Alpha Metallurgical Resources Inc. (AMR) disclosed on Monday that director Kenneth S. Courtis purchased approximately $3.16 million in common shares across multiple transactions on August 21, 2026. The acquisitions totaled 15,000 shares at weighted average prices ranging from $209.03 to $211.09 per share. Courtis now holds a direct stake of 1,015,394 shares in the company.
The transactions followed a 24% increase in Alpha Metallurgical’s stock over the prior week, with shares closing at $209.93 on August 20. The company’s second-quarter results, released earlier this month, reported a net loss of $0.96 per share on revenue of $492.86 million. Analysts had projected earnings of $0.32 per share and revenue of $577.23 million for the period.
Alpha Metallurgical attributed its weaker-than-expected performance to storm-related disruptions at a port terminal, declining metallurgical coal prices, and higher fuel and input costs. The company’s shares have faced pressure amid volatile commodity markets and operational challenges in its core coal segment.
