Alpha Metallurgical Resources said preliminary third-quarter 2026 results showed a net loss of $9.3 million, or $0.73 per diluted share, compared with adjusted EBITDA of $29.4 million on 3.9 million tons of coal sold.
Revenue from its met segment reached $560.6 million, or $474.1 million excluding freight and handling. Met segment coal sales realization came in at $121.09 per ton.
Within the met segment, domestic sales totaled 1.0 million tons and generated $133.3 million in revenue, at $136.17 per ton. Export sales tied to Australian pricing accounted for 0.8 million tons and $120.4 million in revenue, with realization of $150.46 per ton. Export sales under other pricing mechanisms represented 1.8 million tons and $196.7 million in revenue, at $107.03 per ton. Thermal coal contributed 0.3 million tons and $23.7 million in revenue, at $79.44 per ton.
Total met coal revenues excluding freight and handling were $474.1 million on 3.9 million tons sold. Cost of coal sales in the met segment was $509.7 million, or $106.93 per ton, and $418.6 million excluding freight and handling and idle costs.
At Sept. 30, 2026, Alpha reported total liquidity of $443.4 million, including $334.1 million in cash and cash equivalents and $184.3 million of unused availability under its revolving credit facility, partially offset by a $75.0 million minimum liquidity requirement. The company had no borrowings under the facility and $40.7 million in letters of credit outstanding. Long-term debt, including the current portion, stood at $10.6 million.
Under its share repurchase program, Alpha had bought back about 7.1 million shares for roughly $1.2 billion since the program began. During the third quarter alone, it spent about $3.0 million repurchasing roughly 18,000 shares. Shares outstanding at quarter-end were 12,667,855. The market has reacted to these announcements by moving the company's shares -0.3% to a price of $159.39. For the full picture, make sure to review Alpha Metallurgical Resources's 8-K report.
