Alpha Metallurgical Resources Inc

For the three months ended March 31, 2025, the Company recorded income tax benefit of $11,437 on loss before income taxes of $45,384. The income tax benefit differs from the expected statutory amount primarily due to the change in valuation allowance, the permanent impact of percentage depletion, and stock compensation, partially offset by the impact of capital loss carryforward expirations and non-deductible compensation. For the three months ended March 31, 2024, the Company recorded income tax expense of $14,165 on income before income taxes of $141,160. The income tax expense differs from the expected statutory amount primarily due to the permanent impact of percentage depletion, foreign-derived intangible income deductions, and stock compensation, partially offset by the impact of non-deductible compensation and state income taxes, net of federal impact.