TacticScaleWhat Alpha Metallurgical Resources Does & How It Makes Money (AMR)
Updated October 2026 · reflects Alpha Metallurgical Resources's latest reported financials
US miner of metallurgical coal used in steelmaking. The company mines, washes and processes coal at its own mines and preparation plants, then earns revenue by selling met coal and thermal coal to customers.
How Alpha Metallurgical Resources makes money
The company mines, washes and processes coal at its own mines and preparation plants, then earns revenue by selling met coal and thermal coal to customers.
What Alpha Metallurgical Resources does
Alpha Metallurgical Resources is a coal miner focused on metallurgical coal, the type used to make coke for steel production. It runs nineteen active mines and eight active coal preparation and load-out facilities in Virginia and West Virginia, and it also sells some thermal coal. The company is headquartered in Bristol, Tennessee. The company was incorporated in 2016 as Contura Energy and renamed Alpha Metallurgical Resources in February 2021. The new name reflects its focus on met coal. Because its revenue comes from selling coal, its results depend closely on coal prices and on demand from the steel industry.
Products & services
- Metallurgical (met) coal
- Thermal coal
- Coal preparation and processing
- Coal load-out services
What is Alpha Metallurgical Resources worth?
On an owner-earnings DCF, Alpha Metallurgical Resources's most-likely value is about $79 versus a recent price near $182 (56% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$59) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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