Walter Energy (WLT) Expects Lower Mat Coal Sales in Q3 Amid Stronger Production

Walter Energy(NYSE: WLT) expects met coal production to be 3.3 million metric tons (MMTs) for the third quarter 2012, up 14% percent from 2.9 million MMTs in the second quarter 2012.

Sales Volume and Price

Third quarter 2012 met coal sales volume is expected to be approximately 2.6 MMTs, down from 2.8 MMTs in second quarter 2012. Reflecting current trends in global coal markets, Walter Energy's met coal prices for the third quarter 2012 are expected to average approximately $198 per MT for hard coking coal (includes low-vol, mid-vol and a small proportion of high-vol) as compared with $201 in the second quarter 2012, inclusive of the impact of previously priced carryover tons. The third quarter price for low-vol PCI is expected to be $163 per MT, inclusive of the impact of previously priced carryover tons as compared with $164 per MT in the second quarter 2012.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
• Marti Technologies (MRT) Misses Q2 EPS by 9c ; Offers Guidance
• Target (TGT) Tops Q2 EPS by $1.78, Beats on Revenue; Offers FY27 EPS Guidance