Alpha loss widens in difficult coal market

Feb 12, 2014 | 06:13 PM | Stacy Irish

Tags  Alpha Natural Resources, coal, coking coal, Brian Sullivan, Stacy Irish

NEW YORK — U.S. coal producer Alpha Natural Resources Inc. cited challenging coal market conditions for a wider fourth-quarter net loss vs. a year earlier.

The loss, which nearly tripled from a year earlier, includes an adjustment to the valuation allowance related to deferred tax assets, resulting in an income tax charge of $205 million, the Bristol, Va.-based company said in its quarterly earnings report. ....

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