National Coal Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenues of $22,120,799 based primarily on the sale of 286,447 tons of coal. In the same prior-year period, the company generated revenues of $18,581,340 primarily through the sale of 270,515 tons of coal. The company reported a net loss attributable to common shareholders of $663,950 or $0.02 per basic and diluted share against a net loss attributable to common shareholders of $8,430,201 or $0.25 per basic and diluted share during the year-ago quarter. The company reported a loss from continuing operations of $4,536,691 or a loss of $0.13 per basic and diluted share compared to a loss from continuing operations of $4,548,561 or a loss of $0.14 per basic and diluted share for the same period a year ago. The company also reported a positive EBITDA of $3,534,653 against a negative EBITDA of $4,835,724 reported in the year-ago quarter. The company reported loss from operations of $2,730,694 and loss from continuing operations before income taxes of $4,536,691 compared to loss from operations of $3,135,632 and loss from continuing operations before income taxes of $4,548,561 for the same period a year ago. Adjusted EBITDA was $83,573 compared to adjusted LBITDA of $459,059 reported a year ago. For the nine months, the company reported loss from operations of $8,663,096, loss from continuing operations before income taxes and loss from continuing operations of $13,414,779 or $0.40 per basic and diluted share and net loss attributable to common shareholders of $14,899,936 or $0.44 per basic and diluted share on total revenue of $64,726,235 compared to loss from operations of $12,523,837, loss from continuing operations before income taxes and loss from continuing operations of $19,409,666 or $0.64 per basic and diluted share and net loss attributable to common shareholders of $27,683,089 or $0.90 per basic and diluted share on total revenue of $51,425,044 for the same period a year ago. The company reported LBITDA of $2,619,302 and adjusted LBITDA of $7,184 compared to LBITDA of $13,641,310 and adjusted LBITDA of $4,507,339 for the same period a year ago. Net cash flows provided by operating activities from continuing operations were $2,883,873 compared to net cash flows used in operating activities from continuing operations of $6,209,969 for the same period a year ago. Net cash flows provided by operating activities were $6,560,776 compared to net cash flows used in operating activities of $3,601,180 for the same period a year ago. Capital expenditures were $5,445,127 compared to $5,967,415 for the same period a year ago. For the fourth quarter of 2009, the company expects to incur capital expenditures of approximately $0.6 million to maintain existing assets in Tennessee.

National Coal Corp. reported capital expenditure results for the third quarter ended September 30, 2009. For the quarter, the company's capital expenditure was $1.1 million.

National Coal Corp., Q3 2009 Earnings Call, Nov-05 2009