Alpha Metallurgical Q2 adjusted EBITDA misses estimates on lower shipments

Alpha Metallurgical Resources

07/08/2026 12:41

Overview
U.S. metallurgical coal supplier's Q2 revenue and adjusted EBITDA missed analyst expectations
Company posted wider Q2 net loss, citing fewer tons shipped and higher supply costs
Previously announced share buyback program continued, with $1.2 bln spent to date

Outlook
Alpha expects 2026 metallurgical coal shipment guidance of 13.2-14.0 mln tons
Alpha says about 70% of 2026 metallurgical coal committed and priced at $128.17/ton

Result Drivers
LOWER SHIPMENTS - Co said Q2 results were affected by fewer tons shipped due to operational disruptions and soft market conditions
HIGHER SUPPLY COSTS - Co cited continued elevated supply costs as a factor in Q2 results
TERMINAL DISRUPTION - Storm damage at Dominion Terminal Associates led to reduced efficiency and affected shipments

Company press release: ID:nPnbP2LqKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$492.86 mln
$574.28 mln (5 Analysts)
Q2 Loss Per Share
 
$0.96
 
Q2 Net Loss
 
$12.30 mln
 
Q2 Adjusted EBITDA
Miss
$25.60 mln
$48.75 mln (5 Analysts)
Q2 Capex
 
-$45.10 mln
 
Q2 Operating Cash Flow
 
$39.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy."
Wall Street's median 12-month price target for Alpha Metallurgical Resources, Inc. is $167.50, about 10.1% above its August 6 closing price of $152.12
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 5 - Warrior Met Coal Q2 revenue jumps 71% as Blue Creek mine boosts volumes
Aug 4 - Ramaco Resources Q2 revenue, EBITDA beat analyst estimates
Aug 6 - Core Natural Resources Q2 EBITDA beats estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)