Alpha Metallurgical issues 2026 guidance expectations
Alpha Metallurgical Resources (AMR) projects coal shipments for 2026 between 15.1 million and 16.5 million tons, with a significant portion being metallurgical coal (14.4 to 15.4 million tons).
The company plans for coal sales costs to be $95 to $101 per ton, alongside estimated SG&A expenses of $53 million to $59 million and idle operations costs of $24 million to $32 million.
AMR's capital expenditures are forecasted at $148 million to $168 million, including investments in the Kingston Wildcat mine, and they anticipate a cash tax rate of 0% to 5% for 2026.
As of December 8, 27% of AMR's projected metallurgical coal shipments have been committed and priced, with current domestic prices averaging $136.75 per ton for metallurgical coal.
Recommendation Rating: Positive Outlook for Alpha Metallurgical Resources
On Friday, Alpha Metallurgical Resources (AMR) released its guidance for the calendar year 2026, projecting total coal shipments between 15.1 million and 16.5 million tons. This estimate includes 14.4 to 15.4 million tons of metallurgical coal and 0.7 to 1.1 million tons of thermal coal.
The company's forecast for the cost of coal sales is set at $95 to $101 per ton, accounting for the Section 45X credit. Additionally, AMR anticipates selling, general and administrative (SG&A) expenses ranging from $53 million to $59 million, alongside idle operations costs projected between $24 million and $32 million. The expected net cash interest income is estimated to fall between $2 million and $6 million, while depreciation, depletion, and amortization are forecasted at $160 million to $174 million.
For 2026, capital expenditures are projected to be in the range of $148 million to $168 million, which includes activities to finalize the Kingston Wildcat mine. Contributions to equity affiliates, such as the Dominion Terminal Associates, are expected to amount to $35 million to $45 million. The company is also estimating a cash tax rate of 0% to 5% for the year.