Alpha Natural reported a fourth-quarter loss of 52 cents a share. Analysts surveyed by Capital IQ expected a loss of 62 cents a share. Revenue fell 29.8% in the quarter to $1.09 billion; analysts were expecting revenue of $1.17 billion.
The quarter included a $205.1 million tax charge and a $7.4 million loss on early debt extinguishment. The company also saw income tax expense rise to $92.5 million from $26.8 million.
The coal producer sold 20.6 million tons of coal in the fourth quarter, compared to 25.9 million in the year-ago quarter.
For 2013, Alpha Natural posted a loss of $1.11 billion, or $5.04 a share. That's narroweer than its loss of $2.44 billion, or $11.06 a share, in the previous year.
TheStreet Ratings team rates ALPHA NATURAL RESOURCES INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALPHA NATURAL RESOURCES INC (ANR) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."