Westmoreland Coal reports 2017 full year financial results | World Coal
Westmoreland Coal reports 2017 full year financial results
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.
Claire joined Palladian Publications in October 2017 after graduating from her MA in English Literature at Swansea University. She is currently working as an Assistant Editor on Global Mining Review, World Coal and Dry Bulk magazine, and is enthusiastic to expand her knowledge across the breadth of these industries.
Having moved to Farnham from the rural landscapes of Suffolk, Claire continues to pursue her passion for cross country running and is planning to run her first half-marathon in the spring.
