Form 10-K Foresight Energy LP For: Dec 31

Go back to Form 10-K Foresight Energy LP For: Dec 31

UPDATE: Foresight Energy LP (FELP) Misses Q4 EPS Expectations, Suspends Distribution, Negotiating Out-of-Court Restructuring

March 15, 2016 6:36 AM EDT

(Updated - March 15, 2016 8:10 AM EDT)

Foresight Energy LP (NYSE: FELP) reported Q4 EPS of ($0.44), may not compare to the analyst estimate of $0.05. Revenue for the quarter came in at $241.65 million versus the consensus estimate of $235.5 million.

Update on Debt Defaults

As reported previously, on December 4, 2015, the Delaware Court of Chancery issued a memorandum opinion concluding, among other things, that certain transactions with Murray Energy resulted in a change of control under the 2021 Senior Notes indenture (the Notes) and that an event of default occurred when we failed to offer to purchase the Notes. Currently, we... More