• Production increased 1.6% from 1,329,068 tons in 2006 to 1,350,911 tons in 2007
  
• 2007 revenues totaled approximately $92.8 million, up 6.0% from $87.5 million in 2006
  
• 2007 net loss increased 10.0% to $25.8 million from $23.4 million for 2006 and EBITDA for the year improved to a negative $823,000, from a negative $1.1 million in 2006
  
• 617,549 tons of coal sold during the fourth quarter of 2007 at an average net sales price of $54.79 a ton, an increase of $2.21 over the same quarter in 2006 on 405,625 tons sold
  
• Revenues for fourth quarter 2007 totaled approximately $34.0 million, up 58% from $21.5 million earned in the fourth quarter 2006, and up 63.0% from $20.9 million realized in the third quarter 2007

National Coal Corp. Released its Third Quarter 2007 Financial Results on November 19, 2007. Highlights include:

• Revenues for third quarter 2007 totaled approximately $20.9 million, down 2.7% from $21.4 million earned in the third quarter 2006, but up 10.5% from $18.9 million realized in the second quarter 2007.
• Tons of coal sold totaled approximately 405,685 tons, down 0.9% from 409,215 tons sold in the third quarter 2006, but up 9.0% from 372,341 tons sold in the second quarter 2007.
• Cost of sales increased 27.7% during the three months ended September 30, 2007, when compared to the second quarter 2007.
• New Kentucky mine opened during quarter should add approximately 240,000 tons per year of production and return idle equipment to productive use.
• At start of fourth quarter, completed acquisition of Mann Steel Products for $55 million, adding approximately 1 million tons of production and sales.
• Signed new contract for 240,000 tons per year for 2008 and 2009 with major customer.
• Pine Mountain, an idle asset, was sold during November for $2.0 million.

National Coal Corp. Released its Second Quarter 2007 Financial Results on August 20, 2007. Highlights include:

• Revenues for second quarter 2007 totaled approximately $18.9 million, down 21.6% from $24.1 million earned in the second quarter 2006 and down 1.0% from $19.0 million earned in the first quarter 2007.
• Coal tons sold total approximately 372,341 tons, down 18.3% from 455,548 tons sold in the second quarter 2006 and up 1.1% from 368,332 tons sold in the first quarter 2007.
• Cost of sales declined 14.8% in total, but increased $2.01 on a per ton basis during the three months ended June 30, 2007 as compared to the same period in 2006. Cost of sales increased 3.9% in total and $1.41 per ton during the three months ended June 30, 2007 when compared to the first quarter 2007.

Biographies

Daniel A. Roling Read Biography   Mike Castle Read Biography   Charles Kite Read Biography

Additional Links

Annual Reports Investor Information SEC Documents

Multimedia

National Coal Corp. Logo Executive Photos More Multimedia...