Alpha Metallurgical Resources, Inc. (AMR) reported a decline in profits for its fourth quarter compared to the same period from the previous year. The company earned $176.016 million, equating to $12.88 per share, which is a decrease from the prior year's fourth quarter earnings of $220.680 million, or $13.37 per share.
However, the company's quarterly revenue saw an increase of 16.6%, totaling $959.991 million, up from $823.448 million during the same period last year.
To summarize the financial performance of Alpha Metallurgical Resources, Inc., in accordance with Generally Accepted Accounting Principles (GAAP):
- Fourth-quarter earnings were $176.016 million, compared to $220.680 million the previous year.
- Earnings per share in the fourth quarter were $12.88, down from $13.37 the previous year.
- Fourth-quarter revenue totaled $959.991 million, compared to $823.448 million the previous year.
