6. Alpha Metallurgical Resources, Inc. (NYSE:AMR)
Number of Hedge Fund Holders: 30
With $491 million invested in the stock by hedge funds as of Q1 2026, Alpha Metallurgical Resources, Inc. (NYSE:AMR) is among the best coal stocks to invest in.
Alpha Metallurgical Resources, Inc. (NYSE:AMR) is navigating a met coal market that management described, on its May 8, 2026, earnings call, as more oversupplied than it has been in years. At the same time, the company is quietly positioning its portfolio toward higher-quality coals that are better placed to weather that pressure.
The core issue management laid out is a widening price gap between premium low-vol and high-vol coals.
Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s CEO Andy Eidson noted that the spread between the U.S. East Coast Low Vol Index and High Vol A has climbed from roughly $5 per ton at the start of 2025 to $38 per ton, a move he attributed directly to new high-vol tonnage from Northern Appalachia and Alabama hitting an already weak market. Sales executive Dan Horn added that roughly 11 million tons of new longwall high-vol production has entered the marketplace while Central Appalachian supply curtailments have amounted to only around 1 to 2 million tons, leaving a meaningful imbalance.
Against that backdrop, Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s longer-term answer is a deliberate shift toward higher-rank coals. The company’s Wildcat low-vol mine, currently in development, is expected to move past its development phase in Q2 and ramp production in Q3 and Q4, adding more low-vol and medium-vol tons to a portfolio that management said was always intended to carry more high-quality, high coke-strength coals.
On costs, diesel inflation tied to the Iran conflict added pressure in Q1, where the cost of coal sales rose to $107.98 per ton. Management said it still aims to finish within its $95 to $101 per ton full-year guidance range, though an upward revision remains possible if conditions persist. Alpha Metallurgical Resources, Inc. (NYSE:AMR) held $476.2 million in total liquidity at March 31, 2026.
Alpha Metallurgical Resources, Inc. (NYSE:AMR) is a Tennessee-based mining company specializing in the extraction, processing, and sale of metallurgical coal for global customers. Operating in Virginia and West Virginia, it is a leading U.S. producer with numerous underground and surface mines.
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