Alpha Natural Resources, Inc. (ANRZQ) SEC Filing 10-Q Quarterly report for the period ending Tuesday, September 30, 2014

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Alpha Natural Resources, Inc.
Ticker: ANRZQ CIK: 1301063

Exhibit 99.1

Alpha Natural Resources, Inc.

FOR IMMEDIATE RELEASE

Alpha Natural Resources Announces

Results for Third Quarter 2014


•	Third quarter 2014 revenue was $1.1 billion and adjusted EBITDA, including a $16 million pre-tax gain from sale of 3.1 million Rice Energy shares, was $54 million


•	Cost reduction initiatives resulted in excellent cost performance in the East


•	Amended and extended secured credit facility and established a new accounts receivable securitization facility


•	Fine-tuning 2014 guidance; increased shipment volumes, interest expense, and SG&A; lowered Eastern adjusted cost of coal sales by $2.00 per ton at the midpoint


•	In October, Alpha subsidiary entered into an asset purchase agreement to dispose of non-core assets for total consideration of approximately $86 million, including $75 million in cash


•	Total liquidity at nearly $2.3 billion, including more than $1.3 billion in cash and marketable securities

BRISTOL, Va., October 30, 2014-

Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal producer, reported a third quarter 2014 net loss of $185 million or $0.84 per diluted share, compared with a net loss of $458 million or $2.07 per diluted share in the third quarter of 2013. Excluding the items described in “Reconciliation of Adjusted Net Loss to Net Loss,” the third quarter 2014 adjusted net loss was $118 million or $0.53 per diluted share compared with adjusted net loss of $134 million or $0.61 per diluted share in the third quarter of 2013.

Earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) for the third quarter of 2014 was $26 million, compared with an EBITDA loss of $341 million in the year ago period. Excluding the items described in our “Reconciliation of EBITDA and Adjusted EBITDA to Net Loss,” the third quarter 2014 Adjusted EBITDA was $54 million, including a $16 million pre-tax gain from the sale of 3.1 million Rice Energy shares, compared with $33 million in the third quarter of 2013.

The following information was filed by Alpha Natural Resources, Inc. (ANRZQ) on Thursday, October 30, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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