Kenneth S. Courtis, a member of the board of Alpha Metallurgical Resources, Inc. (NASDAQ: AMR), completed several purchases of the companys common stock on March 12, 2026, in transactions that together amounted to $1.53 million. Reported purchase prices for the lots ranged from $187.47 up to $193.94 per share.
The reported breakdown of the transactions lists the following lots: 492 shares at an average of $187.47; 608 shares at an average of $188.85; 2,600 shares at an average of $189.37; 362 shares at an average of $190.65; 1,362 shares at an average of $192.23; 1,676 shares at an average of $193.17; and 900 shares at an average of $193.94. After these transactions, Courtis is reported to directly own 874,537 shares of Alpha Metallurgical Resources.
Alpha Metallurgical Resources shares have appreciated roughly 55% over the past year, and the stock was trading at $193.69 at the time the purchases were noted. Independent valuation analysis referenced in company-tracking tools places a Fair Value for AMR at $245, suggesting that those services view the shares as undervalued at current market levels. InvestingPro subscribers are noted as having access to 11 additional exclusive tips concerning AMR, including data on financial condition and growth prospects.
The insider purchases are reported while Alpha Metallurgical Resources recently disclosed weak fourth-quarter 2025 financial results. The company recorded an earnings per share of -$1.34 for the quarter, which missed the consensus forecast of -$0.07. Revenue for the period came in at $520.47 million versus expected revenue of $550.72 million.
Corresponding operational and profitability metrics also disappointed relative to some expectations. The company reported EBITDA of $28.5 million, a figure that matched prereleased results according to Jefferies. Jefferies maintained a Hold rating on Alpha Metallurgical while lowering its price target from $205 to $185. Benchmark likewise reiterated a Hold rating after Alpha reported fourth-quarter adjusted EBITDA of $28 million, below Benchmark's prior estimate of $39 million. Benchmark attributed the shortfall in part to higher total costs per ton.
Those reported outcomes and analyst responses were described by the firms as reflecting the pressures and volatility currently affecting the coal market. The trading activity by a board member, the valuation comparisons cited by market tools, and the recent financial disclosure together present the current public facts surrounding Alpha Metallurgical Resources. The information available does not specify motivations for the purchases beyond the reported transactions and ownership position changes.
Notes on data and access
The transactional details above reflect reported open-market purchases made on March 12, 2026. Valuation and subscriber-only content references pertain to InvestingPro analysis and subscriber materials as reported. Analyst commentary and rating actions cited are those attributed to Jefferies and Benchmark in connection with Alpha Metallurgical Resources's fourth-quarter 2025 results.