Earnings release
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FOR IMMEDIATE RELEASE A • • • • • . Alpha Announces Second Quarter 2021 Results Reports net loss from continuing operations of $ 18.6 million for the second quarter 2021 Posts Adjusted EBITDA of $ 39.9 million for the second quarter 2021 Continues strong cost management across the enterprise Strengthens realizations for Atlantic - priced Met business in the quarter Accelerates payment to retire certain LCC restructuring - related obligations ahead of schedule Increases 2021 production guidance ; adjusts SG & A and CapEx guidance BRISTOL , Tenn . , August 6 , 2021 - Alpha Metallurgical Resources , Inc. ( NYSE : AMR ) , a leading U.S. supplier of metallurgical products for the steel industry , today reported results for the second quarter ending June 30 , 2021 . ( millions , except per share ) Three months ended June 30 , 2021 Mar. 31 , 2021 June 30 , 2020 Net loss ( 2 ) Net loss ( 2 ) $ ( 18.6 ) $ ( 32.7 ) $ ( 81.7 ) per diluted share $ ( 1.01 ) $ ( 1.78 ) $ ( 4.47 ) Adjusted EBITDA ( ¹ ) $ 39.9 $ 28.9 $ 7.1 Operating cash flow ( 3 ) $ ( 6.3 ) $ ( 19.1 ) $ 79.0 Capital expenditures ( 3 ) $ ( 17.6 ) $ ( 20.4 ) $ ( 41.5 ) Tons of coal sold ( 2 ) 4.0 4.1 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 . " This has been a very challenging year for the coal industry , whether dealing with the pandemic or navigating the disruption of the coal supply resulting from the dispute between Australia and China ; however , our team at Alpha stayed focused and disciplined . While we didn't have any greater insights or vision into the markets than others as we started the year , we believed that if we continued our efforts to modernize our coal operations with newer and more efficient mines , INVESTOR CONTACT : ALEX ROTONEN Investor Relations@AlphaMetResources.com ( 423 ) 956-6882 MEDIA CONTACT : EMILY O'QUINN CorporateCommunications @ AlphaMet Resources.com ( 423 ) 573-0369