Director purchase details
Kenneth S. Courtis, a director at Alpha Metallurgical Resources (NASDAQ:AMR), executed multiple purchases of the company's common stock on March 11, 2026, totaling $1.8 million. The aggregated transactions covered 10,000 shares and were recorded under transaction code "P." The trades occurred at prices ranging from $185.28 to $187.87 per share while the stock was trading at $187.86, marking an 11% increase over the prior week.
Breakdown of transactions
- 2,598 shares at an average price of $185.28
- 611 shares at an average price of $185.91
- 4,052 shares at an average price of $187.36
- 2,739 shares at an average price of $187.87
Following these purchases, Courtis directly holds 866,537 shares of Alpha Metallurgical Resources.
Context within company activity
The insider buying aligns with broader capital actions at the company. According to InvestingPro data, management has been actively repurchasing shares. Alpha Metallurgical Resources, a coal producer with a market capitalization of $2.4 billion, is assessed by InvestingPro as trading below its Fair Value and is listed among undervalued stocks in that analysis.
Recent financial performance
The stock-level moves follow a difficult fourth quarter for the company. Alpha Metallurgical Resources reported Q4 2025 earnings per share (EPS) of -$1.34, materially missing the consensus forecast of -$0.07. Revenue for the quarter was $520.47 million, below an expected $550.72 million. The results underscore the volatility the company is facing in the coal market and the pressure on margins.
Reported EBITDA of $28.5 million was consistent with prereleased figures but represented a shortfall relative to some analyst expectations. Benchmark had estimated adjusted EBITDA of $39 million; instead, reported adjusted EBITDA was $28 million, with higher total costs per ton cited as a contributor to the difference.
Analyst reactions
In response to the quarterly results, Jefferies lowered its price target for Alpha Metallurgical Resources to $185 from $205 while retaining a Hold rating. Benchmark likewise reiterated a Hold rating following the fourth-quarter report.
What this means
The transactions by a sitting director reflect direct insider purchasing activity against a backdrop of continued buybacks and mixed fundamental signals from the company. Courtis' increased direct ownership and management's share repurchase activity are notable inputs for investors assessing insider conviction and capital allocation, while reported quarter results and analyst actions highlight ongoing operational and margin challenges.