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Alpha Metallurgical Resources Inc

For the period ended Mar 31, 2024. Filed May 6, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 6, 2024

AMR$155.15+4.9%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)
☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-38735

ALPHA METALLURGICAL RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Delaware81-3015061
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)
340 Martin Luther King Jr. Blvd.
Bristol, Tennessee 37620
(Address of principal executive offices, zip code)
(423) 573-0300
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockAMRNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes ¨ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Sec.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). x Yes ¨ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yesx No

Number of shares of the registrant’s Common Stock, $0.01 par value, outstanding as of April 30, 2024:13,007,215

TABLE OF CONTENTS
Cautionary Note Regarding Forward-Looking Statements4
Part I - Financial Information
Item 1.Financial Statements
Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and March 31, 2023 (Unaudited)6
Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2024 and March 31, 2023 (Unaudited)7
Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 (Unaudited)8
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and March 31, 2023 (Unaudited)9
Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2024 and March 31, 2023 (Unaudited)11
Notes to Condensed Consolidated Financial Statements (Unaudited)12
(1) Business and Basis of Presentation12
(2) Revenue12
(3) Accumulated Other Comprehensive Loss13
(4) Net Income Per Share14
(5) Inventories, net14
(6) Capital Stock15
(7) Accrued Expenses and Other Current Liabilities15
(8) Long-Term Debt15
(9) Asset Retirement Obligations16
(10) Fair Value of Financial Instruments and Fair Value Measurements16
(11) Income Taxes17
(12) Employee Benefit Plans17
(13) Related Party Transactions18
(14) Commitments and Contingencies18
(15) Segment Information20
Glossary23
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations25
Results of Operations27
Liquidity and Capital Resources31
Critical Accounting Policies and Estimates35
Item 3.Quantitative and Qualitative Disclosures about Market Risk36
Item 4.Controls and Procedures36
Part II - Other Information
Item 1.Legal Proceedings37
Item 1A.Risk Factors37
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds37
Item 4.Mine Safety Disclosures38
Item 5.Other Information38
Item 6.Exhibits38
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.