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Alpha Natural Resources, Inc. (ANRZQ) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2015

Alpha Natural Resources, Inc.

CIK: 1301063 Ticker: ANRZQ
Exhibit 99.1

Alpha Natural Resources, Inc.
FOR IMMEDIATE RELEASE

Alpha Natural Resources Announces
Results for First Quarter 2015

First quarter 2015 revenue was $0.8 billion and Adjusted EBITDA loss was $34 million
Successfully executed a liability management transaction, lowering gross debt outstanding by $379 million and cash interest expense by $21 million annually
Aggressive cost reduction effort ahead of plan with anticipated annual savings in excess of $60-75 million once fully implemented; lowering SG&A guidance by $5 million to $95-$115 million and capex by $25 million to $200-$250 million
Total liquidity at quarter-end of approximately $1.9 billion, including more than $1.0 billion in cash and investments

BRISTOL, Va., April 30, 2015-
Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal supplier, reported a first quarter 2015 net income of $68 million or $0.30 per diluted share, compared with a net loss of $56 million or $0.25 per diluted share in the first quarter of 2014. The first quarter net income includes a $364 million gain on early extinguishment of debt. Excluding the items described in “Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss),” the first quarter 2015 adjusted net loss was $176 million or $0.79 per diluted share compared with adjusted net income of $15 million or $0.07 per diluted share in the first quarter of 2014.

Excluding the items described in “Reconciliation of Net Income (Loss) to Adjusted EBITDA,” the first quarter 2015 Adjusted EBITDA loss was $34 million compared with Adjusted EBITDA of $289 million in the first quarter of 2014.
  
Quarterly Financial & Operating Highlights
(millions, except per-share and per ton amounts)
 
Q1 2015
Q4 2014
Q1 2014
Coal revenues
$726.1
$931.5
$952.8
Net income (loss)
$68.2
($121.7)
($55.7)
Net income (loss) per diluted share
$0.30
($0.55)
($0.25)
Adjusted net income (loss) 1
($175.7)
($111.6)
$15.5
Adjusted net income (loss) per diluted share 1
($0.79)
($0.50)
$0.07
Adjusted EBITDA 1
($33.6)
$102.6
$289.1
Tons of coal sold
19.5
22.0
21.4
Weighted average coal margin per ton of reportable segments
($0.42)
$6.59
$3.21
Adjusted weighted average coal margin per ton of reportable segments 1
$0.12
$5.48
$3.23

1.
These are non-GAAP financial measures. A reconciliation of net income (loss) to adjusted net income (loss), adjusted EBITDA, and cost of coal sales per ton to adjusted cost of coal sales per ton are included in tables accompanying the financial schedules. Adjusted weighted average coal margin per ton of reportable segments is defined as the


The following information was filed by Alpha Natural Resources, Inc. (ANRZQ) on Thursday, April 30, 2015 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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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (loss)
Condensed Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Condensed Consolidated Statements Of Operations
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (details)
Accrued Expenses And Other Current Liabilities (tables)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (tables)
Accumulated Other Comprehensive Income - Amounts Reclassified From Accumulated Other Comprehensive Income (details)
Accumulated Other Comprehensive Income - Changes To Accumulated Other Comprehensive Income (details)
Asset Impairment And Restructuring
Asset Impairment And Restructuring Asset Impairment And Restructuring (details)
Asset Retirement Obligations
Asset Retirement Obligations (details)
Asset Retirement Obligations (tables)
Business And Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies (details 2)
Commitments And Contingencies (details)
Derivative Financial Instruments
Derivative Financial Instruments (details 2)
Derivative Financial Instruments (details 3)
Derivative Financial Instruments (details 4)
Derivative Financial Instruments (details 5)
Derivative Financial Instruments (details)
Derivative Financial Instruments (tables)
Earnings Per Share
Earnings Per Share (details)
Employee Benefit Plans
Employee Benefit Plans (details)
Employee Benefit Plans (tables)
Fair Value Of Financial Instruments And Fair Value Measurements
Fair Value Of Financial Instruments And Fair Value Measurements (details 2)
Fair Value Of Financial Instruments And Fair Value Measurements (details)
Fair Value Of Financial Instruments And Fair Value Measurements (tables)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Inventories, Net
Inventories, Net (details)
Inventories, Net (tables)
Long-term Debt
Long-term Debt (details)
Long-term Debt (tables)
Long-term Debt Long-term Debt (details 2)
Marketable Securities
Marketable Securities (details 2)
Marketable Securities (details)
Marketable Securities (tables)
Marketable Securities Marketable Securities (details 3)
Prepaid Expenses And Other Current Assets
Prepaid Expenses And Other Current Assets (details)
Prepaid Expenses And Other Current Assets (tables)
Property, Equipment And Mine Development Costs
Property, Equipment And Mine Development Costs (details)
Property, Equipment And Mine Development Costs (tables)
Segment Information
Segment Information (details 2)
Segment Information (details 3)
Segment Information (details 4)
Segment Information (details)
Segment Information (tables)
Stock-based Compensation Awards
Stock-based Compensation Awards (details 2)
Stock-based Compensation Awards (details)
Supplemental Guarantor And Non-guarantor Financial Information Supplemental Guarantor And Non-guarantor Financial Information
Supplemental Guarantor And Non-guarantor Financial Information Supplemental Guarantor And Non-guarantor Financial Information (detail 4)
Supplemental Guarantor And Non-guarantor Financial Information Supplemental Guarantor And Non-guarantor Financial Information (details 2)
Supplemental Guarantor And Non-guarantor Financial Information Supplemental Guarantor And Non-guarantor Financial Information (details 3)
Supplemental Guarantor And Non-guarantor Financial Information Supplemental Guarantor And Non-guarantor Financial Information (details)
Supplemental Guarantor And Non-guarantor Financial Information Supplemental Guarantor And Non-guarantor Financial Information (tables)
Ticker: ANRZQ
CIK: 1301063
Form Type: 10-Q Quarterly Report
Accession Number: 0001301063-15-000030
Submitted to the SEC: Wed May 06 2015 2:30:46 PM EST
Accepted by the SEC: Wed May 06 2015
Period: Tuesday, March 31, 2015
Industry: Bituminous Coal And Lignite Surface Mining

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