Alpha Reports Third Quarter 2022 Financial Results

• Posts net income from continuing operations of $251.8 million, or $14.21 per diluted share, for the quarter
• Reports third quarter Adjusted EBITDA of $294.9 million
• Generates quarterly operating cash flow of $497.0 million
• Announces 4.5 million tons of 2023 domestic sales commitments at an average price of $192.27 per ton
• Announces cumulative $452 million in buybacks through share repurchase program as of October 31, 2022
• Increases share buyback authorization to $1 billion from prior level of $600 million
• Announces one-time, special dividend of $5.00 per share
• Increases quarterly dividend amount to 41.8 cents per share

BRISTOL, Tenn., Nov. 7, 2022 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported results for the third quarter ending September 30, 2022.

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