everyone, joining Emily. thanks you, call Thank and morning, today. Good for the
weeks, unprecedented lifetime, across As This to last know, pandemic disrupted global my not several the a and country has coronavirus our economies degree created we seen over the not in only in the has but has all world. uncertainty we risk a committed that for These public health call, times, taking Contura. difficult as to our said of the exposure created at on to last will people earnings are reduce we precautions our also and challenge. are COVID-XX
very we and everyone issues are We take challenging and on dedication for implementing our in is to grateful seriously. important we and than measures understand safety more The are to employees across and our health of these their cooperation that everyone, the these precautionary X,XXX for circumstances us, team company.
by I EBITDA was for start million results the of want performance by to our exceptional which highlighting I As by operations team. to turn operational driven cost quarter, the for outstanding $XX our largely first our quarter,
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I thank to well Jason entire and want job done. leadership his a operations the Whitehead group on congratulate for
numbers important against late it's able Looking coronavirus the cost economic at we the broader in our a despite to post backdrop, results the impressive think point out were to quarter. of onset first that I
Although everyone my will and the industry. strong our headwinds hope for as in resulting virus else well markets Contura was quarter, the us as to build challenge off from a
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total with liquidity. finished we $XXX in committed preservation We cash aggressive the million an remain quarter to and strategy, first
third quarter. roughly CARES expect receive of $XX AMT to in we tax As Congress, an by Act accelerated a the was refund result the that of million passed early
to We of with year's coronavirus approximately taxes anticipate payroll million the also relief defer package. connection ability the this in $XX
I factors touch continued first additional met I Even Andy provide our to coal are to to want though the of to it briefly demand external up encouraging we the price over on quarter turn watching. and quite for be coal some it was the to held Before color, challenging, discuss market some met see analysis well.
As show, quarter X.X in our shipments met quarter volumes fourth tons our reported XXXX of our matched first shipments. million the
well furnace into of idlings slowdowns, announcement shipments strong the and many coke blast April. Despite plant our continued
significantly However, as spread of increased last pricing the the COVID-XX weaken and couple price pandemic began weeks. to volatility
even substantial premium United at hard decline the While market States, weakness the in high-vol faster coking decline in alone. supply in from basins in has resulting XX% Australian ranging A prices XX% across spot to demand price April has fallen in pace, a reduced been a
have To wait met have demand U.S. longer temporary little put XX dropped XX% to gives and expect to get but numbers We'll XX% as trade April past XX% may what March the some hints production us this to coal of estimates the perspective, over data, of supply. prices months. are high There have been coming a months. the as indicating that in to total in cuts
a and well, to challenging with XX%. And production as the that of production crude us, Globally, was down worst XX%. nearly production excluding in most than America China, decline decline its South markets showing steel posted global the month steel overall in declining X% to important declining both the the was compared XX% with March Among more quite European the one recent are North crude years XXXX. production
indicate in April, manufacturing weak, you That data, more PMI the won't March. that index numbers down from was readings I with bore even it's sufficient say, numbers but XX.X weaker. to in much XX.X are while that April initial March were
contracting know, level business April. conditions. an to couple for already PMI XX a weak manufacturing you And declined index indicates key Eurozone XX.X below March a slowed in business. our PMI dramatically manufacturing XX.X As of regions of from in
from fell in Brazil XX April. Additionally, XX.X to
influence we is will real in happen that adverse and weeks obviously and coming frankly will circumstances XXXX in the exactly time will visibility some limited those That pricing developments many environment, companies at and manage impossible might The of to So predict this having in half other what back summary, to question how are look what there around. accurately this are demand do. is the quite like. admittedly
having to path up are our nimble successfully to nine about financial going elements I'm That's and and I times business, cut transition our In to us Those strong serve ability to more to so foundation of these, optimistic uncertain challenges the company. done well shore cost proud disruption. has a a foundational fundamentals months our ahead. I'm and believe navigate the the to work why solid like the are over of essential the withstand to last team
I'll on now additional Andy turn the for to details call financials. over some our
