A Closer Look into Westmoreland Coal’s Leverage and Liquidity Position
For 2Q17, Westmoreland Coal’s (WLB) interest expenses came in at $30.1 million compared to $31.5 million in 2Q16 and $29.3 million in 1Q17.
For fiscal 2017, WLB expects its adjusted EBITDA to be in the range of $250 million–$270 million compared to its prior guidance of $280 million–$310 million.
WLB’s adjusted EBITDA of the Canadian Coal Mining segment fell significantly. This metric came in at -$1.6 million compared to $14.3 million in 2Q16 and $59.2 million in 1Q17.
WLB’s operating loss from its Canadian Coal Mining segment came in at ~$11.7 million compared to its operating income of ~$3.6 million in 2Q16.
For 2Q17, Westmoreland Coal’s total coal (KOL) shipments came in at 11.0 million tons compared to 12.0 million tons in 2Q16 and 12.4 million tons in 1Q17.
Revenues from WLB’s US Coal Mining segment came in at ~$141.0 million compared to $152.5 million in 2Q16 and $137.4 million in 1Q17.
Westmoreland Coal (WLB) announced its 2Q17 earnings results before market hours on August 3. WLB’s stock price fell nearly 14% during the intraday trading session on August 3.
Alliance Resource Partners’ 2Q17 earnings were driven by strong operational performance across the company’s coal-producing (KOL) regions.
According to the latest company filings, the book value of Alliance Resource Partners’ (ARLP) long-term debt is ~$1.0 billion.
Alliance Resource Partners’ (ARLP) 2Q17 adjusted EBITDA was $141.1 million compared to analysts’ EBITDA estimate of $153.8 million.
For 2Q17, ARLP’s adjusted EBITDA expense per ton for the Illinois Basin segment was $24.65, a 15.7% fall from $29.23 in 2Q16.
Alliance Resource Partners (ARLP) saw a 9.5% fall in its average total coal sales price in 2Q17 compared to its reported sales price for 2Q16.
Alliance Resource Partners’ (ARLP) shipments from the Illinois Basin came in at 6.1 million tons, which was 10.7% higher than 5.5 million tons in 2Q16.
Alliance Resource Partners (ARLP) announced its 2Q17 earnings results on July 31, 2017. Its adjusted EPS was $0.93 against analysts’ estimate of $0.78.
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Cloud Peak Energy (CLD) announced its 2Q17 earnings results after market hours on July 27, 2017. In this series, we’ll analyze the results in detail.