UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38735 CONTURA ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 81-3015061 (State or other jurisdictio ...

Financial Data and Key Metrics Changes - The company reported an exceptional EBITDA of $60 million for Q1 2020, nearly doubling from the previous quarter, driven by outstanding cost performance [6][18] - The Central Appalachian (CAPP) met coal net cost reached a multiyear low of $70.68 per ton, down 17% from $82.36 in Q4 2019 and a staggering 34% reduction from Q1 2019's cost of $94 per ton [6][18] - The company ended the quarter with approximately $227 million in unrestricted cash and $156 million of restricted cash, totaling $257 million in liquidity [14][8] Business Line Data and Key Metrics Changes - CAPP met coal generated $69 million of EBITDA during the quarter, while the two thermal segments in Central Appalachian and Northern Appalachian combined added another $2 million of EBITDA [18] - CAPP met coal shipments remained robust at 3.3 million tons, matching Q4 2019 shipments, while revenue per short ton slightly declined by $2.18 to $92.80 [20] - CAPP thermal sales tonnage declined by 31%, resulting in a $15 million decline in CAPP thermal revenues [20] Market Data and Key Metrics Changes - The first quarter met coal prices were challenging, with a significant price decline observed due to the COVID-19 pandemic, with high-vol A market prices dropping by 13% and Australian premium hard coking spot prices declining by 26% in April [9][10] - Global crude steel production declined by 6% compared to March 2019, with European production down 20% and North and South American production declining nearly 10% [10] - The manufacturing PMI index fell to 36.1 in April from 48.5 in March, indicating contracting business conditions [10] Company Strategy and Development Direction - The company is committed to an aggressive cash preservation strategy and has implemented cost-cutting measures to secure long-term viability and profitability [7][8] - Capital projects are continuing as planned, with no impact on timelines despite the current market conditions [27] - The company aims to transition to a more nimble operation, focusing on efficiency at both operating and corporate levels [6][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unprecedented uncertainty due to the coronavirus pandemic and its impact on global economies [5][11] - The company suspended its 2020 guidance due to the difficulty in predicting future market conditions [13] - Management expressed optimism about the company's ability to navigate the challenges ahead, citing a solid financial foundation and strong fundamentals [11][8] Other Important Information - The company expects to receive an accelerated AMT tax refund of approximately $68 million in early Q3 2020 due to the CARES Act [8][16] - The company anticipates deferring approximately $14 million of payroll taxes in connection with the coronavirus relief package [8][16] - There is an ongoing appeal regarding a demand from the Department of Labor for higher collateral amounts for black lung obligations [17] Q&A Session Summary Question: Impact of blast furnace closures on coke plants - Management confirmed that they are seeing deferrals in volumes due to blast furnace closures and are monitoring the situation closely [24][25] Question: Capital projects timeline - Management stated that there is no impact on the timeline for capital projects, which are continuing as previously indicated [27] Question: Path to positive free cash flow in 2020 - Management indicated that 2020 was setting up to be a difficult year from a cash burn perspective, and they expect to continue experiencing cash burn [28][29] Question: Sustainability of cost reductions - Management expressed that as long as production levels are maintained near capacity, the cost reductions are sustainable [32][35] Question: Update on Cumberland - Management stated there are no new updates on Cumberland beyond previous discussions, emphasizing capital preservation [44]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38735 CONTURA ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 81-3015061 (State or other jurisdicti ...

Contura Energy, Inc. (CTRA) Q4 2019 Earnings Conference Call March 18, 2020 2:00 PM ET Company Participants David Stetson - Chief Executive Officer Andy Eidson - Chief Financial Officer Jason Whitehead - Chief Operating Officer Emily O'Quinn - VP, Corporate Communications Conference Call Participants Mark Levin - Seaport Global Securities LLC Lucas Pipes - B. Riley FBR, Inc. Daniel Scott - Clarksons Platou Securities Operator Good day and welcome to the Contura Energy Fourth Quarter 2019 Results Conference ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38735 CONTURA ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 81-3015061 (State or other jurisdiction of ...

Contura Energy, Inc. (CTRA) Q3 2019 Earnings Conference Call November 14, 2019 10:00 AM ET Company Participants Alex Rotonen - Vice President of Investor Relations David Stetson - Chief Executive Officer Andy Eidson - Chief Financial Officer Jason Whitehead - Chief Operating Officer Conference Call Participants Mark Levin - Seaport Global Lucas Pipes - B. Riley FBR Operator Ladies and gentlemen, thank you for standing by and welcome to the Contura Energy Third Quarter 2019 Earnings Call. At this time, all ...

