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Alpha Metallurgical Resources (AMR) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Alpha Metallurgical Resources (AMR) Q3 2026 earnings results →

Q3 2026 Revenue up 7% year over year to $562M · 2¢ of every $1 of revenue lost · operating margin -1.4%

Alpha Metallurgical Resources made $562M in Q3 2026 (+7% Y/Y): Coal, Met $534M, Coal, Thermal $26.6M. Operating margin -1.4%, net loss $9.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$562M
Year over year+7%
Operating margin-1.4%
Net earnings−$9.3M
Operating cash flow$46.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $562.2M in Q3 2026, up 7% year over year and up 14% from the previous quarter. Coal, Met was the largest line at 95% of revenue. Coal, Met added $32.6M year over year (up 6%), 92% of the total change.

Operating costs exceeded revenue by $8.0M, an operating margin of -1.4%. Total costs grew 8% against revenue growth of 7%. The fastest-growing cost line was SG&A (+19%). The quarter ended with a net loss of $9.3M, narrower than the previous quarter's $12.3M loss. Net interest and other expense of $6.9M was the main reason.

Operating cash flow was $46.9M (down 7% year over year). Non-cash charges added back $35.5M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $16.3M. Capital expenditures of $33.8M left free cash flow of $13.1M.

Quarterly history

Alpha Metallurgical Resources revenue by quarterAlpha Metallurgical Resources revenue by quarter$532MQ1 2025$550MQ2 2025$527MQ3 2025$520MQ4 2025$525MQ1 2026$493MQ2 2026$562MQ3 2026
Alpha Metallurgical Resources net earnings by quarterAlpha Metallurgical Resources net earnings by quarter−$33.9MQ1 2025−$5.0MQ2 2025−$5.5MQ3 2025−$17.3MQ4 2025−$11.0MQ1 2026−$12.3MQ2 2026−$9.3MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$562M+7%-1.4%−$9.3M$46.9M
Q2 202610-QAug 7, 2026$493M-10%-2.1%−$12.3M$39.9M
Q1 202610-QMay 8, 2026$525M-1%-2.0%−$11.0M$29.0M
Q4 202510-KFeb 27, 2026$520M-16%-4.1%−$17.3M$19.0M
Q3 202510-QNov 6, 2025$527M-22%-0.5%−$5.5M$50.5M
Q2 202510-QAug 8, 2025$550M-32%0.5%−$5.0M$53.2M
Q1 202510-QMay 9, 2025$532M-38%-7.6%−$33.9M$22.2M

Charts

Alpha Metallurgical Resources: revenue growth, year over year and quarter over quarterAlpha Metallurgical Resources: revenue growth, year over year and quarter over quarterY/YQ/Q-38%Q1 2025-32%+3%Q2 2025-22%-4%Q3 2025-16%-1%Q4 2025-1%+1%Q1 2026-10%-6%Q2 2026+7%+14%Q3 2026
Latest (Q3 2026): Y/Y +7%, Q/Q +14%.
Alpha Metallurgical Resources: where the cash came from (+) and went (−), TTM to Q3 2026Alpha Metallurgical Resources: where the cash came from (+) and went (−), TTM to Q3 2026Capital spending−$149MOperating cash flow$135MCash drawn (+) / kept (−)$71.0MOther financing−$62.3MOther investing$6.8MNet borrowing (+) / repaid (−)−$1.7M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Alpha Metallurgical Resources: profit against cash, quarter by quarterAlpha Metallurgical Resources: profit against cash, quarter by quarterNet incomeOperating cash flow−$2.1M$56.3MQ4 2024−$33.9M$22.2MQ1 2025−$5.0M$53.2MQ2 2025−$5.5M$50.5MQ3 2025−$17.3M$19.0MQ4 2025−$11.0M$29.0MQ1 2026−$12.3M$39.9MQ2 2026−$9.3M$46.9MQ3 2026
Latest (Q3 2026): Net income −$9.3M, Operating cash flow $46.9M.
Alpha Metallurgical Resources: diluted shares by fiscal yearAlpha Metallurgical Resources: diluted shares by fiscal year18MFY202019MFY202118MFY202215MFY202313MFY202413MFY2025
-29.0% since FY2020: buybacks shrank the count.
Alpha Metallurgical Resources in its industry: growth against margin (5 companies, SIC 1221)Alpha Metallurgical Resources in its industry: growth against margin (5 companies, SIC 1221)revenue growth, year over year →↑ operating marginmedian +6%median 12%BTUARLPNCNRPAMR (+7%, -1%)
Bituminous Coal & Lignite Surface Mining; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Alpha Metallurgical Resources

Unless otherwise indicated or the context otherwise requires, references in this “Item 1. Business” section to “the combined company,” “we,” “us” and other similar terms refer to Alpha Metallurgical Resources, Inc. and its consolidated subsidiaries (previously Contura Energy, Inc. and its consolidated subsidiaries). Certain terms that are used throughout this Annual Report on Form 10-K but not otherwise defined are defined under the "Glossary" herein. Disclosures in this “Item 1. Business” section should be read in conjunction with “Item 1A. Risk Factors” for further discussion of factors impacting our business.

In its own words, from its 10-K, filed Feb 27, 2026.

Alpha Metallurgical Resources against its Bituminous Coal & Lignite Surface Mining peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +6%. Operating margin: -1.4% against the peers' median 11.5%.

CompanyQuarterRevenueY/YOp. margin
AMR Alpha Metallurgical ResourcesQ3 2026$562M+7%-1.4%
BTU Peabody EnergyQ3 2026$1.1B+8%-3.9%
ARLP Alliance Resource Partners LPQ3 2026$603M+6%24.5%
NC Nacco IndustriesQ3 2026$80.5M+5%11.5%
NRP Natural Resource Partners LPQ1 2025$51.3M-22%83.7%

Source: Alpha Metallurgical Resources 10-Q on SEC EDGAR · CIK 1704715 · Bituminous Coal & Lignite Surface Mining

Guidance and outlook

Alpha Metallurgical Resources: what its forward-looking statements are about (10-Q filed 2026-11-06)Alpha Metallurgical Resources: what its forward-looking statements are about (10-Q filed 2026-11-06)Other8Supply chain2Demand1Deals1Capital spending1Financing1Costs1
15 statements; tone +0.00 (−1 all cautious, +1 all confident); 3 hedged.
Alpha Metallurgical Resources: outlook statements against the filing beforeAlpha Metallurgical Resources: outlook statements against the filing beforeConfident2Cautious2

13F: who owns AMR and who is buying

Largest holders of AMR (13F)Largest holders of AMR (13F)BlackRock$299MVanguard Group$233MState Street$161MDimensional Fund Advisors LP$123MContinental General Insurance$106MVanguard Portfolio Management LLC$99.4MGendell Jeffrey L$99.2MGoehring & Rozencwajg Associates,…$93.1MRenaissance Technologies LLC$90.8MDalal Street, LLC$85.3M
Funds' net buying of AMR by quarter (13F)Funds' net buying of AMR by quarter (13F)−$30.0M2024-09−$9.4M2024-12−$49.4M2025-03$74.1M2025-06$63.5M2025-09−$172M2025-12$21.2M2026-03−$20.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on AMR

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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