Contura Announces Preliminary First Quarter Results

BRISTOL, Tenn., May 12, 2017 – Contura Energy, Inc. today announced its preliminary, unaudited first quarter 2017 results.

Highlights for the first quarter include:

• Coal revenue of $509 million, including $149 million from CAPP and $167 million from Trading and Logistics
• Adjusted EBITDA range between $120 million and $135 million
• Unrestricted cash balance of $241 million at the end of March

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Contura Announces Filing of S-1 Registration Statement

BRISTOL, Tenn., May 8, 2017 – Contura Energy, Inc. today announced the filing of a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common stock. All shares to be sold in the IPO are proposed to be sold by selling shareholders. The number of shares to be offered and the price range for the offering have not yet been determined. In connection with the proposed IPO, Contura intends to apply to list its common stock on the New York Stock Exchange (NYSE) under the symbol “CTRA.”

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Contura Affiliate Operations Receive Awards for Mine Safety and Health

BRISTOL, Tenn., April 5, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced that three affiliate operations have received the Mine Safety and Health Training Award from the Interstate Mining Compact Commission (IMCC). The awards were presented April 4 in Williamsburg, Va. at the IMCC annual awards banquet. Dickenson-Russell Contura, LLC’s McClure River Plant and Paramont Contura, LLC’s Toms Creek Complex were honored in the coal surface division, while Paramont Contura, LLC’s Deep Mine 41 received the award in the coal underground division.

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Contura Announces Fourth Quarter and Formation to Year End(1) Results

BRISTOL, Tenn., March 31, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the fourth quarter and the period from July 26, 2016 to December 31, 2016 (“formation to year end”). These figures update the preliminary results announced on February 21, 2017 for the same reporting periods.

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Contura Announces Successful Refinancing Through $400 Million Term Loan Credit Facility

Transaction Includes the Redemption of 10.00% Senior Secured First Lien Notes Due 2021

BRISTOL, Tenn., March 17, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced the completion of its refinancing process through the entering of a $400 million term loan credit facility, the marketing of which was previously announced in late February. Through this refinancing, Contura extended its debt maturity profile by two and a half years, to 2024. The interest rate for the new term loan facility is LIBOR plus five percent, with a one percent LIBOR floor.

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Contura Increases Export Capacity Through Strategic DTA Ownership Transaction

BRISTOL, Tenn., March 7, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced its successful bid to significantly increase the company’s ownership stake in Dominion Terminal Associates (DTA), a world-class coal export facility located in Newport News, Virginia. Upon closing, Contura will hold a sixty-five percent majority ownership in the facility through its affiliate, Contura Terminal, LLC.

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Contura’s Running Right Leadership Academy Honored for Health and Safety Operational Excellence

BRISTOL, Tenn., February 22, 2017 – Contura Energy, Inc. announced today that the Running Right Leadership Academy (RRLA), owned by Contura Energy Services, LLC, has received the Health & Safety Operational Excellence Award from the Society for Mining, Metallurgy & Exploration (SME). The award recognizes exemplary occupational health and safety management performance and practices, and the honor was formally presented during the SME annual meeting in Denver.

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Contura Announces Marketing of Term Loan Facility

Company Also Reports Preliminary, Unaudited 2016 Fourth Quarter and Formation to Year End Results

BRISTOL, Tenn., February 21, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced that it has commenced a refinancing process with the marketing of a new $400 million term loan facility. If the proposed refinancing is successful, the proceeds of the term loan facility will be used to refinance the Company’s existing credit facilities, retire its outstanding notes, repay certain other long-term liabilities, pay related fees, costs and expenses, and for general corporate purposes. There can be no assurance that the term loan facility, the completion of which is subject to market conditions and other considerations, will be syndicated on terms satisfactory to the Company or in the amount referenced above.

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Contura Announces Results for the Period from July 26, 2016 to September 30, 2016

BRISTOL, TN, November 29, 2016 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the period from July 26, 2016 to September 30, 2016.

Highlights for the reported period include:

  • Net Loss of $51 million on revenue of $245 million
  • Adjusted EBITDA $26 million
  • Well-capitalized balance sheet, including unrestricted cash of $72 million
  • Successfully completed the acquisition of high quality coal assets in Central Appalachia, Northern Appalachia and Powder River Basin
  • Contura introduces 2017 guidance
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Contura Energy Reaches Proposed Resolution of West Virginia Litigation

BRISTOL, TN, November 29, 2016 – Contura Energy, Inc. today announced a proposed resolution of recent filings by the West Virginia Department of Environmental Protection (WVDEP) in the United States Bankruptcy Court, Eastern District of Virginia in connection with the successful restructuring of Alpha Natural Resources and the previously announced settlements of issues related to the implementation of Alpha’s plan of reorganization.

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