Alpha Metallurgical Resources (AMR) released its 2026 guidance late Friday, forecasting total shipments of 15.1 million to 16.5 million tons, including 14.4 million to 15.4 million metallurgical tons and 700,000 to 1.1 million tons of thermal coal.

The company plans $148 million to $168 million in capital expenditures, including development of the Kingston Wildcat mine. It also projects $35 million to $45 million in equity contributions and a cash tax rate of 0% to 5%.

Coal sales costs are estimated at $95 to $101 per ton, selling, general and administrative expenses at $53 million to $59 million, and idle operations costs at $24 million to $32 million, it added.