Filing Flows › Alpha Metallurgical Resources (AMR) › Q4 2025
Alpha Metallurgical Resources (AMR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Alpha Metallurgical Resources (AMR) reported revenue of $520M for the fourth quarter 2025 (Q4 2025), -16% from a year earlier and -1% from the quarter before. Operating margin was -4.1%, net loss $17.3M (3.3% of revenue).
Alpha Metallurgical Resources, Q4 2025: revenue $520M (-16% year over year), operating margin -4.1%, net loss $17.3M, operating cash flow $19.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $520M | -1% | -16% |
| Operating profit | −$21.3M | — | — |
| Net earnings | −$17.3M | — | — |
| Operating cash flow | $19.0M | -62% | -66% |
What changed
Revenue was $520.5M in Q4 2025, down 16% year over year and down 1% from the previous quarter. Coal, Met was the largest line at 96% of revenue.
Operating costs exceeded revenue by $21.3M, an operating margin of -4.1%. Total costs fell 11% while revenue fell 16%. The quarter ended with a net loss of $17.3M, wider than the previous quarter's $5.5M loss.
Operating cash flow was $19.0M (down 66% year over year). Non-cash charges added back $41.9M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $8.8M. Capital expenditures of $29.0M exceeded it, leaving free cash flow of −$10.0M.
Questions
What was Alpha Metallurgical Resources' revenue in the fourth quarter 2025?
Alpha Metallurgical Resources (AMR) reported revenue of $520M for the fourth quarter 2025 (Q4 2025), -16% from a year earlier and -1% from the quarter before.
Was Alpha Metallurgical Resources profitable in the fourth quarter 2025?
Operating loss was $21.3M (-4.1% of revenue) and net loss $17.3M.