8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_______________

FORM 8-K

 CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): June 23, 2023

 ALPHA METALLURGICAL RESOURCES, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware

(State or Other Jurisdiction of Incorporation) 

001-38735	81-3015061
(Commission File Number)	(IRS Employer Identification No.)

340 Martin Luther King Jr. Blvd.

Bristol, Tennessee 37620

(Address of Principal Executive Offices, zip code)

(423) 573-0300

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	AMR	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company      ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ 

TABLE OF CONTENTS

Item 7.01 Regulation FD Disclosure.

On June 23, 2023, Alpha Metallurgical Resources, Inc. (the “Company”) issued a press release discussing certain operational updates. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

This Current Report on Form 8-K and the press release attached hereto are being furnished by the Registrant pursuant to Item 7.01, “Regulation FD Disclosure.” In accordance with General Instruction B.2 of Form 8-K, the information contained in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. In addition, this information shall not be deemed incorporated by reference into any of the Registrant’s filings with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits. 

(d) Exhibits

Exhibit 99.1	Press Release dated June 23, 2023
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Alpha Metallurgical Resources, Inc.
Date: June 23, 2023	By:	/s/ J. Todd Munsey
		Name: J. Todd Munsey
		Title: Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	Press Release dated June 23, 2023
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

EX-99.1

FOR IMMEDIATE RELEASE

Alpha Announces Operational Updates

Temporarily Halted Production at the Road Fork 52 Mine and Mechanical Failure at Dominion Terminal Associates Contribute to Delayed Shipments

BRISTOL, Tenn., June 23, 2023 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced two separate operational challenges. While both issues have been substantially resolved, they are expected to delay certain shipments that would have otherwise occurred within the second quarter of 2023.

Due to a ventilation issue likely stemming from a previously mined and worked-out area, the Road Fork 52 mine in Wyoming County, West Virginia temporarily halted production as a safety precaution while the issue was analyzed and addressed. Ventilation adjustments were made, and acceptable air quality levels were reestablished in the mine, which is now back in operation. Currently, the mine is running at roughly one-third capacity and is expected to ramp back towards full capacity in the next several days as technical inspections are performed and system functions are verified. Operations teams coordinated with the applicable regulatory agencies, as required, and no injuries or citations were incurred. The temporary shutdown of production at Road Fork 52 lasted approximately six days, which will result in the delayed shipment of coal to customers who have received force majeure letters notifying them of these circumstances. Alpha expects to be able to make up these delayed tons in the third quarter.

An unrelated issue at the Dominion Terminal Associates (DTA) facility in Newport News, Virginia, in which Alpha has a sixty-five percent ownership interest, has also contributed to an expected delay in Alpha shipments. At DTA, one of the stacker/reclaimer machines experienced a mechanical failure that caused it to be inoperable for a period of approximately three days while it was repaired. This timeframe of inoperability hampered train unloading capability and created related vessel loading delays for roughly 250,000 short tons of Alpha shipments for export customers. These customers have received force majeure letters, and Alpha expects to be able to fulfill these shipments in early July. With the repairs complete and all systems operating as normal, the stacker/reclaimer is now back to full capacity.

“Our teams safely and quickly addressed the separate issues at our Road Fork 52 mine and at DTA, bringing each unfortunate interruption to a positive conclusion in a relatively short period of time,” said Andy Eidson, Alpha’s chief executive officer. “We have been in communication with our customers to explain these circumstances and reiterate our commitment to serving them. Now that we are working back towards full productive capacity at Road Fork 52, we expect to swiftly make up lost time with some extra shifts, and we are already rescheduling vessels at DTA in the early days of July.”

About Alpha Metallurgical Resources

Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com.

Forward-Looking Statements

This press release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha’s control. Forward-looking statements in this press release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this press release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this press release may not occur.

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XML

Cover	Jun. 23, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jun. 23, 2023
Entity Registrant Name	ALPHA METALLURGICAL RESOURCES, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-38735
Entity Tax Identification Number	81-3015061
Entity Address, Address Line One	340 Martin Luther King Jr. Blvd.
Entity Address, City or Town	Bristol
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37620
City Area Code	423
Local Phone Number	573-0300
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	AMR
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0001704715