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Last $28.42 USD
Change Today -0.24 / -0.84%
Volume 138.7K
WLB On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

westmoreland coal co (WLB) Snapshot

Open
$28.81
Previous Close
$28.66
Day High
$29.45
Day Low
$27.89
52 Week High
08/11/14 - $45.19
52 Week Low
03/17/15 - $23.13
Market Cap
509.0M
Average Volume 10 Days
133.5K
EPS TTM
$-5.22
Shares Outstanding
17.9M
EX-Date
01/25/93
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTMORELAND COAL CO (WLB)

westmoreland coal co (WLB) Related Businessweek News

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westmoreland coal co (WLB) Details

Westmoreland Coal Company, through its subsidiaries, operates as an energy company. The company engages in the production and sale of sub-bituminous coal and lignite to plants that generate electricity. It owns and operates coal mines in Montana, Wyoming, North Dakota, Texas, and Ohio, the United States; and Alberta and Saskatchewan, Canada. As of December 31, 2014, the company had total proven or probable coal reserves of approximately 1,265.2 million tons. It is also involved in the production of electricity. The company operates two coal-fired power generating units with a total capacity of approximately 230 megawatts in Weldon, North Carolina. Westmoreland Coal Company was founded in 1854 and is headquartered in Englewood, Colorado.

3,440 Employees
Last Reported Date: 03/6/15
Founded in 1854

westmoreland coal co (WLB) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Treasurer
Total Annual Compensation: $396.9K
President of Canada Operations
Total Annual Compensation: $195.2K
Chief Adminstrative Officer, Senior Vice Pres...
Total Annual Compensation: $356.2K
Executive Vice President
Total Annual Compensation: $282.2K
Compensation as of Fiscal Year 2014.

westmoreland coal co (WLB) Key Developments

Westmoreland Coal Company Enters into New Long-Term Coal Supply Agreement

Westmoreland Coal Company entered into a new long-term coal supply agreement with the owners of the San Juan Generating Station. The new coal supply deal expires in 2022, but SJGS owners can extend the agreement beyond 2022, to coincide with the SJGS owners' plans for operation of the plant after 2022.

Westmoreland Coal Company Agrees in Principal to Purchase San Juan Mine

Westmoreland Coal Company announced that it has agreed in principal to purchase the San Juan Mine in Farmington, New Mexico from BHP Billiton and enter into a new long-term coal supply agreement with the owners of the San Juan Generating Station (SJGS). The contemplated new coal supply agreement states that Westmoreland will take over operations at the beginning of 2016. The new coal supply agreement expires in 2022, but SJGS owners can extend the agreement beyond 2022, to coincide with the SJGS owners' plans for operation of the plant after 2022. The new coal supply agreement and the agreement in principal for Westmoreland to purchase San Juan Mine will not be final or binding until all parties have secured internal approvals.

Westmoreland Coal Co. Reports Earnings Results for the First Quarter Ended March 31, 2015

Westmoreland Coal Co. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company net loss narrowed to $11.7 million or $0.67 per diluted share from a loss of $19.3 million or $1.30 a year earlier. Revenue surged to $371.5 million from $180.2 million. Revenues increased primarily due to the Canadian, WMLP and Buckingham acquisitions. Adjusted EBITDA came in at $56,027,000 against $28,907,907,000 last year . Adjusted EBITDA increased due to the Canadian, WMLP and Buckingham acquisitions, but was offset by unfavorable power prices at ROVA and unfavorable weather impacts. EBITDA of $9.6 million in the first quarter of 2015 and that was a slight increase up from $9.2 million in first quarter of 2014. Operating income was $8,455,000 against $8,053,000 last year. Loss before income taxes was $11,838,000 against $19,140,000 last year. Net loss applicable to common shareholders was $11,732,000 or $0.67 per basic and diluted share against $19,291,000 or $1.30 per basic and diluted share last year. Net cash provided by operating activities was $1,640,000 against $29,648,000 last year.

 

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