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FOR IMMEDIATE RELEASE ● ● Alpha Announces Third Quarter 2021 Results Reports net income from continuing operations of $ 83.7 million for the third quarter 2021 Posts Adjusted EBITDA of $ 148.2 million for the third quarter 2021 Nearly triples Met segment gross margin per ton quarter over quarter Increases Met realizations by 134 % quarter over quarter on export tons tied to Australian indices Proactively reduces long - term debt and legacy obligations by over $ 75 million in third quarter , including early prepayments and repurchases Introduces guidance for 2022 BRISTOL , Tenn . , November 5 , 2021 - Alpha Metallurgical Resources , Inc. ( NYSE : AMR ) , a leading U.S. supplier of metallurgical products for the steel industry , today reported results for the third quarter ending September 30 , 2021 . Net income ( loss ) ( ² ) Net income ( loss ) per diluted share Adjusted EBITDA ( ¹ ) 1 . A Operating cash flow ( 3 ) Capital expenditures ( 3 ) Tons of coal sold ( 2 ) Sept. 30 , 2021 $ 83.7 $ 4.43 $ 148.2 $ 96.0 $ ( 22.3 ) 4.7 INVESTOR CONTACT : ALEX ROTONEN Investor Relations@AlphaMetResources.com ( 423 ) 956-6882 ( millions , except per share ) Three months ended June 30 , 2021 $ ( 18.6 ) $ ( 1.01 ) $ 39.9 $ ( 6.3 ) $ ( 17.6 ) 4.0 Sept. 30 , 2020 $ ( 68.5 ) $ ( 3.74 ) $ 12.4 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 . $ ( 5.9 ) $ ( 27.8 ) 4.0 " We have consistently reiterated that Alpha is well - positioned to capitalize on market opportunities and this quarter's outstanding performance is proof of our ability to deliver on MEDIA CONTACT : EMILY O'QUINN Corporate Communications@AlphaMetResources.com ( 423 ) 573-0369