Westmoreland Coal reports 2017 full year financial results
Published by Claire Cuddihy,
Assistant Editor
World Coal,
US-based independent coal company Westmoreland Coal Company has reported its fourth quarter and full year 2017 financial results and has supplied an update on its capital structure evaluation.
2017 Results and Highlights
Fourth Quarter:
- Revenues of US$363.8 million from 12.8 million t of coal sold.
- Net income applicable to common shareholders of US$35.1 million, or US$1.87 per share.
- Adjusted EBITDA of US$86.0 million.
- Cash flow provided by operating activities of US$93.0 million.
- Free cash flow of US$83 million.
Full Year:
- Revenues of US$1.4 billion from 49.7 million t of coal sold.
- Net loss applicable to common shareholders of US$71.3 million, or US$3.82 per share.
- Adjusted EBITDA of US$269.3 million.
- Cash flow provided by operating activities of US$114.2 million.
- Free cash flow of US$129.6 million.
2017 Results and Highlights:
Fourth Quarter:
- Revenues of US$363.8 million from 12.8 million t sold.
- Adjusted EBITDA of US$86.0 million.
- Cash flow provided by operating activities of US$93 million.
- Free cash flow of US$83 million.
Full Year:
- Revenues of US$1.4 billion from 49.7 million t of coal sold.
- Net loss applicable to common shareholders of US$71.3 million, or US$3.82 per share.
- Adjusted EBITDA of US$269.3 million.
- Cash flow provided by operating activities of US$114.2 million.
- Free cash flow of US$129.6 million.
- Net income applicable to common shareholders of US$35.1 million, or US$1.87 per share.
Read the article online at: https://www.worldcoal.com/coal/03052018/westmoreland-coal-reports-2017-full-year-financial-results/
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