Westmoreland Coal (WLB) Posts Q2 Loss of $2.04/Share
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Westmoreland Reports Second Quarter 2015 Results
July 24, 2015 7:00 AM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Westmoreland Coal Company (NasdaqGM: WLB) today announced results of the second quarter ended June 30, 2015.
Revenues for the quarter were $349.0 million versus $288.0 million in the same quarter in 2014. Adjusted EBITDA for the second quarter of 2015 was $55.3 million, while Adjusted EBITDA for the second quarter of 2014 was $39.6 million. Adjusted EBITDA for this quarter included results of WMLP and the Buckingham operations, which were not present during the second quarter of 2014. Net loss for the quarter was $36.6 million versus $63.4 million in the same quarter in 2014.
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