trending Market Intelligence /marketintelligence/en/news-insights/trending/sqm8RLBuAeBk6xTUiRLP-A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Westmoreland Resource Partners' losses widen YOY in 2018

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico


Westmoreland Resource Partners' losses widen YOY in 2018

Westmoreland Resource Partners LP on March 18 reported full-year 2018 net loss of $139.2 million, or $6.08 per unit, down from a net loss of $31.8 million, or $1.34 per unit, in 2017.

Westmoreland Resource Partners is the master limited partnership of Westmoreland Coal Co., which emerged from bankruptcy March 15. The partnership owns the Kemmerer mine in Wyoming and remains in Chapter 11. Its assets were not acquired by Westmoreland Mining. The sale of the Kemmerer assets is scheduled to close April 15.

The partnership's operating loss totaled $96.8 million in 2018, against an operating income of $9.8 million a year ago. Revenues amounted to $271.0 million, a decrease from $315.6 million in the previous year.

The partnership reported adjusted EBITDA of $32.7 million, falling from $68.7 million in 2017. Distributable cash flow was a loss of $22.4 million, from an income of $17.3 million a year ago.

Westmoreland Resource Partners sold 6.0 million tons of coal in 2018, dropping from 7.4 million tons in the prior period.