Alpha Metallurgical Resources (NYSE:AMR) released preliminary first-quarter results on Friday, revealing a net loss as a dip in realized pricing for metallurgical coal offset steady shipping volumes.
The Bristol, Tennessee-based coal producer reported a preliminary net loss of $11 million, or $0.86 per diluted share, for the quarter ended March 31, 2026.
This marks a sharp contrast to the profitability seen in previous cycles and reflects a normalization of the metallurgical coal market.
Adjusted EBITDA for the period is expected to be approximately $30 million.
The company sold 3.6 million tons of coal during the quarter.
The Metallurgical segment generated $523.5 million in revenue, with a realized pricing of $124.39 per ton.
While volumes remained in line with previous guidance, the lower realized price—down from the highs of 2024 and 2025—impacted the bottom line.