Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Advertisement

Header Primary Menu

  • Issues
    • June 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Home News Industries Energy/Green Alpha Natural Resources loss widens in second quarter

Alpha Natural Resources loss widens in second quarter

Published August 6, 2014 by Jessica Sabbath

Alpha Natural Resources reported lower revenues and bigger losses in the second quarter amid a weak coal market. The coal producer, however, beat analyst expectations.

The Bristol-based company announced Wednesday that revenues fell 21 percent during the quarter to $1.05 billion from $1.3 billion druing the same period the previous year.  Analysts had predicted revenue of $1.03 billion.

The company said that its quarterly loss had widened to $513 million, or $2.32 per diluted share, compared with $185.7 million, or 84 cents per diluted share, a year ago. That second-quarter 2014 loss includes a $309 million impairment charge.

Excluding the charge, the company would have reported a loss of $123 million, or 56 cents per share. Analysts had predicted a loss of 59 cents per share.

Alpha Natural Resources blamed the tough coal market for its lower revenues. The coal industry faces increased regulatory requirements and competition from low natural-gas prices and increased worldwide coal production.

“Coal markets remained extremely challenging in the second quarter,” Kevin Crutchfield, chairman and CEO of Alpha, said in a statement.

The company has announced plans to lay off 1,100 mine workers in West Virginia to save costs.

Related Stories

Virginia Business logo

Alpha Natural Resources unit opening London office

Virginia Business logo

Alpha may idle six mines and a processing plant before their sale

Virginia Business logo

Dominion, Appalachian Power team up to expand energy storage

Electric utility giants to develop more capacity in SWVA

Trending

Sentara taps new president and CEO

Corsicana Mattress Co. closing Chesterfield plant in Aug.

Va. Tech receives $1M gift for learning accelerator

Amtrak to boost service in Norfolk, Roanoke, Newport News

Barkin: Inflation high, but Fed has tools to contain it

Sponsored Stories

What can Supply Chain Consultants do for me?

The Lowdown on Downloads for Your Online Experience

5 Benefits of Treasury Management Services from Atlantic Union Bank

Creating An Urban Destination in Chesapeake

Advertisement

Advertisement

Trending

Sentara taps new president and CEO

Corsicana Mattress Co. closing Chesterfield plant in Aug.

Va. Tech receives $1M gift for learning accelerator

Amtrak to boost service in Norfolk, Roanoke, Newport News

Barkin: Inflation high, but Fed has tools to contain it

Sponsored Stories

What can Supply Chain Consultants do for me?

The Lowdown on Downloads for Your Online Experience

5 Benefits of Treasury Management Services from Atlantic Union Bank

Creating An Urban Destination in Chesapeake

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2022 Virginia Business. All rights reserved.

Site Maintained by TechArk