Part I [Financial Statements](index=7&type=section&id=Item%201.%20Financial%20Statements) Contura Energy reported a significant net loss for Q3 and the nine-month period of 2019, reversing prior-year net incomes, with total assets slightly decreasing and liabilities increasing [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Contura Energy reported a Q3 2019 net loss of $68.5 million and a nine-month net loss of $175.4 million, driven by increased costs despite higher revenues from the Alpha Merger | Financial Metric | Three Months Ended Sep 30, 2019 ($) | Three Months Ended Sep 30, 2018 ($) | Nine Months Ended Sep 30, 2019 ($) | Nine Months Ended Sep 30, 2018 ($) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $525,864 | $447,871 | $1,791,184 | $1,459,121 | | **(Loss) Income from Operations** | ($26,211) | $23,848 | $58,519 | $176,389 | | **Net (Loss) Income** | ($68,532) | $11,894 | ($175,378) | $142,623 | | **Diluted (Loss) Income Per Share** | ($3.60) | $1.15 | ($9.22) | $13.81 | [Condensed Consolidated Balance Sheets](index=10&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2019, total assets slightly decreased to $2.67 billion, cash declined, total liabilities increased to $1.80 billion, and stockholders' equity decreased | Balance Sheet Item | September 30, 2019 ($) | December 31, 2018 ($) | | :--- | :--- | :--- | | **Cash and cash equivalents** | $152,638 | $233,599 | | **Total current assets** | $770,464 | $829,601 | | **Total assets** | $2,669,888 | $2,746,058 | | **Total current liabilities** | $330,177 | $355,236 | | **Total liabilities** | $1,800,950 | $1,674,918 | | **Total stockholders' equity** | $868,938 | $1,071,140 | [Condensed Consolidated Statements of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2019, operating cash flow decreased, while investing and financing cash outflows significantly increased, leading to a $94.1 million net decrease in cash | Cash Flow Activity (Nine Months Ended) | September 30, 2019 ($) | September 30, 2018 ($) | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $137,578 | $176,316 | | **Net cash used in investing activities** | ($167,579) | ($71,539) | | **Net cash used in financing activities** | ($64,110) | ($14,873) | | **Net (decrease) increase in cash** | ($94,111) | $89,904 | [Notes to Condensed Consolidated Financial Statements](index=16&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Key notes include the Alpha Merger's goodwill allocation, significant losses from discontinued PRB operations due to Blackjewel's bankruptcy, adoption of ASC 842, and subsequent resolution of PRB liabilities - The company finalized the purchase price allocation for the Alpha Merger, resulting in goodwill of **$124.4 million**, attributed to anticipated synergies and deferred income taxes[36](index=36&type=chunk) - The bankruptcy of Blackjewel, the buyer of the company's former PRB operations, led to the re-recognition of asset retirement obligations and a significant loss from discontinued operations[42](index=42&type=chunk)[45](index=45&type=chunk) - Subsequent to the quarter end, the company entered into the ESM Transaction, paying **$90 million** to have Eagle Specialty Materials assume the PRB mines and their associated reclamation liabilities, expecting to resolve the issue[159](index=159&type=chunk)[161](index=161&type=chunk) - The company adopted the new lease accounting standard ASC 842 on January 1, 2019, recording operating lease right-of-use assets of **$11.8 million** and corresponding lease liabilities[31](index=31&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=46&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q3 2019 revenue growth driven by the Alpha Merger, offset by increased costs, while highlighting strong liquidity and the post-quarter resolution of PRB mine liabilities [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Q3 2019 revenues increased by **17.4%** due to higher volumes from the Alpha Merger, but significant cost increases, including a **446.1%** surge in DD&A, resulted in only a slight rise in Adjusted EBITDA | Metric (Q3 2019 vs Q3 2018) | Q3 2019 ($M) | Q3 2018 ($M) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Revenues** | $525.9M | $447.9M | +17.4% | | **Tons Sold (Thousands)** | 5,765 | 3,879 | +48.6% | | **Cost of Coal Sales** | $467.7M | $397.2M | +17.7% | | **Depreciation, Depletion & Amortization** | $60.8M | $11.1M | +446.1% | | **Adjusted EBITDA** | $40.0M | $38.8M | +3.1% | - The increase in revenue was primarily driven by a **1.9 million ton** increase in coal sales volume, mainly from operations acquired in the Alpha Merger[196](index=196&type=chunk) - The CAPP - Met segment's Adjusted EBITDA increased by **$10.9 million (22.8%)** due to higher sales volumes and an improved coal margin per ton[233](index=233&type=chunk) [Liquidity and Capital Resources](index=62&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2019, total liquidity stood at **$354.1 million**, with operating cash flow at **$137.6 million**, and future capital expenditures are expected to increase due to a **$61 million** Cumberland mine project - Total liquidity was **$354.1 million** as of September 30, 2019, comprising cash, investments, and available credit[276](index=276&type=chunk) - The company accelerated a **$61 million** capital project for a new impoundment at its Cumberland mine, increasing estimated capital expenditures by **$29 million** in 