AMR · Alpha Metallurgical Resources
Alpha Metallurgical Resources in 2022: coal earnings and buybacks
2022 · +150% in the calendar year
For scale: buying every US stock breakout from 2018 to 2026 with no selection returned a median −22.6% a year later, measured on the 14,674 with a full twelve months of data. How it was measured
Alpha Metallurgical Resources, a producer of steelmaking coal, began 2022 with 18.4 million shares outstanding and $453.6 million of debt. It had earned $13.45 a share in the fourth quarter of 2021. After Russia's invasion of Ukraine, quarterly results rose further. First-quarter revenue was $1.07 billion and earnings $20.52 a share. In the second quarter revenue reached $1.34 billion and earnings $29.97 a share.
The company spent $521.8 million on buybacks in 2022, cutting the share count to 15.17 million, and total debt was down to $4.7 million by June. A quarterly dividend of $0.375 began in June 2022, and a special dividend of $5.418 a share followed in December. The stock's return was +150% in calendar 2022. Quarterly earnings then fell back, to $13.37 a share in the fourth quarter of 2022 and $6.65 in the third quarter of 2023; with buybacks continuing, the share count was 12.99 million at the end of 2023.
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Sources: stockanalysis.com, AMR quarterly income statements · stockanalysis.com, AMR quarterly cash flow · stockanalysis.com, AMR quarterly balance sheet · stockanalysis.com, AMR dividend history. Price figures are split-adjusted, not dividend-adjusted.
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