Alpha Metallurgical Resources (NYSE:AMR) First Quarter 2024 Results

Key Financial Results

• Revenue: US$864.1m (down 5.2% from 1Q 2023).

• Net income: US$127.0m (down 53% from 1Q 2023).

• Profit margin: 15% (down from 30% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.

• EPS: US$9.77 (down from US$17.74 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alpha Metallurgical Resources Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is expected to decline by 6.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the US are expected to grow by 4.9%.

Performance of the American Metals and Mining industry.

The company's shares are down 14% from a week ago.

Risk Analysis

Be aware that Alpha Metallurgical Resources is showing 3 warning signs in our investment analysis and 1 of those is a bit concerning...

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