The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Nov 1, 2018. Its latest SEC filing is a NT 10-K from Apr 1, 2019.
10-Q for Q3 FY2018, filed Nov 1, 2018
The sections below describe the company as of the FY2017 annual report.
Produces and sells thermal coal to electric utilities, with a char production facility and an interest in an activated carbon plant.
10-K for FY2017, filed Apr 2, 2018We produce and sell thermal coal primarily to investment grade utility customers under long-term, cost-protected contracts. Our focus is…View ↗
Today, Westmoreland Coal Company is an energy company employing approximately 2,950 employees. We conduct our operations through our…View ↗
Each of our mining segments focuses on coal markets where we take advantage of customer proximity and strategically located rail…View ↗
Utilities and other coal buyers pay for coal based on contract prices when it is delivered; some contracts also provide cost reimbursements and fixed monthly payments. Customers pay for reclamation and ash hauling as those activities are carried out.
10-K for FY2017, filed Apr 2, 2018The Company generally recognizes revenue from the sale of coal at the time title passes to the customer in accordance with the terms of the…View ↗
We also have separate agreements with the customer for payments related to reclamation activities and ash hauling and disposal. Under these…View ↗
We have separate agreements with the customer for each mine. Payments are based on a fixed-base price per ton delivered for each contract…View ↗
$1.4B
10-K for FY2017, filed Apr 2, 2018
$1.4B ↗
Power utilities buy most of the coal under long-term supply contracts, while some Ohio mines also sell to industrial buyers and other customers under spot or short-term contracts. Coal Valley serves export customers, generally Asian power utilities.
10-K for FY2017, filed Apr 2, 2018Each of our mining segments focuses on coal markets where we take advantage of customer proximity and strategically located rail…View ↗
In addition to these agreements, the Ohio operations provide coal to various other customers under spot or short-term contracts generally…View ↗
The Kemmerer mine also supplies various industrial customers including Genesis Alkali (formerly Tronox Alkali - Green River and Grainger)…View ↗
The Coal Valley mine produces coal for export customers, and has contracts with railway and port entities for delivery. The coal is railed…View ↗
Not on paper. It lost $71.3M in FY2017, but brought in more cash than it spent: $79.1M of free cash flow.
10-K for FY2017, filed Apr 2, 2018
10-K for FY2017, filed Apr 2, 2018
$39.2MView ↗
10-K for FY2017, filed Apr 2, 2018
−$71.3MView ↗
10-K for FY2017, filed Apr 2, 2018
$79.1MView ↗
10-Q for Q3 FY2018, filed Nov 2, 2018
−$41.5MView ↗
8-K, filed Mar 15, 2019
On March 15, 2019 (the “Plan Effective Date”), the WLB Debtors satisfied the conditions to effectiveness set forth in the Confirmation…View ↗
8-K, filed Mar 4, 2019
As previously disclosed, on October 9, 2018, Westmoreland Coal Company (“Westmoreland” or the “Company”) and certain of its subsidiaries…View ↗
8-K, filed Oct 9, 2018
On October 9, 2018 (the “Petition Date”), Westmoreland Coal Company (the “Company”) and certain of its subsidiaries, including Westmoreland…View ↗
Grew. Revenue grew 2.1x in 4 years, from $674.7M in FY2013 to $1.4B in FY2017, about 20% a year.
Power generation sold
The older report included two coal-fired power generation units; the latest report says the company sold the power segment's assets and ended the related power agreements.
10-K for FY2014, filed Mar 6, 2015 10-K for FY2017, filed Apr 2, 2018
Industrial and briquette customers
The older report described coal sales to industrial customers and barbeque briquette manufacturers alongside utility sales; the latest report describes thermal coal sales primarily to utility customers.
10-K for FY2014, filed Mar 6, 2015 10-K for FY2017, filed Apr 2, 2018We produce and sell thermal coal primarily to investment grade utility customers under long-term cost-protected contracts, as well as to…View ↗
We produce and sell thermal coal primarily to investment grade utility customers under long-term, cost-protected contracts. Our focus is…View ↗
Competes with Alliance Resource Partners, Alpha Natural Resources, CONSOL Energy, Foresight Energy, Hallador Energy, Murray Energy, Peabody Energy, and Rhino Resource Partners
10-K for FY2017, filed Apr 2, 2018The Coal - WMLP segment’s Ohio operations do not compete with producers of metallurgical coal or lignite. However, we do have limited…View ↗
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