FOR IMMEDIATE RELEASE                 

Contura Announces Third Quarter 2018 Results

BRISTOL, Tenn., November 14, 2018 -
Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the third quarter and year-to-date through September 30, 2018.

Highlights include:

Net Income from continuing operations of $14 million for the third quarter 2018 compared with $10 million in the same period last year(1) 
Adjusted EBITDA of $39 million for the quarter compared with $42 million in the same period last year(1) 
Merger with Alpha officially closed on November 9, 2018, creating the largest metallurgical coal supplier in the U.S. The third quarter results disclosed herein do not include any effects of the Alpha transaction
The company now trades on the NYSE under the symbol "CTRA"
Successfully refinanced the company's and legacy Alpha's term loans with a new 7-year, $550 million term loan credit facility
Upsized the asset-backed revolving credit facility from $125 million to $225 million

(millions, except per share)
Three months ended Sept. 30,
Nine months ended Sept. 30,
Net income(2) 
Net income(2) per diluted share
Adjusted EBITDA(3)
Operating cash flow(4)
Capital expenditures
Tons of coal sold


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

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

The following information was filed by Contura Energy, Inc. (CTRA) on Wednesday, November 14, 2018 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.

View differences made from one quarter to another to evaluate Contura Energy, Inc.'s financial trajectory

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