(millions)

Three months ended

Sept. 30, 2024

Met Segment

$669.8

Met Segment (excl. freight & handling)⁽¹⁾

$550.7

Tons Sold

(millions)

Three months ended

Sept. 30, 2024

Met Segment

4.1

^1.

Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

(per ton)

Three months ended

Sept. 30, 2024

Met Segment

$132.76

^1.

Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

(in millions, except per ton data)

Met Segment Sales

Three months ended Sept. 30, 2024

Tons Sold

Coal Revenues

Realization/ton⁽¹⁾

% of Met Tons
Sold

Export - Other Pricing Mechanisms

1.9

$241.0

$129.31

48 %

Domestic

0.9

$145.9

$160.35

23 %

Export - Australian Indexed

1.1

$144.8

$128.61

29 %

Total Met Coal Revenues

3.9

$531.8

$136.35

100 %

Thermal Coal Revenues

0.2

$18.9

$76.33

Total Met Segment Coal Revenues (excl. freight & handling)⁽¹⁾

4.1

$550.7

$132.76

^1.

Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

in millions of tons

Low

High

Metallurgical

15.5

16.5

Thermal

0.9

1.3

Met Segment - Total Shipments

16.4

17.8

Costs per ton¹

Low

High

Met Segment

$110.00

$116.00

In millions (except taxes)

Low

High

SG&A²

$60

$66

Idle Operations Expense

$25

$33

Net Cash Interest Income

$10

$14

DD&A

$160

$180

Capital Expenditures

$210

$240

Capital Contributions to Equity Affiliates³

$32

$42

Tax Rate

5 %

10 %

Notes:   

1.

Note: The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP cost of coal sales per ton sold financial measures to the most directly comparable GAAP measures without unreasonable efforts due to the inherent difficulty in forecasting and quantifying with reasonable accuracy significant items required for the reconciliation. The most directly comparable GAAP measure, GAAP cost of sales, is not accessible without unreasonable efforts on a forward-looking basis. The reconciling items include freight and handling costs, which are a component of GAAP cost of sales. Management is unable to predict without unreasonable efforts freight and handling costs due to uncertainty as to the end market and FOB point for uncommitted sales volumes and the final shipping point for export shipments. These amounts have varied historically and may continue to vary significantly from quarter to quarter and material changes to these items could have a significant effect on our future GAAP results.

2.

Excludes expenses related to non-cash stock compensation and non-recurring expenses.

3.

Includes contributions to fund normal operations at our DTA export facility and expected capital investments related to the facility upgrades.

ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES

RESULTS OF OPERATIONS

(In thousands, except for per ton data)

Three Months Ended
September 30, 2024

Coal revenues - Met

$                         669,783

Less: Freight and handling fulfillment revenues

(119,093)

Non-GAAP Coal revenues - Met

$                         550,690

Tons sold - Met

4,148

Non-GAAP Coal sales realization per ton - Met

$                           132.76

Three Months Ended September 30, 2024

(In thousands, except for per ton data)

Tons Sold

Coal Revenues

Non-GAAP
Coal sales
realization
per ton

% of Met Tons
Sold

Export - other pricing mechanisms

1,864

$       241,027

$         129.31

48 %

Domestic

910

145,922

$         160.35

23 %

Export - Australian indexed

1,126

144,810

$         128.61

29 %

Total Met segment - met coal

3,900

531,759

$         136.35

100 %

Met segment - thermal coal

248

18,931

$           76.33

Non-GAAP Coal revenues

4,148

550,690

$         132.76

Add: Freight and handling fulfillment revenues

—

119,093

Coal revenues

4,148

$       669,783