Contura Energy (CTRA) Reports Q1 Revenues Beat

Contura Energy (NYSE: CTRA) reported Q1 EPS of ($2.18), $0.57 worse than the analyst estimate of ($1.61). Revenue for the quarter came in at $470.46 million versus the consensus estimate of $424.1 million.

"Among the most significant takeaways from Contura's first quarter was our team's standout performance controlling costs," said chairman and chief executive officer, David Stetson. "Despite the unexpected headwinds and uncertainty of the coronavirus pandemic, we were still able to deliver on our operational cost containment goals which resulted in a superb quarter with strong EBITDA."

Jason Whitehead, Contura's chief operating officer, commented on the exceptional cost performance for the quarter saying, "I'm proud to announce that our operations teams continued to build on our enhanced productivity measures, with our CAPP - Met cost per ton reaching multi-year lows during the quarter. We are also back to full staffing and operation as of May 4 with nearly all of our previously-furloughed employees having returned to work."

For earnings history and earnings-related data on Contura Energy (CTRA) click here.

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