# Alpha Metallurgical Resources, Inc. (AMR)

**Exchange:** NYSE  
**Sector:** Basic Materials  
**Market cap:** $2.61B  
**Price:** $200.82 (+6.18%)

> Alpha Metallurgical Resources, Inc. is a leading U.S.-based mining company that specializes in the production, processing, and sale of metallurgical and thermal coal. Primarily operating in Virginia and West Virginia, Alpha's core business revolves around supplying high-quality metallurgical coal—essential for coke production in the global steelmaking industry. The company manages an extensive network of around 20 active mines and eight coal preparation and load-out facilities, emphasizing operational efficiency and scale.

Alpha commands a significant presence in the coal mining sector, accounting for a notable share of industry revenue in the United States and ranking among the top ten coal producers nationally. Approximately 97% of its coal sales are metallurgical coal, exported to international markets including Asia, Europe, and the Americas, underscoring its global impact and reach. Its remaining output is thermal coal, a small byproduct of its operations, used for electricity generation.

With a history shaped by mergers and acquisitions, Alpha is recognized for its extensive reserves and strong export capabilities, supported by strategic port capacity. The company plays a pivotal role in supplying the steel industry, maintaining significant commercial resources and adhering to a disciplined financial and operational strategy.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.13B | — | -$61M | -$62M | $-4.75 |
| 2024 | $2.96B | — | $228M | $188M | $14.28 |
| 2023 | $3.47B | — | $863M | $722M | $49.30 |
| 2022 | $4.10B | — | $1.58B | $1.45B | $79.49 |
| 2021 | $2.26B | — | $357M | $289M | $15.30 |
| 2020 | $1.42B | — | -$171M | -$447M | $-24.42 |
| 2019 | $2.29B | — | -$158M | -$316M | $-16.82 |
| 2018 | $2.03B | — | $194M | $299M | $25.54 |
| 2017 | $1.65B | — | $182M | $155M | $14.35 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.28B | $735M | $1.55B | $366M | $4M |
| 2024 | $2.44B | $789M | $1.65B | $482M | $2M |
| 2023 | $2.41B | $832M | $1.57B | $268M | $5M |
| 2022 | $2.31B | $883M | $1.43B | $302M | $11M |
| 2021 | $1.86B | $1.31B | $547M | $81M | $455M |
| 2020 | $1.68B | $1.48B | $200M | $139M | $600M |
| 2019 | $2.30B | $1.61B | $696M | $213M | $623M |
| 2018 | $2.75B | $1.67B | $1.07B | $234M | $633M |
| 2017 | $837M | $744M | $93M | $142M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $145M | $127M | $18M |
| 2024 | $580M | $199M | $381M |
| 2023 | $851M | $245M | $606M |
| 2022 | $1.48B | $164M | $1.32B |
| 2021 | $175M | $83M | $92M |
| 2020 | $129M | $120M | $10M |
| 2019 | $132M | $192M | -$61M |
| 2018 | $158M | $82M | $77M |
| 2017 | $314M | $73M | $242M |

Source: [DividendWall](https://dividendwall.com/company/AMR)