Benzinga | Dec 10, 2020 04:23PM EST

Contura Cuts Outlook For SG&A, Capex, Depreciation And Idle Operations Expense

2021 Full-Year Guidance

The company is updating 2021 guidance to reflect the divestiture of Cumberland Mine and the Northern Appalachian (NAPP) reporting segment.

The following changes to our 2021 guidance reflect the exclusion of the NAPP segment:

* SG&A reduced by $1 million to a range of $44 million to $49 million

* Capital expenditures lowered by $5 million to a range of $75 million to $95 million

* Depreciation, depletion and amortization are now anticipated to be $5 million lower, in the range of $155 million to $170 million

* The company lowered its idle operations expense by $3 million to a range of $24 million to $30 million