Alpha Natural Resources Q4 Loss Widens - Quick Facts

(RTTNews) - Coal producer Alpha Natural Resources, Inc. (ANR) Wednesday reported fourth-quarter net loss of $358.79 million or $1.62 per share, wider than $127.58 million or $0.58 per share in the prior year.

Adjusted net loss was $0.52 per share, while the company posted adjusted net loss of $0.19 per share in the fourth quarter of 2012.

On average, 25 analysts polled by Thomson Reuters expected the company to report a loss of $0.62 per share for the quarter. Analysts' estimates typically exclude special items. Total revenues for the quarter fell to $1.09 billion from $1.56 billion a year earlier. Analysts estimated revenues of $1.18 billion for the quarter. Coal revenues were $1.0 billion, down from $1.4 billion in the year-ago period.

"2013 was a challenging year for Alpha and the coal industry. After completing an extensive restructuring initiative in 2012, we announced further cost reductions in the fall of 2013 to better match our production and overhead expenses with current and anticipated market conditions," said Kevin Crutchfield, chairman and CEO.

For 2014, Alpha now expects to ship between 77 and 90 million tons.