Alpha Eliminates Remaining Term Loan Balance

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.

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Alpha Metallurgical Resources Issues Statement

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.

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Alpha Announces First Quarter 2022 Results

• 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.

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Alpha to Announce First Quarter 2022 Financial Results on May 5

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.

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Alpha Announces Fourth Quarter and Full Year 2021 Results

• 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.

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Alpha to Announce Fourth Quarter and Full Year 2021 Financial Results on March 7

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.

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Alpha Promotes Dan Horn to EVP and Chief Commercial Officer

BRISTOL, Tenn., January 26, 2022 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced the promotion of Dan Horn to executive vice president and chief commercial officer. Alpha’s board of directors voted unanimously in favor of Horn’s promotion which was effective January 25, 2022.

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Alpha Completes Refinancing of ABL

New $155 Million Facility Matures in December 2024

BRISTOL, Tenn., December 6, 2021 – Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced the successful refinancing of its Asset-Based Revolving Credit Facility (ABL), which was previously set to expire in April 2022.

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