Contura Announces Partial Draw Down of Revolving Credit Facility

BRISTOL, Tenn., March 23, 2020 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the Company has drawn down $57.5 million in principal amount under its revolving credit facility as a proactive, precautionary measure in light of the COVID-19 pandemic and its potential effects upon national and world economies.

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Earnings Call Rescheduled for 2:00 p.m. Today Due to Third-Party Technical Difficulties

BRISTOL, Tenn., March 18, 2020 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the rescheduling of this morning’s earnings call due to technical issues with a third-party provider.

The earnings call with Contura management has been rescheduled for this afternoon, March 18, at 2:00 p.m. eastern time.

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Contura Announces Fourth Quarter 2019 Results

• Net Loss from continuing operations of $192 million for the fourth quarter 2019 included a pre-tax non-cash asset impairment charge of $60 million and a goodwill impairment of $124 million
• Adjusted EBITDA(1) of $31 million for the fourth quarter 2019(2)
• Reducing 2020 capital expenditures guidance by $30 million, maintaining other guidance

BRISTOL, Tenn., March 18, 2020 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the fourth quarter ending December 31, 2019.

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Contura to Announce Fourth Quarter 2019 Financial Results on March 18

BRISTOL, Tenn., March 12, 2020 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the fourth quarter 2019 before the market opens on Wednesday, March 18, 2020.

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Updated Dial-In Information for Exchange Call with Contura Management

BRISTOL, Tenn., February 10, 2020 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced updated dial-in information for the exchange call with Contura management occurring February 11 at 2:00 p.m. EST.

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Contura Announces Updated 2020 Guidance and Certain Preliminary, Unaudited Fourth Quarter 2019 Results

Exchange Call with Contura Management on February 11

• Coal revenues of $497 million and coal revenues excluding freight and handling fulfillment revenues(1) of $424 million for the fourth quarter
• 6 million tons of coal sold in the quarter
• Year-end unrestricted cash balance of $213 million; total liquidity of $328 million

BRISTOL, Tenn., February 10, 2020 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced updated guidance for 2020 as well as certain preliminary, unaudited financial results for the fourth quarter of 2019. The company expects to announce its audited financial results for full-year and fourth quarter 2019 on or about March 13, 2020.

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Scott Vogel Joins Contura Board

BRISTOL, Tenn., December 23, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that Scott D. Vogel has been appointed to the company’s board of directors, effective December 20, 2019.

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Contura Announces Partial Idling of Cumberland Mine

Support Functions Idled to Reduce Mine Costs Over the Weekend

BRISTOL, Tenn., November 15, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the temporary idling of certain support functions at its Cumberland longwall mine in Greene County, Pennsylvania. Due to adverse seam geology in the form of a soft fire clay bottom on the longwall section, and in an effort to reduce mine costs, management made the decision the afternoon of November 14 to temporarily idle support functions, including continuous miner development and preparation plant facilities, effective Friday, November 15. The partial idling of Cumberland mine is anticipated to end on or before Monday, November 18, when the mine is expected to return to more manageable bottom conditions. Support functions will resume once the temporary idling is complete.

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Contura Announces Third Quarter 2019 Results

BRISTOL, Tenn., November 14, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the third quarter ending September 30, 2019.

Highlights include:

• Net Loss from continuing operations of $(44) million for the third quarter 2019 compared with Net Income of $24 million in the second quarter and $14 million in the same period last year(1)
• Adjusted EBITDA(3) of $40 million for the quarter compared with $141 million in the second quarter and $39 million in the same period last year(1)
• Returned $32 million to shareholders in the third quarter through share repurchases
• Updating 2019 guidance and introducing 2020 guidance
• Closed transaction on October 18 with Eagle Specialty Materials related to Powder River Basin

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Contura Announces Executive Leadership Changes

BRISTOL, Tenn., November 8, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced upcoming changes to its executive leadership team as approved by Contura’s board of directors on November 6, 2019.

