Contura Energy Inc Q2 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Daniel Walter Scott - Clarksons Platou Securities, Inc., Research Division - Analyst : I want to echo Mark's comment. David, congratulations on the new role. My question is for Andy. There was a pretty sizable loss from discontinued operations in the quarter. Can you kind of walk through what made that up and why it was so big this quarter versus other quarters?

Question: Daniel Walter Scott - Clarksons Platou Securities, Inc., Research Division - Analyst : Okay. And then maybe stepping back a bit here. When Blackjewel filed, I think the perception and maybe the message from Contura was that it's a pretty limited exposure to those assets or at least the reclamation coming back, given that Blackjewel has been operating and taking title of the assets. Is the development to become the stalking horse and bring this in house? Is that a changed perception of the risk that was there? Or is that just a desire to get an overhang taking care of earlier? What's the thinking there? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. AUGUST 14, 2019 / 2:00PM, CTRA.N - Q2 2019 Contura Energy Inc Earnings Call

Question: Daniel Walter Scott - Clarksons Platou Securities, Inc., Research Division - Analyst : That's extremely helpful. And then lastly, last quarter, the capital return, $250 million authorization was announced. And then it wasn't really mentioned in this release, but you did talk about the first tranche coming up soon. And I believe you've made comments about the price of your stock. Does that mean that that's the most likely direction or is a special dividend on the table at all?