Contura Energy reported a net loss of $191.9 million, or $10.54 per diluted share, for the fourth quarter of 2019. The results were impacted by asset and goodwill impairment charges. Adjusted EBITDA was $31.5 million for the quarter. The company is reducing its 2020 capital expenditure guidance by $30 million while maintaining other guidance.
Net loss from continuing operations was $192 million, including a $60 million pre-tax non-cash asset impairment charge and a $124 million goodwill impairment.
Adjusted EBITDA was $31 million.
2020 capital expenditure guidance was reduced by $30 million.
The Road Fork 52 mine started production as scheduled on February 26, with an annual production capacity of up to 1.3 million tons.
Contura Energy provided its 2020 full-year guidance, maintaining its total coal shipments guidance range of 20.7 million tons to 22.7 million tons. They are reducing their 2020 capital expenditures guidance by $30 million to a range of $145 million to $165 million.
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