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Contura to Announce Third Quarter 2019 Results on November 14

BRISTOL, Tenn., October 31, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the third quarter 2019 before the market opens on Thursday, November 14, 2019.

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Contura Announces Closing of Transaction with Eagle Specialty Materials Related to Powder River Basin Mines

BRISTOL, Tenn., October 21, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the closing on October 18, 2019 of its previously announced transaction with Eagle Specialty Materials, LLC (Eagle Specialty Materials), an affiliate of FM Coal, LLC (FM Coal), in connection with Eagle Specialty Materials’ concurrent acquisition of the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin (PRB) in Campbell County, Wyoming (Western Assets).

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Contura Announces Agreement to Resolve Reclamation Obligations Related to Powder River Basin Mines

Deal Allows for the Replacement of $237M in Contura-Held Reclamation Bonds and Related Collateral

BRISTOL, Tenn., September 18, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that it has entered into an agreement with Eagle Specialty Materials, LLC (Eagle Specialty Materials), an affiliate of FM Coal, LLC, related to Eagle Specialty Materials’ interest in acquiring and operating the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin (PRB) in Campbell County, Wyoming. Subject to the completion of certain agreements with other private and governmental interested parties, the approval of regulatory and legal authorities, the occurrence of the closing and certain other covenants and conditions, Contura will be released of any and all bonding, reclamation, and operational liabilities related to the two PRB mines.

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Emily Medine Appointed to Contura Energy’s Board of Directors

BRISTOL, Tenn., September 11, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that Emily S. Medine has been appointed to the company’s board of directors, effective September 10, 2019. Ms. Medine currently serves as a principal in the coal practice for Energy Ventures Analysis, Inc. (EVA).

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Contura Subsidiary Receives National Reclamation Award

BRISTOL, Tenn., September 10, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading coal supplier, today announced that one of its affiliate operations, Paramont Contura, LLC’s 88 Strip surface mine, earned the 2019 Outstanding Reclamation Award in the coal category given by the National Association of State Land Reclamationists (NASLR). The award was presented September 9 in a ceremony at the NASLR annual conference in Pittsburgh, Pa.

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Contura Announces $100 Million Stock Repurchase Plan

BRISTOL, Tenn., August 29, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that its Board of Directors has approved a stock repurchase plan (the “Company Repurchase Plan”) to acquire up to $100 million in the aggregate of the company’s common stock at prices as set forth in such plan over a specified period, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.

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Contura Announces Second Quarter 2019 Results

BRISTOL, Tenn., August 14, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the second quarter ending June 30, 2019.

Highlights include:

• Net Income from continuing operations of $24 million for the second quarter 2019 compared with $8 million in the first quarter and $75 million in the same period last year(1)
• Adjusted EBITDA(3) of $141 million for the quarter compared with $83 million in the first quarter and $86 million in the same period last year(1)
• Significant operational cost improvements in each operating segment compared to the first quarter 2019
• Experienced coal executive David Stetson appointed as the company’s CEO and member of the board on July 29; elected chairman on August 12
• Updating 2019 guidance

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Contura Announces Board and Leadership Changes

BRISTOL, Tenn., August 13, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced a number of changes to both its board of directors and senior management.

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Contura to Announce Second Quarter 2019 Results on August 14

BRISTOL, Tenn., August 8, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the second quarter 2019 before the market opens on Wednesday, August 14, 2019.

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Contura Appoints David Stetson as Chief Executive Officer and Member of the Board

BRISTOL, Tenn., July 29, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that its board of directors has unanimously appointed David J. Stetson as the company’s new chief executive officer and as a member of the board, effective July 29, 2019. Mr. Stetson previously served on Contura’s board of directors from November 2018 through April 2019. “Since we began this search process, our board has focused on identifying a candidate with the right mix of coal market acumen, robust executive experience, strategic ability, and natural leadership talent to create value for Contura’s shareholders,” said board chairman, Neale Trangucci. “David exemplifies these qualities and, combined with his existing familiarity with many of Contura’s operational assets, will no doubt hit the ground running in leading Contura forward.”

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