image0a11.jpg 
NEWS RELEASE

FOR IMMEDIATE RELEASE                         


Contura Announces Fourth Quarter and Full-Year 2018 Results


BRISTOL, Tenn., April 1, 2019 -
Contura Energy, Inc. (NYSE: CTRA), 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(1) 
Adjusted EBITDA of $111 million for the quarter compared with $44 million in the same period last year(1)(2) 
Merger-related synergies progressing ahead of schedule

 
(millions, except per share)
 
Three months ended Dec. 31,
Twelve months ended Dec. 31,
 
2018(1)
2017(1)
2018(1)
2017(1)
Net income(3) 
$155.9
$114.7
$302.9
$173.7
Net income(3) per diluted share
$9.85
$10.83
$25.86
$16.13
Adjusted EBITDA(2)
$111.2
$44.4
$335.1
$278.5
Operating cash flow(4)
$(17.9)
$54.3
$158.4
$314.3
Capital expenditures
$25.2
$24.4
$81.9
$72.7
Tons of coal sold
5.5
3.4
17.6
15.7

__________________________________

1. Excludes discontinued operations, except as noted.
2. These are non-GAAP financial measures. A reconciliation of Net Income to Adjusted EBITDA is included in tables accompanying the financial schedules.
3. From continuing operations.
4. Includes discontinued operations.

“Between the successful completion of our merger with Alpha and the refinancing of our term loans, along with our listing on the New York Stock Exchange, the fourth quarter of 2018 was filled with significant strategic milestones for the future of our company," said Kevin Crutchfield, chief executive officer. "Immediately after the closing of those transactions, our focus shifted

340 Martin Luther King Jr. Blvd. | P.O. Box 848 | Bristol, TN 37620 | 423.573.0300 | conturaenergy.com

The following information was filed by Contura Energy, Inc. (CTRA) on Monday, April 1, 2019 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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