UPDATE: Alpha Natural Resources Beats Street With Q4 EPS, Revenues In Line; Shares Cruise 12% Higher
Alpha Natural Resources ( ANR ) reported a Q4 loss of $0.19 per share, ex one-time items, far better than the Capital IQ consensus of $0.52 loss per share. Revenues were $1.56 mln, matching the analyst estimate.
The company expects to ship between 81 and 92 mln tons during 2013, including 19 to 22 mln tons of Eastern metallurgical coal, 25 to 30 mln tons of Eastern steam coal, and 37 to 40 mln tons of Western steam coal out of the PRB.
Shares of ANR are up 11.7% to $9.48 in a 52-week range of $5.28 - $21.19.