Foresight Energy LP (FELP) Misses Q2 EPS by 9c

Foresight Energy LP (NYSE: FELP) reported Q2 EPS of ($0.12), $0.09 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $207.1 million versus the consensus estimate of $228.4 million.

• Adjusted EBITDA of $84.5 million

Guidance for 2017

Based on Foresight’s contracted position, recent performance, and its current outlook on pricing and the coal markets in general, the Partnership is reaffirming, updating or providing the following guidance for 2017:

Sales Volumes – Based on year-to-date sales volumes, current committed position and expectations for the remainder of 2017, Foresight is reaffirming projected sales volumes to be between 20.5 and 22.0 million tons, with over 5.0 million tons expected to go into the international market. Foresight has current commitments of approximately 20.0 million tons for 2017.

Adjusted EBITDA – Based on the projected sales volumes and operating cost structure, Foresight currently expects to generate Adjusted EBITDA in a range of $285 to $310 million

Capital Expenditures – Total 2017 capital expenditures are estimated to be between $70 and $77 million.

For earnings history and earnings-related data on Foresight Energy LP (FELP) click here.

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