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How Alpha Metallurgical Resources (AMR) makes money

Alpha Metallurgical Resources (AMR) made $561M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Coal, Met brought in $534M (95%); Coal, Thermal brought in $26.6M (5%).

Drawing the Sankey…

Alpha Metallurgical Resources revenue by segment, Q3 2026Alpha Metallurgical Resources revenue by segment, Q3 2026Coal, Met$534MCoal, Thermal$26.6M
Alpha Metallurgical Resources: revenue by line, Q1 2026 to Q3 2026Alpha Metallurgical Resources: revenue by line, Q1 2026 to Q3 2026Coal, MetCoal, ThermalCoal, Met: $534M latest$534MCoal, Thermal: $26.6M latestQ1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2026 and Q3 2026.
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: where each dollar of revenue goesAlpha Metallurgical Resources: where each dollar of revenue goesOperating cash flow8¢Free cash flow2¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Coal, Met$534M95.3%+18%+6%
Coal, Thermal$26.6M4.7%-30%+12%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$561M100.0%
Operating cash flow$46.9M8.4%
Free cash flow$13.1M2.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$562M+7%
Q2 2026$493M-10%
Q1 2026$525M-1%
Q4 2025$520M-16%
Q3 2025$527M-22%
Q2 2025$550M-32%
Q1 2025$532M-38%

From Alpha Metallurgical Resources' 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Alpha Metallurgical Resources make money?

Alpha Metallurgical Resources (AMR) made $561M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Coal, Met brought in $534M (95%); Coal, Thermal brought in $26.6M (5%).

What is Alpha Metallurgical Resources' biggest business?

Coal, Met: $534M in the third quarter 2026, 95% of revenue, +6% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.