Alpha Metallurgical Resources, Inc. (AMR) — payout ratio, three ways

Fiscal year ending 2025-12-31 · sector Energy · payout ratios computed from SEC filings, not taken from a data vendor.

Basis	Payout	Why it differs
GAAP earnings	negative	The company lost $4.75 per share, so there are no earnings to pay a dividend out of and no ratio exists.
Operating cash flow	0.3%	Before capital spending, so it understates the payout that free cash flow shows.
Free cash flow	2.3%	The figure the sector itself watches, and the one most producers set distributions against. Check whether any part of the payout is a variable or special dividend before reading a trend into it.

Spread between highest and lowest: 2 percentage points. Same filings, different denominators.

Coverage rating 63 / 100 — Adequate. ? Peer standing 45/50Direction 18/30Stability 0/20

Free cash flow payout, last 5 years

Fiscal year	Payout
2025-12-31	2.3%
2024-12-31	0.8%
2023-12-31	4.4%
2022-12-31	1.0%
2017-12-31	41.7%

Coverage worsened sharply this year, 0.8% to 2.3%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.

Among the 32 energy companies here, 91% pay out a larger share on this basis — this is comfortable for the sector.

The arithmetic

GAAP earnings — dividends declared per share $0.03 ÷ diluted EPS $-4.75
Operating cash flow — dividends paid $0.4m ÷ operating cash flow $144.9m
Free cash flow — dividends paid $0.4m ÷ (operating cash flow $144.9m − capex $127.2m)

Where the figures came from

10-K filed 2026-02-27 · accession 0001704715-26-000010

Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.

Caveats on this company

DPS derived from dividends paid ($0.03); no per-share tag filed

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.