Foresight Energy LP engages in the development, mining, transportation, and sale of thermal coal primarily in the eastern United States and internationally. It operates four underground mining complexes, including Williamson, Sugar Camp, Hillsboro, and Macoupin in the Illinois Basin. As of February 6, 2015, the company controlled approximately 3 billion tons of coal reserves in the Illinois Basin. Foresight Energy LP sells its coal to electric utility and industrial companies. The company was formerly known as Foresight Energy Partners LP and changed its name to Foresight Energy LP in April 2014. The company was founded in 2006 and is headquartered in St. Louis, Missouri. As of April 16, 201...
One Metropolitan Square
211 North Broadway
St. Louis, MO 63102
Founded in 2006
Foresight Energy LP Approves Quarterly Cash Distribution, Payable on May 28, 2015
May 7 15
Foresight Energy LP announced that the Board of Directors of its General Partner approved a quarterly cash distribution of $0.37 per unit, (an annualized rate of $1.48 per unit). The distribution represents an increase of 2.8% from the fourth quarter 2014 distribution of $0.36 per unit and a 9.6% increase over the minimum quarterly
distribution of $0.3375 per unit. The distribution is payable on May 28, 2015, for unitholders of record on May 18, 2015.
Foresight Energy LP Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015
May 7 15
Foresight Energy LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported coal sales of $238,915,000 against $242,723,000 a year ago. Operating income was $70,057,000 against $61,730,000 a year ago. Net income attributable to controlling interests was $42,306,000 against $31,501,000 a year ago. Net cash provided by operating activities was $15,119,000 against $28,935,000 a year ago. Investment in property, plant, equipment and development was $33,277,000 against $65,191,000 a year ago. Adjusted EBITDA was $101,481,000 against $84,910,000 a year ago. First quarter results were negatively impacted by over 1 million tons of scheduled shipments that didn't ship due to a variety of transportation issues, which reduced sales revenue by $48.9 million and adjusted EBITDA by approximately $17 million.
For 2015, sales volumes are currently estimated to be between 22.8 and 25.2 million tons. The company expects to generate adjusted EBITDA in a range of $385 to $425 million. Capital expenditures are estimated to be between $115 and $130 million, including maintenance capital estimates of $80 to $90 million for distributable cash flow purposes.
Foresight Energy, LP to Report Q1, 2015 Results on May 07, 2015
Apr 23 15
Foresight Energy, LP announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 07, 2015