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Contura posts $58.3M net income in Q1'18

Contura Energy Inc. on May 24 reported net income of $58.3 million, or $5.66 per share, in the first quarter, compared with $31.0 million, or $2.89 per share, in the first quarter the previous year.

The S&P Capital IQ consensus normalized earnings estimate for the first quarter was $4.79 per share.

Revenue was $482.3 million, compared with $475.1 million in the first quarter a year earlier.

Contura sold 3.8 million tons of coal in the quarter, compared with 4.3 million tons in the same quarter a year earlier. The average sales price was $105.50 per ton, compared with $95.85 in the first quarter a year earlier.