# Alpha Metallurgical Resources, Inc. (AMR)

**Exchange:** NYSE  
**Sector:** Basic Materials  
**Market cap:** $2.53B  
**Price:** $194.29 (+0.37%)

> 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 | $2.12B | — | -$61M | -$62M | — |
| 2024 | $2.95B | — | $228M | $188M | — |
| 2023 | $3.46B | — | $863M | $722M | — |
| 2022 | $4.09B | — | $1.58B | $1.45B | — |
| 2021 | $2.25B | — | $359M | $289M | — |
| 2020 | $1.41B | — | -$171M | -$447M | — |
| 2019 | $2.00B | — | -$169M | -$316M | — |
| 2018 | $2.02B | — | $194M | $299M | — |
| 2017 | $1.64B | — | $182M | $155M | — |

## 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 | $6M |
| 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 | — | — |
| 2024 | $580M | — | — |
| 2023 | $851M | — | — |
| 2022 | $1.48B | — | — |
| 2021 | $175M | — | — |
| 2020 | $129M | — | — |
| 2019 | $132M | — | — |
| 2018 | $158M | — | — |
| 2017 | $314M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/AMR)