.3M | $165.4M | $68.0M | — |
| Net income | -$61.7M | $187.6M | $722.0M | $1.45B | $288.8M | -$446.9M | -$316.3M | $299.2M | $154.5M | — |
| EPS, basic | -4.75 | 14.41 | 51.18 | 82.82 | 15.66 | -24.42 | -16.82 | 27.28 | 15.12 | — |
| EPS, diluted | -4.75 | 14.28 | 49.30 | 79.49 | 15.30 | -24.42 | -16.82 | 25.54 | 14.35 | — |
| Shares, diluted (wtd. avg.) | $13.0M | $13.1M | $14.6M | $18.2M | $18.9M | $18.3M | $18.8M | $11.7M | $10.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $366.0M | $481.6M | $268.2M | $355.4M | $182.6M | $244.6M | $347.7M | $477.2M | $141.9M | $171.3M |
| Short-term investments | $49.6M | $0 | $0 | $46.1M | $0 | — | — | — | — | — |
| Receivables | $278.6M | $362.1M | $509.7M | $407.2M | $489.2M | $145.7M | $224.2M | $292.6M | $127.3M | — |
| Inventory | $193.0M | $169.3M | $231.3M | $200.6M | $129.4M | $108.1M | $150.9M | $122.0M | $69.6M | — |
| Total current assets | $918.3M | $1.04B | $1.05B | $1.11B | $748.0M | $510.1M | $711.5M | $829.6M | $463.2M | — |
| Property, plant and equipment | — | — | — | — | — | — | — | $700.0M | $180.0M | — |
| Goodwill | $11.1M | $11.1M | $11.1M | $10.7M | $0 | — | $0 | $95.6M | $0 | — |
| Other intangibles | $34.5M | $39.9M | $46.6M | $55.1M | $74.2M | $88.2M | $124.2M | $154.6M | $18.5M | — |
| Total assets | $2.28B | $2.44B | $2.41B | $2.31B | $1.86B | $1.68B | $2.30B | $2.75B | $836.6M | — |
| Accounts payable | $66.2M | $96.6M | $128.8M | $106.0M | $90.1M | $58.4M | $82.7M | $114.6M | $76.3M | — |
| Total current liabilities | $205.5M | $251.1M | $309.9M | $402.6M | $295.9M | $259.1M | $315.2M | $355.2M | $242.2M | — |
| Long-term debt | $3.9M | $1.8M | $5.1M | $6.2M | $454.7M | $599.6M | $622.7M | $632.8M | — | — |
| Total liabilities | $735.1M | $789.2M | $832.1M | $882.7M | $1.31B | $1.48B | $1.61B | $1.67B | $744.0M | — |
| Retained earnings | $2.09B | $2.16B | $1.97B | $1.28B | -$71.7M | -$360.5M | $86.8M | $403.1M | $104.0M | — |
| Total equity | $1.55B | $1.65B | $1.57B | $1.43B | $546.9M | $200.1M | $696.1M | $1.07B | $92.6M | $37.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $144.9M | $579.9M | $851.2M | $1.48B | $174.9M | $129.2M | $131.9M | $158.4M | $314.3M | — |
| Depreciation and amortisation | $174.5M | $167.3M | $136.9M | $107.6M | $110.0M | — | — | — | — | — |
| Stock-based compensation | $13.6M | $12.3M | $19.0M | $7.5M | $5.3M | $4.9M | $12.4M | $13.4M | $20.4M | — |
| Capital expenditure | $127.2M | $198.8M | $245.4M | $164.3M | $83.3M | $119.6M | $160.4M | $81.9M | $72.7M | — |
| Investing cash flow | -$204.0M | -$231.0M | -$166.0M | -$329.4M | -$89.9M | -$210.0M | -$191.8M | $102.2M | -$121.3M | — |
| Financing cash flow | -$52.2M | -$128.9M | -$656.4M | -$981.9M | -$147.0M | -$22.4M | -$69.7M | $22.7M | -$170.3M | — |
| Dividends paid | $415.0K | $3.1M | $113.0M | $13.4M | $0 | $0 | $0 | $0 | $100.7M | — |
| Buybacks | — | — | — | $521.8M | $786.0K | $209.0K | $37.6M | $20.3M | $49.9M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001704715-26-000010.
Others in SIC 1221
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BTU | PEABODY ENERGY CORP | $3.52B | — | -8.9% |
| ARLP | ALLIANCE RESOURCE PARTNERS LP | $3.41B | — | -10.4% |
| NRP | NATURAL RESOURCE PARTNERS LP | $1.51B | — | — |
| NC | NACCO INDUSTRIES INC | $316.2M | 17.8x | 16.6% |