Alpha (AMR) Q1 2026 Earnings Call Transcript

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DATE

Friday, May 8, 2026 astatine 10:00 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Andy Eidson

• Chief Financial Officer — J. Todd Munsey

• President — Daniel E. Horn

• Chief Operating Officer — Jason E. Whitehead

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Full Conference Call Transcript

Andy Eidson: Given this and since we expect improved operational show successful some ember volumes and outgo of ember income for the equilibrium of 2026, we judge it is inactive imaginable to decorativeness the twelvemonth wrong the apical extremity of our existing outgo guidance scope of $95 to $101 per ton. However, if the Iranian struggle and its resulting inflationary impacts persist, we volition apt set our outgo guidance upward. Our realizations improved 4th implicit 4th mostly owed to increases successful the low-vol indexes that occurred successful caller months owed to supply-related issues from flooding successful Australia. However, determination are historically antithetic divergences wrong the indexes that person either persisted oregon gotten much pronounced successful caller weeks.

Within low-vol pricing, the Australian PLV is presently $45 per metric ton higher, oregon 23% more, than the U.S. East Coast Low Vol Index. And of peculiar value to america and our portfolio, determination is simply a further $36 per ton spread down from the U.S. East Coast Low Vol to the U.S. East Coast High Vol A, different quality of 23%. The U.S. East Coast dispersed from Low Vol to High Vol A is apt related to however oversupplied the marketplace for precocious vol has go with further tons precocious brought to marketplace successful an already anemic environment.

We continually measure the productive capableness of our portfolio alongside the needs of the market, some successful the adjacent aboriginal and from a longer-term perspective. We are watching to spot if either of those scale spreads necktie into a much normalized level oregon if the divergence persists. Across the organization, our employees are moving hard to support safe, businesslike operations contempt the outer headwinds we are facing. Within the archetypal quarter, galore Alpha Metallurgical Resources, Inc. teams received third-party designation for exceptional enactment successful the areas of operational safety, excavation rescue, biology stewardship, and reclamation. I commend each of our squad members who marque affirmative contributions done their enactment each day.

Our income squad besides tackled a hard situation by successfully readying for and mitigating the imaginable disruption of a four-week outage successful March astatine Dominion Terminal. They diligently worked to support arsenic overmuch Alpha Metallurgical Resources, Inc. ember moving arsenic imaginable some earlier and aft the downtime, portion strategically utilizing our Hampton Roads terminal capableness beyond DTA. We are grateful to each of our partners for helping america flooded these challenges, and we are particularly appreciative of the DTA squad for their enactment to bash truthful galore instrumentality attraction tasks and upgrades successful specified a abbreviated time. With that, I volition crook the telephone implicit to Todd for a reappraisal of our archetypal 4th fiscal results.