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CEO Stetson Announces Planned Transition to Executive Board Chairman at Year End; President and CFO Eidson to Assume CEO Role

• Provides details on succession roadmap for Stetson’s end of year planned retirement
• Reports second quarter net income from continuing operations of $575.4 million
• Posts record Adjusted EBITDA of $694.5 million for the second quarter 2022
• Eliminates remaining term-loan balance in June, effectively freeing the company of long-term debt
• Reports $268 million in buybacks through share repurchase program
• Increases quarterly dividend amount to 39.2 cents per share
• Adjusts full-year guidance upward for byproduct thermal shipments from the Met segment and SG&A

BRISTOL, Tenn., August 8, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported results for the second quarter ending June 30, 2022.

BRISTOL, Tenn., July 25, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its second quarter 2022 financial results before the market opens on Monday, August 8, 2022.

Company Also Provides Updates on Share Repurchase Program and Combined $56.6 Million in Collateral Releases

BRISTOL, Tenn., June 6, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced several positive financial updates, including the elimination of its remaining term loan balance.

BRISTOL, Tenn., May 17, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today issued the following statement regarding a report from an activist short-selling firm containing false and misleading characterizations about Alpha’s business.

• 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 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported results for the first quarter ending March 31, 2022.

BRISTOL, Tenn., April 20, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its first quarter 2022 financial results before the market opens on Thursday, May 5, 2022.

• Reports record net income from continuing operations of $254.5 million for the fourth quarter 2021
• Posts record Adjusted EBITDA of $315.8 million for the fourth quarter 2021
• Further reduces long-term debt with early principal payments of $50 million on the term loan within the quarter
• Announces $150 million share repurchase program
• Completes refinancing of Asset-Based Revolving Credit Facility (ABL)

BRISTOL, Tenn., March 7, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported results for the fourth quarter and full year ending December 31, 2021.

BRISTOL, Tenn., February 18, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its fourth quarter and full year 2021 financial results before the market opens on Monday, March 7, 2022.