Alpha Metallurgical Resources (AMR) reported a net loss of USD 17.3 million (USD 1.34 per diluted share) for Q4 2025 and Adjusted EBITDA of USD 28.5 million. Operating cash flow was USD 19.0 million in Q4 2025, while capital expenditures totaled USD 29.0 million and tons of coal sold were 3.8 million. In AMR’s Met segment, coal revenues were USD 519.1 million in Q4 2025 (USD 436.3 million excluding freight and handling), with coal sales realization of USD 115.31 per ton; Met segment cost of coal sales averaged USD 101.43 per ton. Total liquidity was USD 524.3 million as of Dec. 31, 2025, including USD 366.0 million of cash and cash equivalents, and long-term debt totaled USD 13.4 million. AMR said Q4 results reflected a challenging metallurgical pricing environment, while noting quality-specific improvements late in Q4 and into recent weeks. The company also updated that as of Feb. 17, 2026 it had committed and priced about 37% of expected 2026 metallurgical coal shipments at an average USD 134.02 per ton and 77% of 2026 thermal coal at an average USD 73.17 per ton, alongside 2026 shipment guidance of 14.4 million to 15.4 million tons of metallurgical coal and 0.7 million to 1.1 million tons of thermal coal. AMR also reported that as of Feb. 20, 2026 it had repurchased about 6.9 million shares for about USD 1.1 billion (about USD 165.89 per share) under its USD 1.5 billion authorization.

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