Contura Energy's Q3 met shipments up on year as producer pushes stronger met position

摘要

Houston—While Contura Energy’s revenues remained down on year, met coal shipments were up, compared to strong drops in its thermal coal segments, as the company transitions to a stronger met position, executives said Nov 9. “The CAPP Thermal reduction relative to 2019 is part of our ongoing and planned strategic focus toward moving toward a pure-play met company,” Charles Eidson, executive VP, CFO and treasurer said during Contura's third-quarter earnings call regarding the company's changing portfolio.