Alpha Metallurgical Resources Director Kenneth Courtis Purchases $2.3 Million Worth of Shares
Kenneth S. Courtis, a director at Alpha Metallurgical Resources (NYSE: AMR), purchased 10,000 shares for approximately $2.3 million on September 8, 2026. The transaction was conducted through five distinct price bands ranging from $223.45 to $228.14 and increased Courtis's direct equity stake in the company to around one million shares. The purchase occurred amid a challenging financial backdrop for Alpha Metallurgical Resources, which reported trailing twelve-month revenue of $2.1 billion but also recorded a net loss of $46.1 million during that period. The coal producer operates 19 active mines and eight coal preparation facilities in Virginia and West Virginia. Insider ownership currently stands at 8%, with the market value of Courtis's holdings reaching approximately $231.66 million as of September 8, 2026. While the transaction may signal confidence from a key insider, it also comes against broader industry headwinds including rising operational costs and declining coal demand due to competition from cheaper energy alternatives.
Tickers: $AMR
Topics: Alpha Metallurgical Resources insider buying stock purchase