Alpha Metallurgical Resources director Kenneth S. Courtis executed a series of purchases on March 9, 2026, acquiring a total of 24,950 shares of the company’s common stock in transactions that sum to about $4.4 million, according to a Form 4 filing with the Securities and Exchange Commission.
The reported trades were made at prices between $174.6 and $180.2 per share. After these transactions, Courtis is shown as the direct owner of 841,537 shares of Alpha Metallurgical Resources (NASDAQ: AMR).
At the time of reporting, AMR shares were trading at $187.55, representing a 31% gain over the prior six months. Analysis from InvestingPro noted that the stock appears undervalued at current levels, and an InvestingPro Tip highlighted that management has been an active buyer of its own shares through repurchases - a signal the company believes reinforces confidence in its outlook.
Those insider purchases arrive against a backdrop of weak fourth-quarter results for 2025. Alpha Metallurgical Resources posted an earnings-per-share figure of -$1.34, considerably below the consensus forecast of -$0.07. Revenue for the period was $520.47 million, missing the expected $550.72 million.
The company reported EBITDA of $28.5 million, which matched prereleased figures, but management noted that conditions in the high-volatility coal sector remained difficult. Analysts reacted to the results: Jefferies cut its price target to $185 from $205 while keeping a Hold rating, citing coal margin pressures. Benchmark likewise reiterated a Hold rating in the wake of the fourth-quarter report.
Benchmark’s model had forecast a fourth-quarter adjusted EBITDA of $39 million, a figure materially higher than the company’s reported adjusted EBITDA of $28 million. The gap was attributed primarily to higher total costs per ton, a detail Benchmark cited when explaining the shortfall relative to its estimate.
The sequence of events - an insider purchase of nearly 25,000 shares, a stock price that has climbed over the past six months, and a fourth-quarter reporting miss accompanied by analyst conservatism - paints a mixed picture for Alpha Metallurgical Resources. The insider buying and management’s buyback activity are counterpoints to margin pressure and the earnings and revenue shortfalls recorded in late 2025.
Investors and market participants focused on coal, energy and mining sectors will likely weigh these competing signals as they assess the company’s near-term performance and valuation.