[SMM Flash News] Alpha Metallurgical Cuts 2026 Coal Sales Guidance Amid Weak Market
Alpha Metallurgical Resources reported a preliminary net loss of US$12.3 million, or US$0.96 per diluted share, for the second quarter of 2026, citing weak metallurgical coal market conditions and terminal equipment damage. The company lowered its full-year 2026 metallurgical coal sales guidance to 14.2–15.4 million tons and raised its cost outlook. Despite weaker market conditions, Alpha continued its capital return program, repurchasing more than 7.03 million shares for approximately US$1.17 billion since March 2022.