ALPHA METALLURGICAL RESOURCES, INC.
boothcheck covers ALPHA METALLURGICAL RESOURCES, INC. (AMR) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• Six mining complexes in Central Appalachia produced ⟦approximately 13.7 million tons of met coal in 2025⟧ against a reserve base the company puts at ⟦294.5 million tons of proven and probable reserves⟧, of which 282.8 million tons are metallurgical, which is roughly two decades of mine life at current output. • The immediate problem is the cost curve, not the cycle length: first-quarter 2026 realized pricing of $124.39 a ton against cost of coal sales of $107.98 a ton leaves almost nothing be
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252 institutional managers reported holding AMR in 13F filings for the quarter ended 2026-03-31. Together they hold about 88% of the company; the top 10 hold 60%. 37 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 1.7M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (6.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AMR has cut its share count 30.6% over the past five years, spending $1.44B on repurchases. It stopped paying its dividend within the past year. Cash returned over the past three years: $100.96M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AMR over the trailing three years: 2024: 7 buys totaling $4.43M; 2025: 46 buys totaling $34.04M; 2026: 25 buys totaling $12.56M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AMR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +6.1% | +38.8% |
| 2023-11-03 | -1.6% | +67.1% |
| 2024-02-27 | +12.5% | -25.4% |
| 2024-05-07 | -8.5% | +0.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AMR's latest 8-K filings: 2026-08-07 (items 7.01, 9.01); 2026-08-07 (items 2.02, 9.01); 2026-07-27 (items 2.02, 9.01); 2026-06-18 (items 7.01, 9.01); 2026-05-15 (items 1.04).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.