December 08, 2016 12:39 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Foresight Energy LP

Company Overview

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. It controls approximately 3 billion tons of coal reserves in the Illinois Basin. The company 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, 2015, Foresight Energy, LP operates as a subsi...

One Metropolitan Square

211 North Broadway

Suite 2600

St. Louis, MO 63102

United States

Founded in 2006

Phone:

314-932-6160

Key Executives for Foresight Energy LP

Chief Executive Officer of Foresight Energy GP LLC, President of Foresight Energy GP LLC and Director of Foresight Energy GP LLC
Age: 45
Total Annual Compensation: $250.0K
Principal Financial Officer of Foresight Energy GP LLC, Chief Accounting Officer of Foresight Energy GP LLC and Vice President of Foresight Energy GP LLC
Age: 40
Total Annual Compensation: $972.1K
Senior Vice President of Foresight Energy GP LLC, General Counsel of Foresight Energy GP LLC and Corporate Secretary of Foresight Energy GP LLC
Age: 47
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2015.

Foresight Energy LP Key Developments

Foresight Energy, LP Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2016

Foresight Energy, LP reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2016. For the quarter, total revenues were $230,825,000 compared to $253,066,000 a year ago. Operating income was $31,414,000 compared to $38,079,000 a year ago. Net loss was $24,331,000 compared to net income of $8,188,000 a year ago. Net loss attributable to limited partner units was $24,286,000 or $0.19 per basic and diluted share compared to net income of $8,070,000 or $0.06 per basic and diluted share a year ago. Adjusted EBITDA was $85,402,000 compared to $91,106,000 a year ago. Third quarter 2016 results were negatively impacted by $13.2 million in debt extinguishment costs, of which $11.0 million were non-cash, $6.1 million of debt restructuring costs, and $6.0 million of losses on commodity derivative contracts. During third quarter 2016 capital expenditures were $14.7 million. For the nine months, total revenues were $622,911,000 compared to $743,203,000 a year ago. Operating income was $45,206,000 compared to $112,215,000 a year ago. Net loss was $93,607,000 compared to net income of $25,624,000 a year ago. Net loss attributable to limited partner units was $93,776,000 or $0.72 per basic and diluted share compared to net income of $24,949,000 or $0.19 per basic and diluted share a year ago. Net cash provided by operating activities was $146,339,000 compared to $139,766,000 a year ago. Investment in property, plant, equipment and development was $28,031,000 compared to $69,502,000 a year ago. Adjusted EBITDA was $210,758,000 compared to $296,102,000 a year ago. Year-to-date capital expenditures are down $41.5 million as compared to the nine months ended September 30, 2015. For the quarter, the company reported tons produced of 4,774,000 compared to 4,884,000 a year ago. For the nine months, the company reported tons produced of 13,962,000 compared to 16,193,000 a year ago.

Foresight Energy LP to Report Q3, 2016 Results on Nov 09, 2016

Foresight Energy LP announced that they will report Q3, 2016 results at 9:00 AM, Eastern Standard Time on Nov 09, 2016

Foresight Energy LP, Q3 2016 Earnings Call, Nov 09, 2016

Foresight Energy LP, Q3 2016 Earnings Call, Nov 09, 2016

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