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Jun 30, 2020
Alpha Metallurgical Q2 2020 Earnings Report
Contura Energy reported a net loss from continuing operations of $238.3 million for the second quarter 2020.
Key Takeaways
Contura Energy reported a net loss of $238.3 million for Q2 2020, which includes a pre-tax, non-cash asset impairment charge of $161.7 million. Adjusted EBITDA was $17 million for the quarter. The company reduced long-term debt by approximately $25 million and maintained liquidity of $240 million at quarter-end.
Reported net loss from continuing operations of $238 million for the second quarter 2020, including a pre-tax, non-cash asset impairment charge of $162 million
Posts Adjusted EBITDA of $17 million for the second quarter 2020
Maintains strong cost management in all operating segments and overhead
Reduces long-term debt by approximately $25 million in the second quarter of 2020
Forward Guidance
Contura expects capex for the remainder of the year to be in the $45-$50 million range, and anticipates receiving an accelerated AMT tax refund of approximately $66 million in the second half of the year and approximately $14 million of payroll tax deferrals until 2021 and 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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