Alta Mesa Resources (AMR) Tops Q1 EPS by $1.48

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Go back to Alta Mesa Resources (AMR) Tops Q1 EPS by $1.48

Alpha Announces First Quarter 2022 Results

May 5, 2022 7:30 AM EDT

Reports first quarter net income from continuing operations of $401.0 million Posts Adjusted EBITDA of $503.8 million for the first quarter 2022 Continues aggressive prepayment of debt, bringing outstanding term loan borrowings to just under $100 million Increases existing share repurchase program authorization to $600 million Announces $1.50 per share annual cash dividend to be paid quarterly Adjusts full-year guidance for metallurgical cost of coal sales per ton and cash interest expense

BRISTOL, Tenn., May 5, 2022 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported results... More