Contura Energy (CTRA) Reports Q4 Revenues of $499M

Contura Energy (NYSE: CTRA) reported Q4 EPS of ($10.54), versus ($2.09) reported last year. Revenue for the quarter came in at $499 million versus the consensus estimate of $497.2 million.

"As we recently announced, Contura made significant progress in achieving operational efficiencies and overhead cost containment improvements in the fourth quarter, and we remain steadfastly committed to progress on these goals," said chairman and chief executive officer, David Stetson. "In the early months of 2020 we have continued to build on the momentum, executing our strategy through a more nimble operating culture that is yielding additional operational productivity advances."

"In addition to achieving nearly a 10% increase in feet per shift at our CAPP underground mines in the fourth quarter, we are pleased to announce that the Road Fork 52 mine started production as scheduled on February 26," said Jason Whitehead, Contura's chief operating officer. "This low vol met mine, which we expect to largely serve as replacement tons for existing operations that are mining out, has annual production capacity up to 1.3 million tons a year with expected cost of coal sales of approximately $70 per ton."

For earnings history and earnings-related data on Contura Energy (CTRA) click here.

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