Kielty Mine to Idle Due to Market Conditions; Company Will Not Invest Capital to Build New Impoundment at the Cumberland Mine Contura Energy Inc. , a leading U.S. coal supplier, today announced strategic actions regarding two of its large properties that will allow the company to further strengthen its financial performance and to rationalize its production in light of market conditions. Today approximately 170 employees [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced the end of its connection with the Powder River Basin in Wyoming. Effective today, May 29, 2020, two previously wholly-owned subsidiaries of Contura Energy—Contura Coal West, LLC and Contura Wyoming Land, LLC —have merged with certain subsidiaries of Eagle Specialty Materials, LLC . No longer part of Contura Energy, Contura Coal West and Contura Wyoming [...]
- Reports net loss from continuing operations of $40 million for the first quarter 2020, including a pre-tax non-cash asset impairment charge of $34 million - Posts impressive adjusted EBITDA of $60 million for the first quarter 2020 - Continues very strong cost management with CAPP - Met costs declining more than $10 per ton compared to the fourth quarter of 2019 - Reports liquidity of $257 million and expects to receive [...]
Contura Energy Inc. , a leading U.S. coal supplier, plans to announce its first quarter 2020 financial results before the market opens on Monday, May 11, 2020. The company also expects to hold a conference call to discuss its first quarter 2020 results at 10:00 a.m. Eastern time the morning of May 11. Participating on the call will be Contura's chairman and chief executive officer, David Stetson, executive vice president [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced temporary operational changes in response to market conditions, existing coal inventory levels, and recent customer deferrals due to concern around the global economic impact of the coronavirus pandemic. Beginning April 3, 2020, the majority of Contura operations will be idled for a period of approximately 30 days, with some sites idling for shorter [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced the Company has drawn down $57.5 million in principal amount under its revolving credit facility as a proactive, precautionary measure in light of the COVID-19 pandemic and its potential effects upon national and world economies. "As we continue to take precautionary measures to reduce risk amid market disruption from the coronavirus, we—along with [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced the rescheduling of this morning's earnings call due to technical issues with a third-party provider. The earnings call with Contura management has been rescheduled for this afternoon, March 18, at 2:00 p.m. eastern time. The call will be available via webcast on the Investor page of Contura's website at investors.conturaenergy.com/investors/. Analysts [...]
- Net Loss from continuing operations of $192 million for the fourth quarter 2019 included a pre-tax non-cash asset impairment charge of $60 million and a goodwill impairment of $124 million - Adjusted EBITDA of $31 million for the fourth quarter 2019 - Reducing 2020 capital expenditures guidance by $30 million, maintaining other guidance BRISTOL, Tenn., March 18, 2020 /PRNewswire/ -- Contura Energy Inc. , a leading U.S [...]
Contura Energy Inc. , a leading U.S. coal supplier, plans to announce its financial results for the fourth quarter 2019 before the market opens on Wednesday, March 18, 2020. The company also expects to hold a conference call to discuss its fourth quarter 2019 results at 10:00 a.m. EDT that morning. Participating on the call will be Contura's chief executive officer, David Stetson, executive vice president and chief [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced updated dial-in information for the exchange call with Contura management occurring February 11 at 2:00 p.m. EST. Due to high demand, The Benchmark Company has established a new conference line for tomorrow's exchange call. Those who would like to hear the conference call, and analysts who would like to participate, should dial 877-393-5033 or [...]
Exchange Call with Contura Management on February 11 - Coal revenues of $497 million and coal revenues excluding freight and handling fulfillment revenues of $424 million for the fourth quarter - 6 million tons of coal sold in the quarter - Year-end unrestricted cash balance of $213 million; total liquidity of $328 million Contura Energy Inc. , a leading U.S. coal supplier, today announced updated guidance for 2020 as [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced that Scott D. Vogel has been appointed to the company's board of directors, effective December 20, 2019. "We are glad to welcome Scott Vogel to our board of directors," said chairman and chief executive officer, David Stetson. "In addition to his extensive financial and business background, Scott brings significant industry knowledge coupled with [...]
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