Shares of Alpha Metallurgical Resources Inc (AMR) tumbled 10.37% in pre-market trading on Friday following the release of its disappointing first-quarter 2025 financial results and reduced guidance. The coal mining company reported a significant loss and missed analyst estimates, prompting investors to reassess their positions.

Alpha Metallurgical Resources posted a net loss of $2.60 per share for Q1, a stark contrast to the net income of $9.59 per share reported in the same period last year. This figure significantly missed the FactSet analyst consensus estimate of a $0.59 loss per share. Revenue for the quarter also fell short, coming in at $531.96 million, down 38.44% from $864.07 million in the previous year and below the analyst expectation of $573.15 million.

Adding to investor concerns, the company reduced its metallurgical coal sales guidance for the full year to 13.8-14.8 million tons, signaling potential challenges in the coal market. Furthermore, Alpha Metallurgical Resources lowered its 2025 capital expenditure (Capex) guidance range to $130 million to $150 million, suggesting a more conservative approach to investments. These factors, combined with the weak quarterly performance, likely contributed to the sharp pre-market decline as investors adjusted their expectations for the company's near-term prospects.