United States

Westmoreland Coal Co (WLB.OQ)

WLB.OQ on NASDAQ Stock Exchange Global Market

30 Sep 2016
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$0.11 (+1.26%)
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Latest Key Developments (Source: Significant Developments)

Westmoreland Coal reports Q2 loss per share of $1.37
Tuesday, 2 Aug 2016 08:00am EDT 

Westmoreland Reports Second Quarter 2016 Results; Reiterates Full : Year guidance . Q2 loss per share $1.37 .Qtrly revenues $356.2 million versus $348.96 million.  Full Article

Westmoreland Q1 earnings per share $1.67
Tuesday, 10 May 2016 08:27am EDT 

Westmoreland : Qtrly revenues of $354.7 million, from tons sold of 13.8 million . Continue to make progress on our cash generation initiatives as we work towards paying down our debt late in year . "coal - u.s. Segment experienced market softness as customers reduced power generation due to low number of heating days this winter" . Reports First Quarter 2016 Results And Affirms Full-Year guidance . Q1 earnings per share $1.67 . Q1 earnings per share view $-0.68 -- Thomson Reuters I/B/E/S .Q1 revenue $354.7 million versus i/b/e/s view $372.7 million.  Full Article

Westmoreland Coal amends credit pact
Monday, 9 May 2016 06:08pm EDT 

Westmoreland Coal Co : On may 3, entered into an amendment to its existing revolving credit facility - sec filing . Amendment revised credit facility to include as event of default material breach of material contract by borrower under facility .Under amendment, borrowers to have no grace period to cure material breach of coal supply agreement with saskatchewan power corp.  Full Article

Westmoreland Coal Co reiterates FY 2016 EB ITDA guidance
Tuesday, 8 Mar 2016 07:00am EST 

Westmoreland Coal Co:Reiterated FY 2016 guidance for the consolidated entity.Expects FY 2016 adjusted EBITDA in the range of $235 - $275 million.  Full Article

Westmoreland completes acquisition of the San Juan Mine in Farmington
Monday, 1 Feb 2016 04:00pm EST 

Westmoreland Coal Co:Completes acquisition of the San Juan Mine in Farmington, New Mexico by its subsidiary Westmoreland San Juan, LLC.Purchase price of approximately $127 million.BMO Capital served as capital markets advisor for the transaction.  Full Article

Westmoreland Coal Co announces CEO Transition, Management Promotions
Friday, 23 Oct 2015 07:00am EDT 

Westmoreland Coal Co:Says kevin a. paprzycki appointed CEO.Says Keith E. Alessi, 61, chief executive officer, has announced his intent to retire effective December 31, 2015.Says Alessi will remain an employee of the company as CEO emeritus.Says Paprzycki will also be elected to serve on the board of directors concurrent with the transition.Says John Schadan has been promoted to president and chief operating officer to oversee global operations for the company.Jason Veenstra has been promoted to chief financial officer.  Full Article

Westmoreland Coal Co lowers FY 2015 production and EBITDA guidance
Friday, 23 Oct 2015 07:00am EDT 

Westmoreland Coal Co:Revises FY 2015 guidance.Expects FY 2015 production to be 54.0 to 56.0 mln tons.Expects FY 2015 Adjusted EBITDA in the range of $215-$225 mln.FY 2015 EBITDA of $326 mln - Thomson Reuters I/B/E/S.  Full Article

Westmoreland Coal Co's Beulah Mine Extends Heskett Coal Supply Agreement
Thursday, 3 Sep 2015 04:56pm EDT 

Westmoreland Coal Co:Westmoreland's beulah mine extends heskett coal supply agreement.Says agreement results in a commitment of approximately 450,000 tons of coal a year from beulah through December 31, 2021.Says entered into an extension of its long-term coal supply agreement with Montana-dakota utilities co.  Full Article

Westmoreland Coal Co's board approves purchase agreement for San Juan mine
Tuesday, 23 Jun 2015 07:00am EDT 

Westmoreland Coal Co:Board approves purchase agreement for San Juan mine.Board taken all steps necessary to purchase the San Juan mine in Farmington, New Mexico from BHP Billiton.Will execute coal supply agreement with public service of New Mexico by July 1.Says acquisition, which is expected to close on Dec. 31, contemplates a coal supply agreement through June 30, 2022.  Full Article

Westmoreland announces agreement to contribute Kemmerer Mine to Westmoreland Resource Partners
Tuesday, 2 Jun 2015 09:05am EDT 

Westmoreland:Announces agreement to contribute kemmerer mine to Westmoreland Resource Partners LP.Westmoreland Resource Partners agreed to acquire 100% of the outstanding equity interests in Westmoreland Kemmerer LLC, which owns and operates the Kemmerer Mine in Wyoming.Westmoreland to receive $135 million of cash, $20 million of wmlp common units, and $75 million of new wmlp class a convertible units.Acquisition expected to be immediately accretive to distributable cash flow on a per unit basis to wmlp.Says kemmerer will operate as a wholly-owned subsidiary of wmlp.Wmlp agreed to acquire 100% outstanding equity interests in Westmoreland kemmerer, which owns and operates kemmerer mine in Wyoming.Says transaction was approved by board of general partner of wmlp and by conflicts committee of the board of directors.  Full Article

BRIEF-Westmoreland - NRG Texas Power provided notice will terminate lignite supply agreement at Jewett mine

* Westmoreland announces shift to reclamation at Jewett following cancellation of supply contract at year end