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Mines metallurgical (coking) coal in Central Appalachia, primarily for export to global steelmakers.
Mines metallurgical (coking) coal in Central Appalachia, primarily for export to global steelmakers.
Sells coal to steelmakers under a mix of fixed-price and index-linked contracts, so earnings depend on how much of its output is committed in advance and on the index price for the rest, as well as on rail and port logistics. It was formed from the 2018 merger of Contura Energy with Alpha Natural Resources' assets and took its current name in 2021.
Moat: narrow (scale, installed base). Large Appalachian metallurgical coal reserve base with export logistics, but a commodity subject to global steel demand.
Headquarters: Bristol, Virginia, US · Founded: 2018 · Employees: 3,960
Size Alpha Metallurgical Resources (AMR) is a United States Energy company (Coal) with a market value of $1.87B, the 1841st largest of 3,117 United States companies the cockpit tracks. Shares closed at $147.93 on 6 Nov 2026.
Performance Over six months the shares fell 19.6%, against -9.4% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 12.9% over the last twelve months (peer median +4.2%); the operating margin is -2.2% (peer median 7.3%).
Valuation It trades at 22.5× forward earnings against a peer median of 14.4× (3rd most expensive of 18).
Capital Return on invested capital runs 11.9 points below its cost of capital (8.9% WACC).
Backlog Backlog (remaining performance obligations) was $99.8M at 30 Sep 2026, up 93% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 10.6% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.07B | $2.13B | $2.96B | $3.47B | $4.10B |
| Revenue growth | — | -28% | -15% | -15% | — |
| Gross profit | $19.2M | $2.71M | $307M | $944M | $1.66B |
| EBITDA | $143M | $141M | $427M | $1.03B | $1.74B |
| Net income | -$46.1M | -$61.7M | $188M | $722M | $1.45B |
| Free cash flow | -$1.45M | $17.8M | $381M | $634M | $1.34B |
| Capital expenditure | $140M | $127M | $199M | $245M | $164M |
| Total debt | $11.4M | $18.8M | $9.35M | $14.4M | $43.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alpha Metallurgical Resources AMR | $1.87B | -20% | -13% | -2% | 22.5× | n/a |
| Warrior Met Coal HCC | $4.44B | -2% | +37% | 14% | 8.6× | n/a |
| Core Natural Resources CNR | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% |
| Ramaco Resources METC | $366M | -58% | -6% | -14% | n/a | n/a |
| Peabody Energy BTU | $1.95B | -32% | +3% | -4% | 6.3× | n/a |
| Whitehaven Coal WHC.AX | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.1% | -9.5% | 7th lowest of 21 |
| 6-month return | -19.6% | -9.4% | 4th lowest of 21 |
| Distance from 52-week high | -41.7% | -26.6% | 4th lowest of 21 |
| Revenue growth (TTM) | -12.9% | +4.2% | lowest of 21 |
| Operating margin | -2.2% | 7.3% | 5th lowest of 21 |
| Forward P/E | 22.5× | 14.4× | 3rd most expensive of 18 |
| ROIC minus cost of capital | -11.9 pp | +0.6 pp | lowest of 21 |
| EV / EBITDA | 10.8× | 6.1× | most expensive of 9 |
| Net debt / EBITDA | -2.3× | 0.0× | 2nd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 20% | 10.4× | -17.3% | +4.8% |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 15% | 21.9× | n/a | n/a |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | n/a | -8.1% | +9.4% |
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | 0% | 21.5× | -9.9% | +60.7% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 7% | 15.1× | 4.3% | +14.1% |
| Shanxi Coking 600740.SS | China | $1.34B | -19% | 0% | -15% | 14.6× | 13.3% | -2.7% |
| Shanxi Lanhua Sci-Tech Venture 600123.SS | China | $1.34B | -14% | +8% | 1% | 31.1× | n/a | n/a |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 4% | 12.0× | -9.3% | +0.1% |
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 3% | 22.2× | -10.2% | +1.6% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -2% | 26.9× | n/a | n/a |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% | +10.6% |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% | -10.0% |
Alpha Metallurgical Resources reported $99.8M of remaining performance obligations at 30 Sep 2026, up 93% from a year earlier and down 20% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.96.