Alpha Metallurgical Resources Posts Narrower Loss In Q2 - Quick Facts

(RTTNews) - Alpha Metallurgical Resources, Inc. (AMR) reported a second quarter net loss from continuing operations of $18.6 million, or $1.01 per share, compared to a loss of $81.8 million or $4.47 per share, prior year. Analysts polled by Thomson Reuters expected the company to report a loss per share of $0.84, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA improved to $39.9 million from $7.1 million.

Total revenues increased to $395.28 million from $353.94 million, previous year. Analysts expected revenue of $376.35 million, for the quarter.

The company increased its 2021 operating guidance with coal shipments now expected to be in the range of 15.6 million tons to 17.5 million tons, up from the prior range of 14.8 million to 16.2 million tons.