Alpha Metallurgical Resources, Inc. revised operating guidance for the full year 2022. The company is increasing its cost of coal sales guidance due to the elevated pricing environment in global coal markets. Higher sales prices result in higher royalties and severance taxes, which are part of costs of coal sales.

These circumstances, alongside increased labor costs and persistent inflationary pressure on certain materials, have contributed to the guidance change announced May 5, 2022. Met segment cost of coal sales are now expected to be between $101.00 per ton and $107.00 per ton for the full year, up from the prior guidance range of $88.00 per ton to $92.00 per ton. Cost of coal sales for the All Other category are expected to remain unchanged in the range of $58.00 per ton to $62.00 per ton.

Additionally, due to the company's aggressive debt reduction efforts, guidance for 2022 cash interest expense is now expected to be between $18 million and $22 million, down from the previously provided range of $40 million to $45 million.