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Walter Energy reports loss on lower coal prices
February 20, 2013 / 9:12 PM / 5 years ago

Walter Energy reports loss on lower coal prices

Feb 20 (Reuters) - Walter Energy Inc reported a quarterly loss on Wednesday as a drop in metallurgical coal prices hit the miner’s revenue.

In the fourth quarter to Dec. 31, the company’s net loss was $71.0 million, or $1.13 a share, compared with a profit of $80.3 million, or $1.29, a year earlier.

The Birmingham, Alabama-based company said revenue dropped to $478.8 million, from $703.0 million.

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