Added to YB: 2026-07-29
Pitch date: 2026-07-27
AMR [bullish]
Alpha Metallurgical Resources, Inc.
Author Info
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Company Info
Alpha Metallurgical Resources, Inc., a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia.
Market Cap
$1.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.75
P/E
-47.63
EV/Sales
0.69
Sector
Metals and Mining
Category
value
Alpha Metallurgical Resources (AMR) – nobody wants to own coal. That’s the entire opportunity.
AMR: Largest US met coal producer (~20% share) at ~$1.8B mkt cap. Depressed low-vol/high-vol spread on stale Platts indices creating temporary pricing headwind; underperformed HCC ~23% in 6mo. Est ~$350M mid-cycle FCF (19% yield) all to buybacks (~19%/yr share reduction). 15%+ insider own w/ buying. Windfall optionality: $1.3B FCF in 2022. Downside: modest FCF burn, near-zero net debt. Bad year=bored, supply shock=lottery.
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