Alpha Metallurgical Resources, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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.
Sep 30, 2025 · Filed Nov 6, 2025
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(12) Employee Benefit Plans
The components of net periodic benefit cost other than the service cost component for black lung are included in the line item Miscellaneous expense, net in the Condensed Consolidated Statements of Operations.
Pension
The following table details the components of the net periodic benefit cost for pension obligations:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Interest cost | $5,814 | $5,939 | $17,440 | $17,754 |
| Expected return on plan assets | (4,918) | (5,230) | (14,754) | (15,685) |
| Amortization of net actuarial loss | 399 | 459 | 1,198 | 1,323 |
| Net periodic benefit cost | $1,295 | $1,168 | $3,884 | $3,392 |
During the nine months ended September 30, 2025, an annual census data actuarial revaluation of pension obligations was performed, which resulted in an increase in the liability for pension obligations of approximately $1,679 with the offset to accumulated other comprehensive loss and a slight increase in net periodic benefit cost to be recognized subsequent to the revaluation date. An annual census data actuarial revaluation of pension obligations was also performed during the nine months ended September 30, 2024, which resulted in an increase in the liability for pension obligations of approximately $12,953 with the offset to accumulated other comprehensive loss and an increase in net periodic benefit cost to be recognized subsequent to the revaluation date.
The Company expects to pay $16,966 in minimum required contributions to the pension plan in 2025.
Black Lung
The following table details the components of the net periodic benefit cost for black lung obligations:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Service cost | $535 | $601 | $1,606 | $1,803 |
| Interest cost | 1,463 | 1,307 | 4,389 | 3,921 |
| Expected return on plan assets | (13) | (13) | (40) | (39) |
| Amortization of net actuarial loss | 1,076 | 721 | 3,228 | 2,163 |
| Net periodic benefit cost | $3,061 | $2,616 | $9,183 | $7,848 |
Defined Contribution and Profit Sharing Plans
During the third quarter of 2025, the Company determined to pay a discretionary employer contribution under the Alpha Metallurgical Resources 401(k) Retirement Savings Plan (the “Plan”) equal to the 2% of the Plan participants’ annual salaries. During the second quarter of 2024, the Company’s matching contributions under the Plan were suspended due to weak market conditions.
The Company’s total contributions to its defined contribution plans for the three months ended September 30, 2025 and 2024 were $6,277 and $136, respectively. The Company’s total contributions to these plans for the nine months ended September 30, 2025 and 2024 were $6,525 and $6,268, respectively.
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