Contura Confirms Receipt of Anticipated $67 Million AMT Refund
11/10/2020 - 04:05 PM
BRISTOL, Tenn. , Nov. 10, 2020 /PRNewswire/ -- Contura Energy, Inc. (NYSE: CTRA), a leading U.S. supplier of metallurgical products for the steel-making industry, today announced the receipt of its expected $66.1 million
"As we mentioned in our earnings disclosures yesterday, we have been expecting the accelerated AMT refund to arrive, and I am pleased to confirm that these funds were received today," said Andy Eidson , Contura's chief financial officer. "The receipt of this refund is a welcome $67 million
ABOUT CONTURA ENERGY Contura Energy (NYSE: CTRA) is a Tennessee -based coal supplier with affiliate mining operations across major coal basins in Pennsylvania , Virginia and West Virginia . With customers across the globe, high-quality reserves and significant port capacity, Contura Energy reliably supplies metallurgical coal to produce steel. For more information, visit www.conturaenergy.com .
FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. These forward-looking statements are based on Contura's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Contura's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Contura to predict these events or how they may affect Contura. Except as required by law, Contura has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur.
INVESTOR CONTACT investorrelations@conturaenergy.com
Alex Rotonen , CFA
MEDIA CONTACT corporatecommunications@conturaenergy.com
Emily O'Quinn
http://www.prnewswire.com/news-releases/contura-confirms-receipt-of-anticipated-67-million-amt-refund-301170234.html
SOURCE Contura Energy, Inc.
CTRA Rankings
#2763 Ranked by Stock Gains
CTRA Stock Data
Industry
Crude Petroleum and Natural Gas Extraction
Sector
Mining, Quarrying, and Oil and Gas Extraction
Tags
Energy Minerals, Coal, Mining, Quarrying, and Oil and Gas Extraction, Bituminous Coal and Lignite Surface Mining
Country
US
City
Houston
About CTRA
cimarex energy, co. (nyse: xec) is a denver-based independent exploration and production company with operations in oklahoma, texas, new mexico and kansas. the majority of our activity is currently in the permian basin and the cana–woodford shale play in western oklahoma. we pride ourselves on a strong technical team. the cornerstone to the cimarex approach is detailed pre- and post-drill economic evaluation of after-tax rate of return on invested capital for every well drilled. we continually strive to maximize cash flow from producing properties for reinvestment in drill-bit driven growth opportunities. we rely heavily on our geoscientists to generate drilling prospects. we have decentralized exploration teams who are experts in their regions. a cornerstone to our approach is detailed evaluation of each drilling decision based on its risk-adjusted discounted cash flow rate of return on investment. our analysis includes estimates and assessments of potential reserve size, geologic and
