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Sep 30, 2020
Alpha Metallurgical Q3 2020 Earnings Report
Reported a net loss and Adjusted EBITDA, managed costs effectively, reduced long-term debt, and introduced 2021 guidance.
Key Takeaways
Contura Energy reported a net loss from continuing operations of $68.6 million for Q3 2020, with an Adjusted EBITDA of $20 million. The company reduced long-term debt by approximately $31 million and achieved historically low CAPP - Met costs. 2021 guidance was introduced.
Net loss from continuing operations of $69 million for the third quarter 2020.
Adjusted EBITDA of $20 million for the third quarter 2020.
Strong cost management in all operating segments with historically low CAPP - Met costs.
Reduced long-term debt by approximately $31 million in the third quarter of 2020.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Contura Energy introduced 2021 guidance with coal shipments guidance range of 20.4 million tons to 22.2 million tons.
Positive Outlook
- CAPP - Met segment volume expected to be between 13.5 million to 14.5 million tons
- Pure metallurgical coal shipments of 12.5 million to 13.0 million tons
- Thermal shipments in this segment of 1.0 million to 1.5 million tons
- CAPP - Thermal segment volume is anticipated to be between 1.3 million tons to 1.7 million tons
- NAPP volumes are expected to be in the range of 5.6 million tons to 6.0 million tons
Challenges Ahead
- Metallurgical 34 % committed/priced at $86.41
- Thermal 72 % committed/priced at $52.11
- SG&A $45 to $50 million
- Cash Interest Expense $51 to $55 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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