Rebranding Reflects Company's Strategic Focus on Met Coal BRISTOL, Tenn., Jan. 22, 2021 /PRNewswire/ -- Contura Energy Inc. , a leading U.S. supplier of metallurgical products for the steel industry, today announced that it will change its name, effective February 1, 2021, to Alpha Metallurgical Resources, Inc. The company expects its common stock, currently traded on the New York Stock Exchange under the CTRA ticker [...]
Roger Nicholson and Dan Horn Also Receive Promotions Contura Energy Inc. , a leading U.S. supplier of metallurgical products for the steel-making industry, today announced promotions within its executive leadership team as part of the company's long-term succession planning process. Contura's board of directors voted unanimously to promote Andy Eidson to president and chief financial officer, effective December 14, 2020 [...]
Company Issues Updated 2021 Guidance Reflecting New Operational Portfolio Contura Energy Inc. , a leading U.S. supplier of metallurgical products for the steel-making industry, today announced the closing of its transaction with Iron Senergy Holding, LLC for the divestment of the Cumberland Mine and related assets in Greene County, Pennsylvania. The subsidiaries that hold the Cumberland and Emerald mines and the [...]
Contura Energy Inc. , a leading U.S. supplier of metallurgical products for the steel-making industry, today announced that Michael J. Quillen has joined Contura's board, effective November 23, 2020. As an industry veteran with prior hands-on knowledge of Contura's assets, Quillen brings several decades of coal expertise to the Contura team. "It is a significant benefit to our company when we can add a board member of the [...]
Contura Energy Inc. , a leading U.S. supplier of metallurgical products for the steel-making industry, today announced changes to its board of directors. John E. Lushefski, Daniel J. Geiger, and Emily S. Medine have resigned from the Contura board of directors effective immediately. Each of the three members decided not to stand for reelection at the Company's 2021 annual shareholder meeting and believed that it was in [...]
Transaction Expected to Accelerate Contura's Strategic Exit from Thermal Coal Production Contura Energy Inc. , a leading U.S. supplier of metallurgical products for the steel-making industry, today announced a definitive agreement with Iron Senergy Holding, LLC for the divestment of Contura's Pennsylvania operations, including the Cumberland Mine in Greene County, Pennsylvania. The equity transaction is expected to close [...]
Contura Energy Inc. , a leading U.S. supplier of metallurgical products for the steel-making industry, today announced the receipt of its expected $66.1 million alternative minimum tax credit monetization refund along with an additional interest payment. "As we mentioned in our earnings disclosures yesterday, we have been expecting the accelerated AMT refund to arrive, and I am pleased to confirm that these funds were [...]
- Reports net loss from continuing operations of $69 million for the third quarter 2020 - Posts Adjusted EBITDA of $20 million for the third quarter 2020 - Continues strong cost management in all operating segments with historically low CAPP - Met costs - Reduces long-term debt by approximately $31 million in the third quarter of 2020 - Introduces 2021 guidance Contura Energy Inc. , a leading U.S. coal supplier, today [...]
Contura Energy Inc. , a leading U.S. coal supplier, plans to announce its third quarter 2020 financial results before the market opens on Monday, November 9, 2020. The company also expects to hold a conference call to discuss its third quarter 2020 results at 10:00 a.m. Eastern time the morning of November 9. Participating on the call will be Contura's chairman and chief executive officer, David Stetson, executive vice [...]
Contura Energy Inc. today issued the following statement in response to the letter the Company's Board of Directors received from MG Capital Management, Ltd.: Contura welcomes the opportunity to engage with its shareholders and we welcome constructive input relating to enhancing shareholder value. We remain focused on delivering long-term shareholder value and will continue to take actions to achieve that objective [...]
- Reports 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 - Executes on long-term strategic portfolio optimization - Reduces long-term debt by approximately $25 million in the [...]
Contura Energy Inc. , a leading U.S. coal supplier, plans to announce its second quarter 2020 financial results before the market opens on Friday, August 7, 2020. The company also expects to hold a conference call to discuss its second quarter 2020 results at 10:00 a.m. Eastern time the morning of August 7. Participating on the call will be Contura's chairman and chief executive officer, David Stetson, executive vice [...]
