Westmoreland Affirms 2014 Guidance; Updates Third Quarter EBITDA
Westmoreland Coal Company (NasdaqGM:WLB) today affirmed its guidance for full year 2014, which was $172 to $190 million. Westmoreland also updated its guidance for third quarter 2014 EBITDA to a range of $40 to $45 million, compared to its previously issued third quarter guidance of $55 to $60 million.
“We continue to make great progress on the transition of the Canadian business,” said Keith E. Alessi, Westmoreland’s Chief Executive Officer. “The third quarter decrease has been driven by severe weather that temporarily impacted our ROVA power plants and North Dakota operations. The third quarter was also impacted by timing differences between quarters. We are still comfortable reaffirming our full year guidance.”
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the United States. Our coal operations include sub-bituminous and lignite coal mining in the Western United States and Canada. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina.
Contact
Westmoreland Coal Company
Kevin Paprzycki, 855-922-6463