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Foresight Energy reports net loss of $74.2M in Q4'17

Foresight Energy LP on March 7 reported a net loss of $74.2 million, or 49 cents per unit, in the fourth quarter of 2017, compared with a loss of $85.0 million, or 65 cents per unit, in the same quarter a year earlier.

The S&P Capital IQ consensus normalized earnings estimate for the fourth quarter was a loss of 7 cents per unit. Revenue was $284.6 million, compared with $252.9 million in the fourth quarter a year earlier.

The partnership reported sales of 6.0 million tons of coal in the most recent quarter, compared with 5.2 million tons in the fourth quarter a year earlier. The average sales price was $47.01 per ton, compared with $48.46 in the fourth quarter a year earlier.

For the full year, GAAP net loss was $215.2 million, compared with a loss of $178.6 million a year earlier. Revenue for the full year came in at $954.5 million, compared with $875.8 million the previous year.

Foresight Energy reported sales of 21.4 million tons of coal during the year, compared with 19.3 million tons a year earlier. The average sales price was $44.20 per ton, compared with $44.97 the previous year.