Alpha Metallurgical Q4 revenue misses on challenges in metallurgical pricing environment

Alpha Metallurgical Resources

27/02/2026 12:39

Overview

U.S. metallurgical supplier's Q4 revenue missed analyst expectations, reporting a net loss

Adjusted EBITDA for Q4 was $28.5 mln, down from previous quarter

Company repurchased 6.9 mln shares for $1.1 bln under buyback program

Outlook

Alpha sees 2026 metallurgical coal shipments between 14.4 mln and 15.4 mln tons

Company expects 2026 thermal coal shipments between 0.7 mln and 1.1 mln tons

Alpha anticipates 2026 met coal average price at $134.02 per ton

Result Drivers

MET PRICING CHALLENGES - Alpha attributed Q4 net loss to persistent challenges in the metallurgical pricing environment

COST INCREASES - Met segment cost of coal sales rose to $101.43 per ton, impacting profitability

AUSTRALIAN INDEX IMPROVEMENTS - Quality-specific improvements in Australian low vol indexes expected to benefit Q1 2026

Company press release: ID:nPn2jMs1xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$520.50 mln
$532.15 mln (4 Analysts)
Q4 EPS
-$1.34
Q4 Capex
-$29 mln
Q4 Operating Cash Flow
$19 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 no "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 $205.00, about 22% above its February 26 closing price of $168.05

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

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.)