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Alpha Natural Resources, Inc. (ANR) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2006

Alpha Natural Resources, Inc.Old

CIK: 1310243 Ticker: ANR
 

(ALPHA NATURAL RESOURCES LOGO)
Alpha Natural Resources, Inc.
FOR IMMEDIATE RELEASE
Alpha Natural Resources Reports Results
For Fourth Quarter, Full Year 2006
    Net income of $128.2 million for full year vs. $21.2 million in 2005; coal revenues increase 19%
 
    Per-ton margin improves 34% in 2006 as 10% gain in pricing for the year outpaces 5% increase in unit cost of coal sold
 
    Tax benefit of $55.6 million recorded in fourth quarter
 
    Fourth-quarter EBITDA of $56.0 million, including charges of $10.2 million (16% increase from prior year, excluding charges)
 
    Production rises in fourth quarter while coal purchases are pared back
ABINGDON, Va., Feb. 14, 2007—
Alpha Natural Resources, Inc. (NYSE: ANR), a leading supplier of high-quality Appalachian coal, reported that revenues and profitability rose substantially in 2006 on strong pricing and higher sales volumes.
“Alpha’s ability to supply premium coals and capture leading per-ton revenues was the key driver behind our solid performance in 2006, and helped us counteract some of the productivity challenges we faced in the second half,” said Michael Quillen, Chairman and CEO. “In a business that’s very sensitive to changes in supply and demand, we’ll be carefully managing our mine portfolio this year to preserve those margins, while remaining prepared to seize growth opportunities in a consolidating industry.”
Financial & Operating Highlights – Fourth Quarter
(in millions, except per-share and per-ton amounts)
                         
    Q4 2006   Q4 2005   % Change
Coal revenues
  $ 407.6     $ 432.1       ( 6 %)
Net income
  $ 63.3     $ 12.4        nm  
Earnings per diluted share
  $ 0.98     $ 0.20        nm  
EBITDA
  $ 56.0     $ 54.0       4 %
Tons of coal produced and processed
    6.0       5.5       8 %
Tons of coal sold
    7.1       7.8       ( 9 %)
Coal margin per ton
  $ 10.19     $ 8.55       19 %
MORE
One Alpha Place * P.O. Box 2345 * Abingdon, Virginia 24212 * 866-322-5742 * 276-619-4410 * www.alphanr.com

 


The following information was filed by Alpha Natural Resources, Inc.Old (ANR) on Wednesday, February 14, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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