Century Aluminum’s 1Q15 earnings release on April 30 made Wall Street jubilant. The company posted an adjusted EPS (earnings per share) of $0.72, up 10% from 4Q14.
Highly leveraged players such as Alpha Natural Resources (ANR) have limited ability to issue new debt if they run out of resources.
Alpha Natural Resources reported an average adjusted cost of sales per ton of $37.11 in 1Q15, down from $41.25 in 1Q14. Meanwhile, the cost per ton was higher than 4Q14’s $35.73.
Alpha Natural Resources burned $59.8 million of operating cash in 1Q15 compared to $54 million in 1Q14. Eastern coal burned cash even at the operating level.
With $3.3 billion of debt still on the books and a coal price recovery nowhere in sight, Alpha Natural Resources’ balance sheet remains under pressure.
Overall revenues from the Alpha Natural Resources PRB segment fell to $115.7 million in 1Q15, down from $115.8 million in 1Q14 and $118.2 million in 4Q14, despite higher shipments.
Twitter is acquiring TellApart for $533 million. TellApart should help Twitter enhance its ad targeting and ad measurement capabilities.
Twitter has faced a number of issues that have slowed down its MAU growth. In 3Q14, the implementation of an authentication measure negatively affected user growth in some Asia-Pacific countries.
After a below-par 1Q15, Twitter (TWTR) is hopeful that it will start attracting more users to its platform and increase the level of user engagement.
All in all, it’s a worrying sign for Twitter investors that a promising ad format like app installs is underperforming for the company.
Unhappy investors punished the company for the disappointing results, sending Twitter stock down 25% following the earnings release.
While the other segments witnessed a drop in shipments, US Steel Europe reported a 22% increase in steel shipments on a year-over-year basis.
Shipments is US Steel’s tubular segment have declined more than 50% as compared to 4Q14.
US Steel’s flat-rolled operations, the company’s largest segment in revenue terms, posted a decline of ~90% as compared to 4Q14.
US Steel’s 1Q shipments dropped by almost a quarter on a year-over-year basis.
US Steel’s 1Q earnings results came in lower than analyst estimates, and the company’s share price tanked more than 10%.
Alaska Airlines’ air passenger traffic grew 9.1% YoY in 1Q15 due to a capacity addition of close to 11%. It added three new routes in the first quarter.
One thing that Alaska Airlines and its employees have focused on and benefited from is customer satisfaction. Next month, it will start preferred seating.
For 1Q15, Alaska Airlines’ PRASM grew by 10% YoY. In contrast, its fuel cost per gallon fell by about 40% YoY from 1Q14. This indicates strong operational efficiency.
Alaska Airlines (ALK) made its debut in the ACSI in 1Q15. The company declared that its customer satisfaction reached a record 86% for the quarter.