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Alpha Natural Resources - 2015 Outlook Dimmer Due To Weak Coal Market

Alpha Natural Resources (NYSE:ANR) announced mixed third quarter earnings. The company managed to beat estimates for revenues and earnings in the quarter. Considerable progress was made on the cost front as the analysis revealed that cost control has paid off. Weighted average cost of sales registered a 3% sequential decline during the quarter which eased the cash flow position of the company as well. The quarter saw an increase in sales volumes too. The earnings release revealed more positive news as the company provided a new guidance of 17-19 million tons of Eastern met coal and 28-30 million tons for Eastern Thermal coal. The company's liquidity position stood t $2.3 billion in liquidity by the end of the…