Alpha Natural Resources posts $52.84 million September operating loss

By Caroline Salls

Pittsburgh, Oct. 27 – Alpha Natural Resources, Inc. reported a $52.84 million loss from operations for September on $233.33 million in total revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, Alpha Natural posted a $36.11 million loss from operations for the period of Aug. 3 through Aug. 31 on $305.34 million in total revenue.

Net income for September was $1.43 million, improving from a $636.4 million net loss for the August period.

In addition, the company listed $907.28 million in cash and cash equivalents as of Sept. 30, up from $635.29 million at the end of August.

Alpha Natural Resources is a Bristol, Va., coal miner that filed bankruptcy on Aug. 3. The Chapter 11 case number is 15-33896.

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