January 25, 2015 5:34 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Foresight Energy LP

Company Overview

Foresight Energy Partners LP is a holding company, which through its subsidiaries offers coal mining, production, transportation, and distribution services. It provides thermal, metallurgical, and bituminous coal. The company was founded in 2006 and is based in St. Louis, Missouri. Foresight Energy Partners LP operates as a subsidiary of Foresight Reserves, LP.

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
Total Annual Compensation: $1.3M
Chief Commercial Officer of Foresight Energy GP LLC and Executive Vice President of Foresight Energy GP LLC
Age: 58
Total Annual Compensation: $850.0K
Compensation as of Fiscal Year 2013.

Foresight Energy LP Key Developments

Foresight Energy LP Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Foresight Energy LP reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported coal sales of $299,964,000 against $240,868,000 a year ago. Operating income was $74,357,000 against $49,488,000 a year ago. Net income attributable to controlling interests was $45,366,000 against loss of $58,637,000 a year ago. Net income subsequent to initial public offering per limited partner unit - basic and diluted for common units and subordinated was $0.35. Adjusted EBITDA was $105,002,000 against $88,505,000 a year ago. Increased sales revenue drove record Adjusted EBITDA and net income attributable to the Partnership. The successful quarter was driven by continued strong performance at mining operations including the contribution from Viking, newest longwall, in its first full quarter of operation. Capital expenditures were $55.2 million in the quarter, were largely comprised of remaining growth capital for the Viking longwall. For the nine months, the company reported coal sales of $809,365,000 against $689,391,000 a year ago. Operating income was $202,051,000 against $148,836,000 a year ago. Net income attributable to controlling interests was $106,144,000 against loss of $15,456,000 a year ago. Net income subsequent to initial public offering per limited partner unit - basic and diluted for common units and subordinated was $0.32. Net cash provided by operating activities was $164,162,000 against $116,720,000 a year ago. Investment in property, plant, equipment and development was $173,609,000 against $128,894,000 a year ago. Adjusted EBITDA was $291,943,000 against $262,608,000 a year ago. Adjusted EBITDA increased 11.2%, due primarily to the 2.7 million ton increase in sales volume as compared to the prior year, offset partially by lower coal sales realization and higher production costs during the nine months ended September 30, 2014.

Foresight Energy LP Approves Quarterly Cash Distribution for the Third Quarter 2014, Payable on November 25, 2014

Foresight Energy LP announced that the Board of Directors of its general partner approved a quarterly cash distribution for the third quarter 2014 of $0.35 per unit (an annualized rate of $1.40 per unit). The distribution represents an increase of 2.5% from the second quarter 2014 distribution of $0.3413 per unit (calculated based on the pro rata distribution of $0.03 per unit paid for the 8 days the Partnership was public in the second quarter). The distribution is payable on November 25, 2014 for unitholders of record on November 14, 2014.

Foresight Energy LP to Report Q3, 2014 Results on Nov 06, 2014

Foresight Energy LP announced that they will report Q3, 2014 results Pre-Market on Nov 06, 2014

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