Published on 6 May 2024 on GuruFocus.com via Yahoo Finance
Alpha Metallurgical Resources Inc. Reports Q1 2024 Earnings, Misses Analyst EPS Forecasts
Net Income: Reported at $127.0 million for Q1 2024, falling short of the estimated $144.50 million.Earnings Per Share (EPS): Achieved $9.59, below the estimated $10.83.Revenue: Met segment revenue reached $861.3 million, surpassing the overall estimated revenue of $845.35 million.Adjusted EBITDA: Recorded at $189.6 million, indicating operational profitability.Operating Cash Flow: Slightly decreased to $196.1 million from $199.4 million in the previous quarter.Capital Expenditures: Increased to $63.6 million, up from $61.5 million in Q4 2023.Coal Sales Realization: Per ton price in the Met segment was $166.68, reflecting current market conditions.
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