Thu, Apr. 30, 2:58 PM
- Alpha Natural Resources (ANR -0.1%) trades with little change after reporting a bigger-than-expected adjusted Q1 loss after selling less coal at lower prices while also posting its first net profit in more than three years.
- Q1 revenue fell 24% Y/Y to $842M as sales volumes dropped more than 11%, and the coal miner says it expects prices for both steel-making and power generating coal to fall further this year.
- ANR maintains its 2015 shipment guidance of 69M-80M tons, including 14M-17M tons of Eastern metallurgical coal, 19M-23M tons of Eastern steam coal, and 36M-40M tons of Western steam coal.
- Says it may look to make additional cuts to its operations in an effort to meet or perhaps exceed its target of $60M-$75M in annual savings.
Thu, Apr. 30, 7:28 AM| Comment!
Wed, Apr. 29, 5:30 PM
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Thu, Feb. 12, 10:58 AM
- Alpha Natural Resources (ANR +9.1%) is sharply higher after reporting a smaller than expected Q4 loss on a 2% drop in revenues to $1.07B, which also topped expectations.
- The decrease in coal revenues was attributable to lower average realizations in all regions; adjusted cost of sales for ANR's eastern mines, spanning the Appalachian region in Pennsylvania, West Virginia and Kentucky, fell to $57.55/ton from $66.97 a year earlier.
- ANR is cutting its 2015 capex outlook to $225M-$275M from $275M-$350M.
- During Q4, ANR's metallurgical coal shipments totaled 4.9M tons, vs. 4.4M tons in the year-ago quarter and 4.8M tons in Q3 2014.
- For 2015, ANR expects to ship 69M-80M tons, including 14M-17M tons of eastern met coal, 19M-23M tons of eastern steam coal, and 36M-40M tons of western steam coal.
Thu, Feb. 12, 7:53 AM| 1 Comment
Wed, Feb. 11, 5:30 PM
- AAP, AAWW, AB, ACOR, ANR, APA, AVP, BG, BWA, CAB, CCE, COR, CPLA, CS, CVE, DBD, DPS, FAF, FLO, GNC, HE, HERO, HIMX, HSP, IFF, INCY, JAH, K, LMNS, LNCE, LPNT, MANU, MDWD, MFA, MFC, MHFI, MINI, MPEL, MPW, NCI, NLSN, NNN, NRP, NWE, PDS, PNK, Q, RDN, RTIX, RWLK, RYN, SCOR, SHPG, SKYW, SNI, SON, SPW, STC, THS, TIME, TU, VG, VNTV, WD, WSO, WWAV, WWE
Tue, Feb. 3, 10:46 AM
- Arch Coal (ACI +8.9%) opens sharply higher after reporting a smaller than expected Q4 loss as it cut costs to $16.46/ton from $18.10/ton in the prior-year quarter.
- ACI says it is suspending its annual dividend to preserve current levels of liquidity, although Cowen analysts say the suspension will save only ~$2M/year.
- ACI says it had available liquidity of ~$1.2B at year-end 2014.
- Expects costs in the Powder River Basin and Appalachian region, which account for most of its coal production, to fall in 2015, reflecting an improved rail performance, the impact of lower diesel prices and a full year of steady production at its low-cost Leer mine in West Virginia.
- ACI also says it expects capital spending of $145M-$160M in 2015, roughly flat vs. 2014's $147M in capex.
- Forecasts FY 2015 coal sales of 130M-143M tons after selling 134.4M tons in 2014 and 35.2M tons in Q4 (+9% Y/Y).
- Other coal names also are higher: ANR +7.8%, BTU +5.6%, CLD +2.3%, WLB +2.6%, WLT +9.4%, CNX +1.7%, RNO +4.3%.
Oct. 30, 2014, 8:12 AM| 2 Comments
Oct. 29, 2014, 5:30 PM
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Aug. 6, 2014, 12:58 PM
- Alpha Natural Resources (ANR +5.8%) maintains strong gains after reporting Q2 results that are less bad than expected: Quarterly losses continued to widen, but Q2's $0.56/share loss was handily better than the expected $0.75 loss, and revenues tumbled 21% Y/Y to $1.1B but they also beat expectations.
- ANR's adjusted cost of coal sales for its eastern mines - spanning the Appalachian region in Pennsylvania, West Virginia and Kentucky - fell to $62.01/ton in Q2, down 6% from $65.73 in Q1, a drop that provided a $45M tailwind, according to Brean Capital analyst Lucas Pipes.
- ANR cut its forecast range for annual shipments from the Powder River Basin by 3M tons to 34M-37M tons.
- Q2 shipments of metallurgical coal fell to 4.5M tons from 5.6M tons a year earlier, and said that while pricing for the steelmaking coal may have bottomed, it does not yet see an imminent catalyst to spur a pricing uptick in the near term.
Aug. 6, 2014, 7:01 AM| 4 Comments
Aug. 5, 2014, 5:30 PM
- ANR, AOL, APO, ARIA, AVA, AVT, BRKR, CEQP, CHK, CLH, CMLS, CNP, CONE, CSTE, CTSH, DBD, DISH, DNR, DVN, DWSN, EE, ELOS, GEO, GOV, GWPH, HFC, HNT, INXN, IPXL, ITC, KELYA, LINC, LIOX, MDLZ, MEMP, MVIS, NAVB, NUS, PERI, PH, PKD, POWR, RDC, RL, ROC, SBGI, SE, SEP, SF, SJI, SKYW, STWD, TAP, THI, TRGT, TWX, VC, VIAB, VITC, VOYA, WD, WIX, WPX, ZINC
Jul. 29, 2014, 10:33 AM
- Arch Coal (ACI +3.5%) moves higher after its Q2 earnings loss came in better than expected as operating costs per ton fell 7%.
- Q2 sales fell 7% Y/Y to $713.8M, missing analyst consensus, but operating costs per ton fell to $20.55 from $21.19.
- ACI lowers its FY 2014 sales volume targets, including cutting its thermal sales volumes forecast to 124M-130M tons from 124M-132M tons to reflect the effects of transportation bottlenecks and the impact of a fall in steel production.
- Other coal names also are higher: ANR +4.3%, ARLP +2.4%, PVA +1.9%, WLB +1.9%, BTU +1.4%, RNO +0.9%, WLT +0.8%, KOL +0.4%.
May 1, 2014, 3:24 PM
- Shares of Alpha Natural Resources (ANR +5.5%) and Walter Energy (WLT -4.2%) are moving in different directions as ANR beats Q1 earnings expectations and WLT falls well short.
- ANR now expects to ship 15M-18M tons of met coal this year, down from an earlier forecast of 16M-20M tons, but Sterne Agee analysts were pleased to see more industry met supply rationalization; management expects met markets to tighten in 2015 as stockpiles for all regions are now below normal.
- Cowen analysts are gloomy about WLT; with Canadian operations shutting down, the outlook comes down to operating performance at Mine No. 4/7 and maintaining liquidity until seaborne met pricing recovers.
May 1, 2014, 7:04 AM| 2 Comments
Apr. 30, 2014, 5:30 PM
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ANR vs. ETF Alternatives
Alpha Natural Resources Inc along with its subsidiaries is engaged in extracting, processing and marketing steam and metallurgical coal from surface and deep mines, and sells it to electric utilities, steel and coke producers, and industrial customers.
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