Alpha Natural trimmed its loss to $55.7 million, or 25 cents a share, from a loss of $110.8 million, or 50 cents a share, in the same period one year earlier. Revenue dropped 16.6% to $1.11 billion from $1.33 billion. Costs and expenses fell 10.8% to $1.31 billion from $1.46 billion.
The company sold 21.4 million tons of coal in the quarter ended March 31, a year-over-year decrease from 22.9 million tons. The weighted average coal margin per ton dropped year over year to $3.21 from $6.12.
Separately, 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 multiple 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, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."