Alpha Metallurgical Resources, Inc.

For the three months ended March 31, 2026, the Company recorded income tax benefit of $5,326 on loss before income taxes of $16,358. The income tax benefit differs from the expected statutory amount primarily due to the permanent impact of the Section 45X tax credit, permanent impact of percentage depletion, and state income taxes, net of federal impact, partially offset by non-deductible compensation. 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.