Contura Energy announces $150 million share repurchase program
Contura Energy announces $15...
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Contura Energy announces $150 million share repurchase program

7 March 2022
2813
1 min.
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Contura Energy announces $150 million share repurchase program

Company on the stock market

Contura Energy, known as Alpha Metallurgical Resources (NYSE: AMR), the US coal supplier today released its Q4th and FY2021 results report.

The company's shares have added 20.30% over the last five days. It is worth noting that the company's stock has a minimum value of $93.79 in the last five days and a maximum value of $130.42.

On the last day of trading last week, Alpha Metallurgical Resources shares closed at $116.15. However, in today's trading, the stock opened lower at US$120.46.

At the time of writing at 12:52AM eastern time, the total volume of shares bought and sold so far during the period since the start of the trading day (Volume) is 667,844. Also, the average daily trading volume in units (Avg. Volume) is 328,308.

The company has a market capitalisation of 2.135B as of today.

Report from coal supplier

Thus, in its report, the company reported a net profit of $254.5 million from continuing operations for the fourth quarter of 2021.

It also wrote in the report a record adjusted EBITDA of US$315.8 million for the fourth quarter of 2021.

Further reduction in long term debt through early principal repayments of US$50 million.

Alpha Metallurgical Resources announced a US$150 million share buyback programme.

Also, the refinancing of the asset-based revolving credit facility (ABL) was completed.

AMR or Contura Energy was founded in 2016. David J. Stetson is Chairman and CEO of the Company, Andy Eidson is President and CFO, Daniel Horn is EVP and CCO of the Company, Roger Nicholson is EVP, CAO, General Counsel and Secretary and Jason Whitehead is EVP and COO.

Persons5 and Companies1 in the news

Executive Vice President and Chief Operating Officer at Contura Energy
1 place
Executive Vice President, Chief Administrative Officer, General Counsel and Secretary at Contura Energy
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Executive Vice President and Chief Commercial Officer at Contura Energy
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President and Chief Financial Officer at Contura Energy
4 place
Chair and Chief Executive Officer at Contura Energy
5 place
Contura Energy
1 place
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