Edition:
United States

Westmoreland Coal Co (WLB.A)

WLB.A on American Stock Exchange

1.30USD
12 Dec 2017
Change (% chg)

$0.03 (+2.36%)
Prev Close
$1.27
Open
--
Day's High
$1.30
Day's Low
$1.30
Volume
0
Avg. Vol
88
52-wk High
$4.43
52-wk Low
$1.11

Latest Key Developments (Source: Significant Developments)

Westmoreland CEO Kevin Paprzycki Stepping Down
Tuesday, 28 Nov 2017 08:30am EST 

Nov 28 (Reuters) - Westmoreland Coal Co ::WESTMORELAND ANNOUNCES EXECUTIVE LEADERSHIP CHANGES; KEVIN PAPRZYCKI STEPPING DOWN AS CEO.WESTMORELAND COAL - ‍BOARD APPOINTED MICHAEL HUTCHINSON, AUDIT COMMITTEE CHAIRMAN AND CURRENT MEMBER OF BOARD, TO SERVE AS INTERIM CEO.WESTMORELAND COAL CO - ‍HUTCHINSON WILL OVERSEE CO'S STRATEGIC DIRECTION AND BE RESPONSIBLE FOR MANAGING DAY-TO-DAY OPERATIONS UNTIL NEW CEO APPOINTED​.WESTMORELAND COAL CO - ‍BOARD COMMENCED SEARCH FOR FULL-TIME SUCCESSOR, IS ENGAGING EXECUTIVE SEARCH FIRM TO IDENTIFY AND EVALUATE CANDIDATES​.  Full Article

WESTMORELAND REPORTS Q3 LOSS PER SHARE $1.03
Tuesday, 31 Oct 2017 08:00am EDT 

Oct 31 (Reuters) - Westmoreland Coal Co ::WESTMORELAND REPORTS THIRD QUARTER AND YEAR-TO-DATE 2017 RESULTS; REAFFIRMS 2017 GUIDANCE.Q3 LOSS PER SHARE $1.03.Q3 EARNINGS PER SHARE VIEW $-0.33 -- THOMSON REUTERS I/B/E/S.‍REITERATED ITS 2017 GUIDANCE​.WESTMORELAND COAL CO - QTRLY WESTMORELAND CONSOLIDATED ‍REVENUES OF $358.0 MILLION, DOWN 3.7 PERCENT​.  Full Article

WESTMORELAND SUCCESSFULLY EXITS ROVA POWER SUPPLY AGREEMENTS
Monday, 2 Oct 2017 08:00am EDT 

Oct 2 (Reuters) - Westmoreland Coal Co ::WESTMORELAND SUCCESSFULLY EXITS ROVA POWER SUPPLY AGREEMENTS; WILL COLLECT $12 MILLION IN NET CASH COLLATERAL.WESTMORELAND COAL-‍TERMINATED ITS POWER PURCHASE CONTRACTS WITH BP ENERGY COMPANY.WESTMORELAND COAL CO SAYS ‍WILL RECEIVE $12 MILLION, COMPRISED OF $22 MILLION OF CASH COLLATERAL LESS A FINAL $10 MILLION MAKE-WHOLE PAYMENT TO BP​.  Full Article

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

BRIEF-Westmoreland CEO Kevin Paprzycki Stepping Down

* WESTMORELAND ANNOUNCES EXECUTIVE LEADERSHIP CHANGES; KEVIN PAPRZYCKI STEPPING DOWN AS CEO