- Fourth quarter 2014 revenue was $1.1 billion and adjusted EBITDA was $103 million; adjusted EBITDA includes approximately $60 million from asset disposal gains and the net benefit of various liability adjustments
- Strong cost performance in the East with full year 2014 eastern cost of coal sales per ton more than 10% below 2013 level - Priced approximately 5 million tons of domestic metallurgical coal at substantial premiums to average global prices - Continued proactive adjustment of operations and overhead cost structure - Introducing 2015 guidance; reduced shipment volumes, SG&A and cost of coal sales per ton compared to 2014 - Disposed of non-core assets for approximately $92 million in cash during the fourth quarter - Total liquidity at year-end of approximately $2.2 billion, including nearly $1.3 billion in cash and marketable securities BRISTOL, Va.
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