Alpha Natural Resources reports second-quarter loss after merger
- September 19, 2011
Abingdon-based coal producer Alpha Natural Resources Inc. reported a second-quarter loss of $56.4 million or 36 cents per diluted share.
Second-quarter results included $254.4 million of pre-tax expenses related to the company’s June acquisition of Richmond-based Massey Energy Co.
Alpha had a profit of $38.8 million, 32 cents per diluted share last year.
The second-quarter 2011 loss from continuing operations was $56.4 million or 36 cents per diluted share. Alpha had income from continuing operations of $39.2 million or 32 cents per diluted share, in the second quarter of 2010.