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FOR IMMEDIATE RELEASE A • • • Alpha Announces First Quarter 2021 Results Reports net loss from continuing operations of $ 32.7 million for the first quarter 2021 Posts Adjusted EBITDA of $ 28.9 million for the first quarter 2021 Continues strong cost management across all operating segments Expects significant reduction in minimum required pension contributions through 2025 Reiterates 2021 operating guidance BRISTOL , Tenn . , May 10 , 2021 - Alpha Metallurgical Resources , Inc. ( NYSE : AMR ) , a leading U.S. supplier of metallurgical products for the steel industry , today reported results for the first quarter ending March 31 , 2021 . Net loss ( 2 ) Net loss ( 2 ) per diluted share Adjusted EBITDA ( ¹ ) Operating cash flow ( 3 ) Capital expenditures ( 3 ) Tons of coal sold ( 2 ) ( millions , except per share ) Three months ended Mar. 31 , 2021 Dec. 31 , 2020 Mar. 31 , 2020 $ ( 32.7 ) $ ( 55.1 ) $ ( 36.2 ) $ ( 1.78 ) $ ( 3.00 ) $ ( 1.98 ) $ 28.9 $ 7.4 $ 56.5 $ ( 19.1 ) $ 56.2 $ ( 0.1 ) $ ( 20.4 ) $ ( 35.1 ) $ ( 49.6 ) 4.1 3.7 3.9 1. These are non - GAAP financial measures . A reconciliation of Net Income to Adjusted EBITDA is included in tables accompanying the financial schedules . 2. From continuing operations . 3. Includes discontinued operations . " Our first quarter results demonstrate our continued commitment to cost management and focus on fundamental operations performance , " said David Stetson , Alpha's chair and chief executive officer . " Despite pricing headwinds from the Australian indices that limited our total realizations for the quarter , Alpha's volumes were very strong and we remain cautiously optimistic about improved market conditions going into the second half of 2021. " INVESTOR CONTACT : ALEX ROTONEN Investor Relations@AlphaMetResources.com ( 423 ) 956-6882 MEDIA CONTACT : EMILY O'QUINN CorporateCommunications @ AlphaMet Resources.com ( 423 ) 573-0369