AMR Alpha Metallurgical Resources, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q1 2026: $1.2B, Q3 2024: $0M, Q2 2024: $0M, Q1 2024: $1.1B

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $1.2B vs trailing avg $366M (+216%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-5M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 26,991,810 shares = 210.8% of 12,805,909 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

81 open-market purchases by 3 insiders

• Courtis Kenneth S. () bought 6,136 shares at $200.49 on 2026-06-12
• Courtis Kenneth S. () bought 3,864 shares at $201.11 on 2026-06-12
• Whitehead Jason E. (President & COO) bought 99 shares at $214.94 on 2026-06-03
• Courtis Kenneth S. () bought 596 shares at $183.05 on 2026-05-12
• Courtis Kenneth S. () bought 588 shares at $184.02 on 2026-05-12
• Courtis Kenneth S. () bought 911 shares at $185.14 on 2026-05-12
• Courtis Kenneth S. () bought 563 shares at $187.10 on 2026-05-12
• Courtis Kenneth S. () bought 705 shares at $188.14 on 2026-05-12
• Courtis Kenneth S. () bought 3,500 shares at $189.12 on 2026-05-12
• Courtis Kenneth S. () bought 3,678 shares at $190.45 on 2026-05-12

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 2 quarters and 81 insider purchases by 3 insiders (overlapped in 1 quarter)

• Q1 2026: Courtis Kenneth S. bought while company spent $1.2B

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $5M, sold $1M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected