Short answer
Alpha Metallurgical Resources, Inc. (AMR) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $2.1B (−28.0% year over year) and net income of −$62M.
- Top risk flagged: Regulatory risk from coal export terminal ownership, 65% stake in DTA terminal in Newport News, Virginia, subject to port and environmental regulations
FY2025 key financial metrics · XBRL
- Revenue
- $2.1B
- −28.0% YoY
- Net income
- −$62M
- −132.9% YoY
- Operating margin
- -2.9%
- −10.6 pp YoY
- EPS (diluted)
- −$4.75
- −133.3% YoY
- ROE
- -4.0%
- −15.4 pp YoY
- Operating cash flow
- $145M
- −75.0% YoY
Source: XBRL data from the Alpha Metallurgical Resources, Inc. (AMR) FY2025 10-K on SEC EDGAR. USD.
Alpha Metallurgical Resources, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Ownership and control of marketable proven and probable bituminous coal reserves and resources
- New emphasis on updated coal reserve estimates totaling 294.5 million tons proven and probable, verified by independent engineer Marshall Miller
- Strategic focus on detailed classification of reserves by mining complex, coal quality, and permit status with comprehensive technical reporting
- Notable quantitative metric: Total coal reserves 294.5 million tons; total coal resources 522.6 million tons as of December 31, 2025
- Unique this year: Use of 10-year and 3-year average forecasted pricing for reserve valuation and extensive, property-specific geological and economic analyses incorporated
Management Discussion & Analysis
- Diesel fuel purchase approx. 22.0 million gallons in 2026 at market rates; impacts cost structure
- No borrowings on $225.0 million senior secured credit facility as of Dec 31, 2025 and 2024
- Trading securities investments $83.9M in 2025 vs $43.1M in 2024, mainly short-term U.S. government debt
- Forex risk low as sales in U.S. dollars; potential adverse impact from foreign currency fluctuations on competitiveness
- Interest rate risk managed by short-term debt securities; no material exposure expected in financial statements
Risk Factors
- Regulatory risk from coal export terminal ownership, 65% stake in DTA terminal in Newport News, Virginia, subject to port and environmental regulations
- Geopolitical exposure: 73% of coal revenues from international markets, including Asia and Europe, impacted by tariffs, trade negotiations, and steel demand shifts
- Operational risk: Flooding in Queensland, Australia during Dec 2025-Jan 2026 disrupted supply, causing Australian met coal price volatility affecting global benchmarks
- Competitive risk from U.S. High-Vol. met coal producers increasing output, pressuring prices and causing Alpha to idle multiple mines in 2025
- Financial risk: Long-term debt $9.8M plus $41.3M letters of credit under ABL Facility, liquidity dependent on volatile coal prices and export sales commitments
Generated from the filing text; verify against the original. How to read a 10-K
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