Alpha Metallurgical gains on upbeat results, FY shipment forecast

Alpha Metallurgical Resources

08/05/2023 16:42

** Coal miner Alpha Metallurgical Resources Inc's shares
 AMR.N  up 8.6% at $159.80
    ** Reports Q1 adj EPS of $17.01 vs. est. of $14.13
    ** Q1 rev $911 mln vs. est. of $860 mln
    ** Raises qtrly div to $0.50/shr from $0.44/shr
    ** For 2023, sees total shipments of 16.7 mln-18.4 mln tons
vs. Est. of 16.3 mln tons
    ** Including session gains, stock up 9% YTD

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))