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Coal company: Contura Energy, Inc. (CTRA) (2016)

Contura Energy, Inc. (NYSE:CTRA) was founded on June 10, 2016 and is headquartered in Bristol, Tennessee, USA, with 4,530 full-time employees. It is a coal resources company in Pennsylvania, Virginia, West Virginia and Wyoming. Conduct mining operations in several major coal mine basins.

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Contura Energy (CTRA):

Contura Energy is a Delaware company incorporated on June 10, 2016, and started operations on July 26 of the same year to inherit Alpha Natural Resources ‘ coal business as part of the latter’s reorganization. Contura Energy relies on customers all over the world, high-quality reserves, and important port capacity to reliably supply metallurgical coal to steel producers and thermal coal power generation companies.

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In the first three months ending March 31, 2017, Contura Energy:

  • Sell ​​13.1 million tons of coal (16% coking coal (met coal) and 84% steam coal (steam coal));
  • Coal revenue was US$509 million (63% coking coal, 37% steam coal), and total revenue was US$573 million;
  • The net income generated was US$37 million, and the adjusted EBITDA was US$129 million.

Compared to the fiscal year ended December 31, 2016, Contura Energy:

  • Sales of 46.7 million tons of coal (12% coking coal and 88% steam coal);
  • Coal revenue was 1.15 billion US dollars (coking coal accounted for 40%, steam coal 60%), and total revenue was 1.297 billion US dollars;
  • The net loss was US$63 million and the adjusted EBITDA was US$177 million.

Contura Energy (CTRA) Mine:

Northern Appalachia, Pennsylvania

  • Cumberland – Underground

VA Central Appalachia, West Virginia

  • Cabin Ridge – Surface (VA)
  • Deep Mine #26 – Underground (VA)
  • Deep Mine 41 – Underground (VA)
  • 88 Strip – Surface (VA)
  • Deep Mine #25* – Underground (VA)-contract mine
  • No. 10 (Bear Ridge Upper Banner)-contract mine
  • Deep Mine 37* – Underground (VA)-contract mine
  • Deep Mine 44* – Underground (VA)-contract mine
  • OMM (Reedy Ridge)*-Underground (VA)-contract mine
  • Jerry Fork Eagle – Underground (WV)

Powder River Basin, Wyoming

  • Belle Ayr-Surface Mine
  • Eagle Butte-Surface Mine

Contura Energy (CTRA) investment:

Contura Energy, Inc. (NYSE:CTRA) submitted its IPO prospectus on 5/8/2017 and plans to land on the NYSE on 8/10/2017. The issue price is US$23.00-27.00, 6 million shares are issued, and 186.3 million funds are raised. USD, stock code: CTRA.

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