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Alpha Natural Resources Inc ANR
Q3 2012 Earnings Call Transcript

Transcript Call Date 11/02/2012

Operator: Greetings, and welcome to the Alpha Natural Resources Third Quarter 2012 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Todd Allen, Vice President of Investor Relations for Alpha Natural Resources. Thank you, Mr. Allen. You may begin.

Todd Allen - VP, IR: Thank you operator and thank you everyone for participating in today's Alpha Natural Resources third quarter 2012 earnings conference call. Joining me on call today are Kevin Crutchfield, Alpha Natural Resources' Chairman and CEO, who will provide a brief market outlook and summarize our third quarter results; Frank Wood, our CFO, who will comment on Alpha's financial results and updated guidance; and Paul Vining, Alpha's President who will be available to address operational and marketing questions following our prepared remarks.

Before we begin, I wanted to mention that Alpha's management team will be meeting with investors at several upcoming conferences, including the Dahlman Rose Global Metals, Mining & Materials conference on November 13 and the Goldman Sachs Metals, Mining & Steel conference on November 27, both in New York and the UBS Coal conference in Boston on November 29.

Please let me remind you that various remarks that we make on this call concerning future expectations for the Company constitute forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Information concerning factors that could cause actual results to differ materially from those in forward-looking statements are contained in our filings with the United States Securities and Exchange Commission, including our Annual Report on Form 10-K and subsequently filed Form 10-Qs.

This call is being recorded and will be available for replay for a period of two weeks. The call can also be heard live on the Internet and both the replay and a downloadable podcast of the event will be archived on our website at alphanr.com for a period of three months.

With that, I'll turn it over to Kevin.

Kevin S. Crutchfield - CEO: Thanks Todd and good morning, everyone. Before you get started, I just wanted to say that I hope all of you on the call and your family and friends stayed safe during the hurricane this past week and our thoughts and prayers are with those who didn't fare so well and those who are still recovering from the event.

While this was clearly a challenging quarter I do want to commend our workforce for their hard work during the period, for staying focused under difficult circumstances and for once again demonstrating their commitment to running right. Our incident rate in the quarter decreased 14% year-over-year and a number of our mine rescue teams recently took home awards from the national competitions and one of our AMFIRE mines, the Centre County Surface Mine was awarded the National Mining Association's Sentinels of Safety Award.

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