Alpha Metallurgical Resources (AMR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Alpha Metallurgical Resources published the results on November 6, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Alpha's release compares the quarter mainly with Q2 2026. Year-over-year comparisons on this page come from the Form 10-Q.
• Alpha also filed a preliminary release for the quarter on October 23, 2026; the figures here are from the full results released November 6, 2026.

Source: Alpha Metallurgical Resources Q3 2026 results, November 6, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Alpha Metallurgical Resources splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Alpha Metallurgical Resources's Export met coal revenue was $397 million in Q3 2026, up 8% from $368 million in Q3 2025, 71% of total revenue.
• Alpha Metallurgical Resources's Export thermal coal revenue was $18.8 million in Q3 2026, up 63% from $11.5 million in Q3 2025, 3% of total revenue.
• Alpha Metallurgical Resources's Domestic met coal revenue was $137 million in Q3 2026, up 2% from $134 million in Q3 2025, 24% of total revenue.
• Alpha Metallurgical Resources's Domestic thermal coal revenue was $7.8 million in Q3 2026, down 37% from $12.3 million in Q3 2025, 1% of total revenue.
• Alpha Metallurgical Resources's Other revenues revenue was $1.7 million in Q3 2026, up 6% from $1.6 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Alpha's outlook is operational: shipments, cost per ton, overheads and capital spending. It gives no revenue or EPS guidance.

In its Q3 2026 release, Alpha Metallurgical Resources said:

“For sales volumes, Alpha expects to ship between 13.1 million and 14.1 million metallurgical tons, as well as another 1.2 million to 1.6 million tons of incidental thermal coal, bringing total 2027 shipment expectations to a range of 14.3 million to 15.7 million tons for the year.”

“Alpha projects 2027 cost of coal sales of between $104.00 and $110.00 per ton.”

“The company expects capital expenditures, including carryover, development and maintenance capital, in the range of $145 million to $165 million.”

“Alpha has committed approximately 3.5 million tons of metallurgical coal to domestic customers for shipment in the 2027 calendar year at an average price of $135.48 per ton.”

Source: Alpha Q3 2026 release, Nov 6, 2026.

This is the company's own guidance as of Nov 6, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AMR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Alpha Metallurgical Resources's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 6, 2026

Alpha Metallurgical Resources reported Q3 2026 total revenues of $562.2 million, up 6.7% from $526.8 million, almost all of it coal revenues of $560.6 million. Alpha mainly produces metallurgical coal for steel and coke producers from mines in Virginia and West Virginia; thermal coal comes out as a byproduct. Met coal revenues were $534.0 million and thermal coal revenues $26.6 million. (Alpha Q3 2026 release, Nov 6, 2026; Alpha Form 10-Q, Q3 2026, Nov 6, 2026; Alpha Form 10-K, 2025, Feb 27, 2026)

Alpha sells mostly abroad. Export coal revenues were $415.9 million, or 74% of coal revenues, against 72% a year earlier, and India was the only country above 10% of total revenues. Alpha's top customer was 12% of total revenues and its top 10 customers 78%, with three customers each above 10%. (Alpha Form 10-Q, Q3 2026, Nov 6, 2026)

Pricing differs by market. In the quarter, domestic met coal realized $136.17 per ton, export coal priced off Australian indexes $150.46, and export coal on other pricing mechanisms $107.03, which was 51% of met tons sold. Domestic sales are usually on contracts of a year or longer with fixed prices; export sales are spot, short-term or index-priced. (Alpha Q3 2026 release, Nov 6, 2026; Alpha Form 10-Q, Q3 2026, Nov 6, 2026)

Alpha said coal revenues rose because average realization climbed 5.0% as sales shifted toward higher-quality coal with stronger pricing, and because volumes rose 1.6% to 3,915 thousand tons. Some of that volume was timing: a planned equipment outage at the Dominion Terminal Associates export terminal in June pushed shipments into the third quarter. (Alpha Form 10-Q, Q3 2026, Nov 6, 2026)

Alpha Metallurgical Resources lost $0.73 per diluted share in Q3 2026, against a loss of $0.42 a year earlier, on a net loss of $9.3 million. Alpha reports no adjusted EPS; its headline non-GAAP measure is Adjusted EBITDA, which was $29.4 million against $41.7 million a year earlier. (Alpha Q3 2026 release, Nov 6, 2026)

Alpha's non-GAAP cost of coal sales rose 9.9% to $106.93 per ton from $97.27, which Alpha put down to labor and benefits, supply cost inflation tied partly to trade policies and conflicts in Europe and the Middle East, and higher royalties and taxes, partly offset by the Section 45X tax credit. Non-GAAP coal margin fell to $14.16 per ton from $17.68. (Alpha Form 10-Q, Q3 2026, Nov 6, 2026)

Alpha's share count keeps falling with buybacks. Diluted weighted average shares were 12,683,945, against 13,015,413 a year earlier. Under its $1.5 billion program Alpha had bought back approximately 7.1 million shares for approximately $1.2 billion as of October 31, 2026. The quarter's income tax benefit of $5.7 million reflected an effective rate of 37.9%. (Alpha Q3 2026 release, Nov 6, 2026; Alpha Form 10-Q, Q3 2026, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Alpha Metallurgical Resources gives operational guidance, not revenue or EPS guidance. For 2027 it expects to ship 13.1 million to 14.1 million metallurgical tons plus 1.2 million to 1.6 million tons of thermal coal, at a cost of coal sales of $104.00 to $110.00 per ton, with capital expenditures of $145 million to $165 million. (Alpha Q3 2026 release, Nov 6, 2026)

Alpha has committed approximately 3.5 million tons to domestic customers for 2027 at an average price of $135.48 per ton. For 2026, as of October 29, 2026, it had committed and priced approximately 87% of its metallurgical coal at an average of $126.69 per ton. (Alpha Q3 2026 release, Nov 6, 2026)

A consensus figure is the average of the models published by the analysts who cover Alpha Metallurgical Resources, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Alpha Metallurgical Resources's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AMR is on is AMR a buy or a sell?, what analysts expect next is on the AMR forecast, and what the company does is on the Alpha Metallurgical Resources (AMR) stock page.

Every number on this page can be traced to a document Alpha Metallurgical Resources published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.