Alpha Metallurgical Resources: A Diamond Among Coals
Summary:
- Alpha generated a total of $49 million during 3Q2024.
- The company currently focuses on the extraction of metallurgical coal, which is mainly exported. Only 29% of production is destined for the US, the remaining 71% is exported to various.
- When we analyze what happened in 3Q2024, we see that the cash generated by Alpha was $189.5 million, higher than the $138.1 million of 2Q2024.
- The company had acquired a total of 6.6 million shares under the latest program for a total value of $1.1 billion.
Alpha Metallurgica Resources (NYSE:AMR) is a mining company engaged in the exploration, exploitation, processing and sale of thermal coal and met coal. The company maintains its production in the states of Virginia and West Virginia. The company
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.