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Earnings Overview - Alpha Natural Resources

LONDON, March 13, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free earnings review on Alpha Natural Resources Inc. (NYSE: ANR). On February 12, 2015, the company announced its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Alpha%20Natural%20Resources&d=13-Mar-2015&s=ANR to read our free earnings review on Alpha Natural Resources Inc. (Alpha). The company reported total revenues of $1.07 billion for Q4 FY14 and $4.29 billion for FY14.  Alpha also reported adjusted EBITDA of $102.57 million in Q4 FY14 and $498.24 million for full-year FY14. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Alpha%20Natural%20Resources&d=13-Mar-2015&s=ANR

Earnings Overview 

During Q4 FY14, Alpha's total revenues fell by $23.09 million from $1.09 billion in Q4 FY13. The company's Q4 FY14 total revenues outperformed Bloomberg analysts' forecast of $994.33 million. Alpha's coal revenues declined to $931.54 million in Q4 FY14 from $965.57 million in Q4 FY13. For Q4 FY14, Freight and handling revenues, and other revenues came in at $118.49 million and $20.60 million, respectively, compared with $109.53 million and $18.60 million, respectively, in Q4 FY13. Free research on ANR can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Alpha%20Natural%20Resources&d=13-Mar-2015&s=ANR

For Q4 FY14, Alpha's metallurgical coal shipments were 4.9 million tons compared with 4.4 million tons in Q4 FY13. The company shipped 9.8 million tons of Powder River Basin (PBR) coal during the reported quarter compared with 9.3 million tons in Q4 FY13. The company's Eastern steam coal shipments were 7.3 million tons in Q4 FY13 compared with 6.8 million tons in Q4 FY13. The cost of coal sales per ton in the East averaged $55.55 in Q4 FY14 compared with $68.85 in Q4 FY13. Furthermore, cost of coal sales per ton for Alpha Coal West's PRB mines was $11.16 in Q4 FY14 compared with $10.29 in Q4 FY13.

In Q4 FY14, Alpha's net loss narrowed down to $121.66 million, or $0.55 loss per diluted share, from net loss of $358.79 million, or $1.62 loss per diluted share, in Q4 FY13. Analysts from Bloomberg had expected net loss of $156.80 million, or $0.68 loss per diluted share, in Q4 FY14. Moreover, the company's adjusted EBITDA for Q4 FY14 increased by $31.16 million from $71.42 million in Q4 FY13.

During Q4 FY14, Alpha received approximately $75 million in cash from the sale of AMFIRE assets and $15 million from the sale of its joint venture interest in Coal Handling Solutions. In the reported quarter, cash used in operating activities stood at $31 million compared with cash used in operating activities of $70 million in Q4 FY13. Sign up and read the free analyst's notes on ANR at:

http://get.Investor-Edge.com/pdf/?c=Alpha%20Natural%20Resources&d=13-Mar-2015&s=ANR

For FY14, Alpha's total revenues fell by $666.43 million from $4.95 billion in FY13. Alpha reported net loss of $874.96 million, or $3.95 loss per diluted share in FY14, compared to net loss of $1.11 billion, or $5.04 loss per diluted share, in FY13. Analysts from Bloomberg had expected net loss of $920.83 million, or $4.12 loss per diluted share, on total revenues of $4.22 billion in FY14. Moreover, Alpha's FY14 adjusted EBITDA increased by $199.50 million from $298.74 million in FY13.

For full-year FY14, cash used in operating activities totaled $283.86 million compared to cash provided by operating activities of $109.02 million in FY13. As of December 31, 2014, Alpha had total liquidity of $2.15 billion, consisting of cash, cash equivalents and marketable securities of $1.27 billion.

Chairman and CEO of Alpha, Kevin Crutchfield, stated that 2014 was yet again a challenging year for the coal industry. Against this backdrop, the company continues to adjust its production base and cost structure to align with current market conditions, he added. These actions are yielding results as shown by the strong 2014 cost performance in the East, he asserted.

Looking at FY15, Alpha expects to ship between 69 and 80 million tons, including 14 to 17 million tons of Eastern metallurgical coal, 19 to 23 million tons of Eastern steam coal, and 36 to 40 million tons of Western steam coal. The company anticipates Eastern adjusted cost of coal sales per ton to be between $58.00 to $64.00, while Western adjusted cost of coal sales per ton is expected to be between $10.00 and $11.00 in FY15. Visit Investor-Edge and access the latest research on ANR at:

http://get.Investor-Edge.com/pdf/?c=Alpha%20Natural%20Resources&d=13-Mar-2015&s=ANR

Stock Performance 

On the day of the earnings release, February 12, 2015, Alpha's stock surged 4.20% to end the session at $1.24. Since then, the stock has moved both ways. On the last close, Thursday, March 12, 2015, the company's shares finished 6.45% lower at $0.94, after vacillating between $0.93 and $1.04. A total of 3.82 million shares were traded which was below their three months average volume of 6.53 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 10.86% and 23.80%, respectively. Further, the stock has declined 37.84% in the past three months. Shares in Alpha are trading below their 50-day and 200-day moving averages of $1.24 and $2.48, respectively.    

Sneak Peek to Corporate Insider Trading 

In the last one month, Alpha has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on ANR is available at:

http://get.Investor-Edge.com/pdf/?c=Alpha%20Natural%20Resources&d=13-Mar-2015&s=ANR

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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EDITOR'S NOTES:

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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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SOURCE Investor-Edge

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