2020 and **$17 million** in 2021[279](index=279&type=chunk) - Cash, cash equivalents, and restricted cash decreased by **$94.1 million** during the first nine months of 2019, driven by increased capital expenditures, debt refinancing, and stock repurchases[281](index=281&type=chunk) [Contractual Obligations](index=64&type=section&id=Contractual%20Obligations) Contractual obligations significantly increased due to the Alpha Merger and Blackjewel bankruptcy, with asset retirement obligations totaling **$933.0 million** and black lung benefit obligations at **$250.1 million** | Obligation (Undiscounted) | Total Estimated Cash Flow ($) | | :--- | :--- | | **Asset Retirement Obligation** | $933,024 | | **Black Lung Benefit Obligation** | $250,140 | | **Contingent Revenue Obligation** | $61,966 | [Critical Accounting Policies and Estimates](index=65&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) An interim goodwill impairment test was performed due to market decline, concluding no impairment as of August 31, 2019, but management warns of future risk if conditions worsen - An interim goodwill impairment test was conducted as of August 31, 2019, due to market capitalization decline and lower coal prices. No impairment was recorded, but goodwill may be at risk if market conditions worsen[298](index=298&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=65&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company manages market risks from commodity prices, credit exposure, and interest rates, with **32%** of 2020 CAPP-Met coal production committed and priced, and interest rate sensitivity of **$2.8 million** for a 50 basis point change - As of November 4, 2019, **32%** of the company's **13.0 million tons** of CAPP-Met coal for 2020 is committed and priced[300](index=300&type=chunk) - The company is exposed to variable interest rates on its Term Loan Credit Facility. A **50 basis point (0.50%)** change in interest rates would alter annual interest expense by approximately **$2.8 million**[305](index=305&type=chunk) [Controls and Procedures](index=66&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded that disclosure controls and procedures were effective as of September 30, 2019, with no material changes to internal control over financial reporting during Q3 2019 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of September 30, 2019[306](index=306&type=chunk) - No changes occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[307](index=307&type=chunk) Part II [Legal Proceedings](index=67&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, with detailed information available in Note 18(d) of the Condensed Consolidated Financial Statements - For details on legal proceedings, the company directs readers to Note 18(d) in the financial statements[309](index=309&type=chunk) [Risk Factors](index=67&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant customer concentration risk, with its ten largest customers accounting for approximately **60.1%** of total coal revenues in 2018 - The company's **10 largest customers** accounted for approximately **60.1%** of total coal revenues for the year ended December 31, 2018, posing a significant customer concentration risk[311](index=311&type=chunk) [Share Repurchases](index=67&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q3 2019, Contura Energy repurchased **1,029,303 shares** of common stock at an average price of **$31.54** per share as part of its capital return program | Period | Total Shares Purchased | Average Price Paid per Share ($) | | :--- | :--- | :--- | | **Q3 2019 Total** | 1,029,303 | $31.54 | [Mine Safety Disclosures](index=68&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Mine safety disclosures, as required by the Dodd-Frank Act, are provided in Exhibit 95 of this quarterly report - Mine safety disclosures required by the Dodd-Frank Act are included in Exhibit 95 of the Form 10-Q[316](index=316&type=chunk) [Exhibits](index=68&type=section&id=Item%206.%20Exhibits) A complete list of documents filed as part of this Quarterly Report on Form 10-Q is available in the Exhibit Index - A full list of exhibits filed with the report is available in the Exhibit Index[317](index=317&type=chunk)

Contura Energy, Inc. (CTRA) Q2 2019 Earnings Conference Call August 14, 2019 10:00 AM ET Company Participants Alex Rotonen - VP, IR David Stetson - CEO Andy Eidson - CFO Kevin Stanley - Chief Commercial Officer Conference Call Participants Mark Levin - Seaport Global Daniel Scott - Clarksons Dan Day - B. Riley FBR Operator Good morning, my name is Carol, and I will be your operator today. At this time, I would like to welcome everyone to the Contura Energy Second Quarter 2019 Earnings Call. [Operator Instru ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38735 CONTURA ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 81-3015061 (State or other jurisdictio ...

Contura Energy, Inc. (CTRA) Q1 2019 Earnings Conference Call May 15, 2019 10:00 AM ET Company Participants Alex Rotonen – Vice President-Investor Relations Andy Eidson – Interim Co-Chief Executive Officer and Chief Financial Officer Mark Manno – Interim Co-Chief Executive Officer, Chief Administrative & Legal Officer and Secretary Kevin Stanley – Executive Vice President and Chief Commercial Officer Conference Call Participants Lucas Pipes – B. Riley FBR Mark Levin – Seaport Global Scott Schier – Clarksons ...