Alpha Natural Resources Earnings: Misses Wall Street View

Alpha Natural Resources, Inc. (NASDAQ:ANR) reported higher profit for the first quarter as revenue showed growth. Alpha Natural Resources, Inc. is a supplier and exporter of metallurgical coal for use in the steel-making process and a major supplier of thermal coal to electric utilities and manufacturing industries across the country.

Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

Alpha Natural Resources Earnings Cheat Sheet for the First Quarter

Results: Net income for Alpha Natural Resources, Inc. rose to $49.8 million (41 cents/share) vs. $14 million (12 cents/share) in the same quarter a year earlier. A more than threefold rise from the year earlier quarter.

Revenue: Rose 22.6% to $1.13 billion YoY.

Actual vs. Wall St. Expectations: ANR fell short of the mean analyst estimate of 91 cents/share. Estimates ranged from 78 cents per share to $1.27 per share.

Quoting Management: “Alpha’s safety performance in the first quarter demonstrated the effectiveness of our ‘Running Right’ culture,” said Kevin Crutchfield, Alpha’s chief executive officer. “Our overall incident rate is well below the industry average; four of our operations received the 2010 West Virginia Holmes Safety Award; three of our operations received the 2010 Mountaineer Guardian Award; and two of our operations, the Cucumber mine and our Litwar processing facility, were honored with both the Guardian and the Holmes Award. I want to recognize and commend the collective efforts of Alpha’s entire workforce as we strive to set a new standard of safety excellence.”

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 69.1%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

Competitors to Watch: Massey Energy Company (NYSE:MEE), Peabody Energy Corporation (NYSE:BTU), Arch Coal, Inc. (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX), Intl. Coal Group, Inc. (NYSE:ICO), CONSOL Energy Inc. (NYSE:CNX), Oxford Resource Partners, LP (NYSE:OXF), Alliance Resource Partners, L.P. (NASDAQ:ARLP), Alliance Holdings GP, L.P. (NASDAQ:AHGP), and Westmoreland Coal Company (AMEX:WLB)

Stock Performance: Shares of ANR are trading down 2.7% from the previous close.

Don’t Miss Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet