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Westmoreland Coal Co (WLB.OQ)

WLB.OQ on NASDAQ Stock Exchange Global Market

2.51USD
19 Sep 2017
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$-0.04 (-1.57%)
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Latest Key Developments (Source: Significant Developments)

Westmoreland enters to sell Rova for $5 million
Thursday, 3 Aug 2017 08:00am EDT 

Aug 3 (Reuters) - Westmoreland Coal Co :Westmoreland enters agreement to sell rova for $5 million in cash.Westmoreland will retain approximately $2.7 million of reclamation liabilities related to offsite ash storage​.Westmoreland coal - has entered into a definitive agreement to sell its roanoke valley power facility ("rova") for $5 million in cash to rova venture, llc.Westmoreland coal co says sale includes all assets of rova.Westmoreland coal co says westmoreland will retain approximately $2.7 million of reclamation liabilities related to offsite ash storage.  Full Article

Westmoreland Coal Company announces additional coal sales at Kemmerer in 2018
Tuesday, 11 Jul 2017 01:05pm EDT 

July 11 (Reuters) - Westmoreland Coal Co ::Westmoreland Coal Company announces additional coal sales at Kemmerer in 2018.Westmoreland Coal Co - ‍amended an agreement with Pacificorp to sell approximately 1 million additional tons of coal during 2018 than previously expected​.Westmoreland Coal Co - additional sales are result of Pacificorp's plan to extend its Naughton Unit 3 operations through end of 2018.  Full Article

Westmoreland Coal Q1 loss per share $1.98
Monday, 15 May 2017 08:00am EDT 

May 15 (Reuters) - Westmoreland Coal Co ::Westmoreland reports first quarter 2017 results; reiterates full-year guidance.Q1 loss per share $1.98.Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Q1 revenue $339.7 million versus I/B/E/S view $335.9 million.Fy2017 earnings per share view $-0.64, revenue view $1.34 billion -- Thomson Reuters I/B/E/S.  Full Article

Westmoreland appoints Gary Kohn as chief financial officer
Tuesday, 28 Mar 2017 04:02pm EDT 

Westmoreland Coal Co : Westmoreland appoints Gary Kohn as chief financial officer .Westmoreland coal co - Kohn has been serving as interim chief financial officer since November 2016.  Full Article

Westmoreland Q4 loss per share $0.41
Tuesday, 28 Mar 2017 04:02pm EDT 

Westmoreland Coal Co : Westmoreland reports fourth quarter and full year 2016 results . Q4 loss per share $0.41 . Q4 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . Westmoreland coal co-sees 2017 capital expenditures $40 - $50 million . Sees 2017 adjusted EBITDA $280 million - $310 million . Sees 2017 free cash flow $115 million - $140 million . Sees 2017 coal tons sold 40 million tons - 50 million tons . Sees capital expenditures of $40 - $50 million for 2017 . Qtrly Westmoreland consolidated revenues $ 392.7 million versus. $ 341.7 million .Q4 revenue view $375.1 million -- Thomson Reuters I/B/E/S.  Full Article

Alberta Energy Regulator lays charges against Prairie Mines & Royalty ULC and Westmoreland Coal Co
Wednesday, 22 Mar 2017 12:30pm EDT 

Alberta Energy Regulator: Laid 3 charges against Prairie Mines & Royalty ULC, Westmoreland Coal Company for modifying mining plan without AER approval . Laid charges against Prairie Mines & Royalty ULC, Westmoreland Coal Co for failing to notify AER of incident as soon as practicable .Each company faces a maximum penalty of $500,000 per charge.  Full Article

Westmoreland says to restate previously issued financial statements
Friday, 24 Feb 2017 08:00am EST 

Westmoreland Coal Co : Westmoreland announces restatement of previously issued financial statements . Will restate financial information stemming from changes in accounting for its customer reclamation receivables . Change has no impact on co's cash flow, economic value of contracts or ability to collect cash for reclamation from customers . Form 10-k for year ended dec 31, 2016 to include restated consolidated financial statements for years ended december 31, 2015 and 2014 . Form 10-k for year ended dec 31, 2016 to include restated consolidated financial statements for all interim periods during 2016, 2015 .Does not intend to file amendments to previous filings with securities and exchange commission.  Full Article

Mangrove Partners reports 10.2 percent stake in Westmoreland Coal
Monday, 21 Nov 2016 09:15am EST 

Westmoreland Coal Co : Mangrove Partners reports 10.2 percent stake in Westmoreland Coal as of November 17 - sec filing . Mangrove Partners - purchased shares of westmoreland on belief that such securities are "undervalued" .Mangrove Partners - initiated dialogue with Westmoreland Coal regarding co's assets related to coal valley resources in an effort to maximize value for all shareholders.  Full Article

Westmoreland reports cfo transition
Monday, 21 Nov 2016 08:00am EST 

Westmoreland Coal Co : Westmoreland Coal Co- chief financial officer and treasurer, Jason Veenstra, has decided to resign from westmoreland effective December 15, 2016 .Westmoreland Coal - co's search for new cfo includes internal & external candidates; Gary Kohn to serve as interim cfo & treasurer, effective immediately.  Full Article

Westmoreland adds new lender to credit facility East West Bank
Thursday, 13 Oct 2016 04:15pm EDT 

Westmoreland Coal Co :Westmoreland successfully adds new lender to credit facility; East West Bank to replace Bank of the West.  Full Article

BRIEF-Westmoreland adopts tax benefits preservation plan

* Westmoreland - under rights plan, co's stockholders will receive one preferred share purchase right for each share of common stock outstanding Source text for Eikon: Further company coverage: