Alpha Metallurgical Resources, Inc. (AMR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Alpha Metallurgical Resources Second Quarter 2025 Results Conference Call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. I will now turn the conference over to your host, Emily O'Quinn, Senior Vice President of Investor Relations and Communications. You may now begin. Thank you, Rob, and good morning, everyone. Before we get started, let me remind you that during our prepared remarks, our comments regarding anticipated business and financial performance contain forward-looking statements, and actual results may differ materially from those discussed. For more information regarding forward-looking statements and some of the factors that can affect them, please refer to the company's Second Quarter 2025 earnings release and the associated SEC filing. Please also see these documents for information about our use of non-GAAP measures and their reconciliation to GAAP measures. Participating on the call today are Alpha's Chief Executive Officer, Andy Edson, and our President and Chief Operating Officer, Jason Whitehead. Also participating on the call are Todd Muncie, our Chief Financial Officer, and Dan Horn, our Chief Commercial Officer. With that, I will turn the call over to Andy. Thanks, Emily, and good morning, everyone. Today we announced our Second Quarter financial results, which include adjusted EBITDA of $46.1 million and 3.9 million tons shipped in the quarter. In spite of the difficult market backdrop, the team executed at a world-class level, particularly from an operating cost perspective. We achieved significant -over-quarter improvement in coal sales, bringing our costs down by more than $10 per ton as co...