Westmoreland Coal Company (WLB) Releases Earnings Results, Misses Expectations By $-1.25 EPS

Westmoreland Coal Company (WLB) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-1.37 earnings per share for the quarter, missing the analyst consensus estimate by $-1.25. Analysts had a consensus of $-0.12. The company posted revenue of $356.20 million in the period, compared to analysts expectations of $340.27 million. The company’s revenue was up 2.1% compared to the same quarter last year.

Westmoreland Coal Company closed down -0.26 points or -2.65% at $9.55 with 1,90,515 shares getting traded on Friday. Post opening the session at $9.73, the shares hit an intraday low of $9.37 and an intraday high of $9.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 26, 2015, Michael G Hutchinson (director) sold 3,500 shares at $26.07 per share price. According to the SEC, on May 21, 2015, John Alexander Schadan (President – Canada Operations) purchased 500 shares at $25.85 per share price. On May 4, 2015, Russell H Werner (Corporate Controller & PAO) sold 5,572 shares at $28.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Westmoreland Coal Company (Westmoreland) is an energy company. The Company operates in six segments: Coal – U.S. Coal – Canada Coal – WMLP Power Heritage and Corporate. Coal – U.S. segment includes the aggregated operations of coal mines located in Wyoming Montana North Dakota and Texas. Coal – Canada segment includes the aggregated operations of coal mines located in Alberta and Saskatchewan. Coal – WMLP segment includes the operations of the Company’s ownership in the general partner and majority interest in Westmoreland Resource Partners LP (WMLP) a publicly-traded coal master limited partnership. Power segment includes its ROVA operations located in North Carolina. Heritage segment costs primarily include benefits the Company provides to former mining operation employees as well as other administrative costs associated with providing those benefits and cost containment efforts. Corporate segment primarily consists of corporate administrative expenses.

Westmoreland Coal Company

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