Alpha Metallurgical Reports Rough Q2 and Cuts Full-Year Shipment Range
Alpha Metallurgical Resources reported a weaker second-quarter on its earnings call but maintained financial footing. Met coal cost of sales fell while thermal realizations rose, yet full-year shipment guidance was cut to 14.2–15.4 million tons after a storm damaged a stacker reclaimer at the DTA export terminal. Cost guidance increased on higher diesel and supply costs linked to the Iran war.