Alpha Natural Resources, Inc.
FOR IMMEDIATE RELEASE

Alpha Natural Resources Announces
Results for Fourth Quarter and Full Year 2013

Fourth quarter and full year 2013 revenue and adjusted EBITDA were $1.1 billion and $5.0 billion, respectively, and $71 million and $299 million, respectively
Achieved lowest rate of reported injuries in Alpha’s history in 2013
Strong cost improvement in the 4th quarter primarily driven by resumed Cumberland production
Agreed to monetize portion of Marcellus shale gas acreage through an exchange with Rice Energy
Opportunistically accessed capital markets to extend maturity profile of debt obligations
Maintained solid liquidity position at approximately $1.9 billion, including nearly $1 billion in cash and marketable securities

BRISTOL, Va., February 12, 2014-
Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal producer, reported a fourth quarter 2013 net loss of $359 million or $1.62 per diluted share compared with a net loss of $128 million or $0.58 per diluted share in the fourth quarter of 2012. Excluding the items described in our “Reconciliation of Adjusted Net Loss to Net Loss,” the fourth quarter 2013 adjusted net loss was $115 million or $0.52 per diluted share compared with adjusted net loss of $41 million or $0.19 per diluted share in the fourth quarter of 2012.

Earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) for the fourth quarter of 2013 was $16 million, compared with EBITDA of $193 million in the year ago period. Excluding the items described in our “Reconciliation of EBITDA and Adjusted EBITDA to Net Loss,” the fourth quarter 2013 Adjusted EBITDA was $71 million, compared with $217 million in the fourth quarter of 2012.
  
Quarterly Financial & Operating Highlights
(millions, except per-share and per ton amounts)
 
Q4 2013
Q3 2013
Q4 2012
Coal revenues
$965.6
$1,028.8
$1,355.2
Net loss
($358.8)
($458.2)
($127.6)
Net loss per diluted share
($1.62)
($2.07)
($0.58)
Adjusted net loss1
($115.2)
($134.4)
($41.4)
Adjusted net loss per diluted share1
($0.52)
($0.61)
($0.19)
EBITDA1
$16.4
($341.1)
$192.6
Adjusted EBITDA1
$71.4
$33.4
$217.2
Tons of coal sold
20.6
21.8
25.9
Weighted average coal margin per ton
$4.57
$2.47
$17.45
Adjusted weighted average coal margin per ton1
$5.59
$2.69
$10.14

1.
These are non-GAAP financial measures. A reconciliation of adjusted net loss to net loss, EBITDA and adjusted EBITDA to net loss, and adjusted cost of coal sales per ton to cost of coal sales per ton are included in tables



The following information was filed by Alpha Natural Resources, Inc. (ANRZQ) on Wednesday, February 12, 2014 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.

View differences made from one year to another to evaluate Alpha Natural Resources, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alpha Natural Resources, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account