Alpha Reports Q1 Revenue of $523.53M, Below Estimates

Reports Q1 revenue $523.53M, two ests $574.5M. As of March 31 the company had total liquidity of $476.2M including cash and cash equivalents of $317.2M, short-term investments of $49.6M, and $184.3M of unused availability under the asset-based revolving credit facility, partially offset by a minimum required liquidity of $75.0M as required by the ABL. "As discussed in February on our most recent earnings call, lower volumes and higher costs negatively impacted our Q1 2026 results," said Andy Eidson, Alpha's CEO. "With a planned month-long outage for equipment upgrades at Dominion Terminal Associates, our Q1 shipments were lower than our anticipated quarterly cadence for the balance of the calendar year. Additionally, we expected to incur elevated costs in the first quarter, primarily due to repair and maintenance needs across the portfolio. Elevated supply costs, such as the significant increase in diesel pricing since the start of the year, also contributed to a higher cost of coal sales for the quarter. Despite our prior communication of these anticipated headwinds, consensus expectations for the quarter did not reflect these realities, which is why we are offering today's preliminary results ahead of our definitive earnings disclosures in early May. We look forward to providing additional context about our Q1 results and 2026 expectations at that time."