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. Q3 2024: $0M, Q2 2024: $0M, Q1 2024: $1.1B, Q3 2023: $101M

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

Latest quarter $0M vs trailing avg $400M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $1.2B / FCF $6M = 20051% of FCF

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

Repurchased 26,656,655 shares = 204.8% of 13,016,390 outstanding (annualized)

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

62 open-market purchases by 2 insiders

• Courtis Kenneth S. () bought 2,598 shares at $185.28 on 2026-03-11
• Courtis Kenneth S. () bought 611 shares at $185.91 on 2026-03-11
• Courtis Kenneth S. () bought 4,052 shares at $187.36 on 2026-03-11
• Courtis Kenneth S. () bought 2,739 shares at $187.87 on 2026-03-11
• Courtis Kenneth S. () bought 7,669 shares at $180.67 on 2026-03-10
• Courtis Kenneth S. () bought 1,787 shares at $181.93 on 2026-03-10
• Courtis Kenneth S. () bought 2,976 shares at $182.92 on 2026-03-10
• Courtis Kenneth S. () bought 2,014 shares at $183.88 on 2026-03-10
• Courtis Kenneth S. () bought 554 shares at $184.66 on 2026-03-10
• Courtis Kenneth S. () bought 2,507 shares at $174.60 on 2026-03-09

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $43M, sold $4M (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