NYSE$AMR
Alpha Metallurgical Resources, Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Contura Energy reported a net loss from continuing operations of $191.9 million for Q4 2019, which included pre-tax non-cash asset impairment charges of $60.5 million and a goodwill impairment of $124.4 million.
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.
Headline financials
Revenue & EPS history
Alpha Metallurgical · Revenue · Quarterly
$499M
Revenue by segment
Alpha Metallurgical · $436M total across 2 segments · Q4 2019
- Export Met Coal$370M—84.9%
- Domestic Met Coal$65.8M—15.1%
Forward guidance
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.
Tailwinds
- Maintaining total 2020 coal shipments guidance range of 20.7 million tons to 22.7 million tons.
- CAPP-Met volume remaining at 12.0 million to 12.6 million tons.
- CAPP-Thermal volume remaining at 2.7 million tons to 3.3 million tons.
- NAPP volumes also remain at the previous range of 6.0 million tons to 6.8 million tons.
- Reducing 2020 capital expenditures guidance by $30 million to a range of $145 million to $165 million.
Headwinds
- Unable to present a quantitative reconciliation of its forward-looking non-GAAP cost of coal sales per ton sold financial measures to the most directly comparable GAAP measures without unreasonable efforts.
- Management is unable to predict without unreasonable efforts freight and handling costs due to uncertainty as to the end market and FOB point for uncommitted sales volumes and the final shipping point for export shipments.
- Actual coal shipments may vary from estimates.
- Actual average per-ton realizations on committed and priced tons recognized in future periods may vary based on actual freight expense in future periods relative to assumed freight expense embedded in projected average per-ton realizations.
- SG&A excludes expenses related to non-cash stock compensation and non-recurring business development expenses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports
-2.0%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+7.2%
Avg return
30 days after
38%
14 / 37 earnings
Positive
+26.4%
Q2 2020
Best reaction
-50.4%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.8% | -7.2% | +4.1% | |
| Q4 2025 | -2.6% | +8.7% | +32.9% | |
| Q3 2025 | -1.7% | -4.7% | +2.9% | |
| Q1 2025 | -8.5% | -1.5% | -10.8% | |
| Q4 2024 | -7.4% | -10.5% | -14.9% | |
| Q3 2024 | +2.4% | +16.1% | +17.9% | |
| Q2 2024 | -3.6% | -0.7% | -17.7% | |
| Q1 2024 | -8.5% | -13.7% | -6.7% | |
| Q4 2023 | +12.5% | -1.0% | -17.1% | |
| Q3 2023 | -1.6% | -7.3% | +31.4% | |
| Q2 2023 | +7.5% | +10.4% | +28.1% | |
| Q1 2023 | +8.7% | +3.9% | +4.6% | |
| Q4 2022 | -4.4% | +2.4% | -9.8% | |
| Q3 2022 | -4.0% | -13.1% | -8.7% | |
| Q2 2022 | +1.7% | +17.9% | +15.5% | |
| Q1 2022 | +5.8% | -10.5% | +4.9% | |
| Q4 2021 | +8.8% | +14.3% | +3.1% | |
| Q3 2021 | -1.1% | -12.5% | -22.9% | |
| Q2 2021 | +12.1% | +21.0% | +53.7% | |
| Q1 2021 | +13.9% | +4.2% | +67.4% | |
| Q4 2020 | -26.2% | -18.9% | -5.9% | |
| Q3 2020 | +10.5% | — | — | |
| Q2 2020 | +26.4% | — | — | |
| Q1 2020 | -5.1% | — | — | |
| Q4 2019 | -30.0% | — | — | |
| Q3 2019 | -50.4% | — | — | |
| Q2 2019 | -11.1% | — | — | |
| Q1 2019 | -5.4% | — | — | |
| Q4 2018 | -4.5% | — | — | |
| Q4 2016 | +3.5% | — | — | |
| Q1 2017 | +3.5% | — | — | |
| Q2 2017 | -3.7% | — | — | |
| Q4 2017 | -3.7% | — | — | |
| Q3 2017 | -3.7% | — | — | |
| Q3 2018 | -2.8% | — | — | |
| Q2 2018 | +3.5% | — | — | |
| Q1 2018 | -0.8% | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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