Contura Energy Inc. , a leading U.S. coal supplier, today announced that its board of directors has unanimously appointed David J. Stetson as the company's new chief executive officer and as a member of the board, effective July 29, 2019. Mr. Stetson previously served on Contura's board of directors from November 2018 through April 2019. "Since we began this search process, our board has focused on identifying a candidate [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced that one or more of its subsidiaries will seek to serve as the stalking horse purchaser for certain assets offered for sale through the bankruptcy proceedings of Blackjewel L.L.C. and Blackjewel Holdings L.L.C. . Specifically, Contura would acquire substantially all of the assets of the Belle Ayr and Eagle Butte thermal coal mines in the Powder River [...]
Company Also Discusses Permit Holder Obligations for Powder River Basin Mines Contura Energy Inc. , a leading U.S. coal supplier, today provided updates on both the company's ongoing search process for a new, permanent chief executive officer, and the status of the obligations of its subsidiary, Contura Coal West, LLC , as permit holder for the two Powder River Basin surface mines that were divested in December of 2017 [...]
Terms of the New Facility Increase the Company's Capital Return Flexibility Contura Energy Inc. , a leading U.S. coal supplier, today announced the completion of its refinancing process through a previously disclosed five-year, $561.8 million senior secured term loan facility. The new facility offers Contura more flexibility to return capital to shareholders by allowing for unlimited restricted payments while the [...]
Contura Energy Inc. , a leading U.S. coal supplier, today reported results for the first quarter ending March 31, 2019. Highlights include: Net Income from continuing operations of $8 million for the first quarter 2019 compared with $58 million in the same period last year Adjusted EBITDA of $83 million for the quarter compared with $99 million in the same period last year Under Contura's new interim leadership, company [...]
Contura Energy Inc. , a leading U.S. coal supplier, plans to announce its financial results for the first quarter 2019 before the market opens on Wednesday, May 15, 2019. The company also expects to hold a conference call to discuss its first quarter 2019 results at 10:00 a.m. EDT that morning. Participating on the call will be Contura's interim co-chief executive officer and chief financial officer, Andy Eidson, interim [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced that the company's board of directors has appointed Andy Eidson, Contura's executive vice president and chief financial officer, and Mark Manno, Contura's executive vice president, chief administrative and legal officer and secretary, as interim co-chief executive officers, effective May 7. As previously announced, Kevin Crutchfield, Contura's current [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced that its chief executive officer, Kevin Crutchfield, will be leaving his role as chief executive officer, effective May 6, in order to pursue an opportunity outside of the coal industry, which is expected to be announced shortly. Mr. Crutchfield's departure is not the result of any dispute or disagreement with the company or any matter related to the [...]
Contura Energy Inc. , a leading U.S. coal supplier, today reported results for the fourth quarter and full-year 2018 through December 31, 2018. Highlights include: Net income from continuing operations of $156 million for the fourth quarter 2018 compared with net income of $115 million in the same period last year Adjusted EBITDA of $111 million for the quarter compared with $44 million in the same period last year [...]
Investor Call to follow on the morning of Wednesday, April 3 Contura Energy Inc. , a leading U.S. coal supplier, plans to announce its financial results for the fourth quarter and full-year 2018 before the market opens on Monday, April 1, 2019. The company also expects to hold a conference call to discuss its fourth quarter and full-year 2018 results at 9:00 a.m. EST the morning of Wednesday, April 3. Participating on [...]
Contura Energy Inc. , a leading U.S. coal supplier, today announced production, cost of sales and operational guidance for full-year 2019. "Through the completion of our recent merger with Alpha Natural Resources, Contura's operational scale, production flexibility, and experienced workforce combine to create the premier met coal supplier in the U.S., complemented by a cost-effective eastern thermal coal portfolio," said [...]
Contura Energy Inc. , a leading U.S. coal supplier, plans to announce its production, cost of sales and operational guidance for full-year 2019 before the market opens on Thursday, January 24, 2019. The company also expects to hold a conference call regarding its 2019 outlook at 11:00 a.m. EST that morning. Participating on the call will be Contura's chief executive officer, Kevin Crutchfield, executive vice president [...]
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