Walter Energy (WLT) Closes on Lows; Target Cut to $6 at CLSA
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Walter Energy (WLT) Sinks on Liquidity Worries; Nomura Views Dividend Cut Positively
July 24, 2013 10:50 AM EDTShares of Walter Energy (NYSE: WLT) are getting pummeled early Wednesday as some on the Street voice liquidity concerns after the company cut its dividend to meet covenant terms of its revised credit agreement for Term Loans A & B. Others view the cut as... More
Walter Energy (WLT) Updates on Q2 Production, Operations
July 23, 2013 5:08 PM EDTWalter Energy, Inc. (NYSE: WLT) provided preliminary operating results for the second quarter 2013.
"We significantly reduced costs in the second quarter led by strong performance from our Alabama premium hard coking coal mines," said Walt Scheller, Chief Executive Officer. "I am pleased with our operational progress, however our financial results for the quarter still reflect the significant ongoing weakness in the global met coal market. While the short-term outlook... More
Walter Energy (WLT) Gets More Financially Flexible with Amended Facility; Trims Dividend
July 23, 2013 4:58 PM EDTWalter Energy, Inc. (NYSE: WLT) announced its credit facility has been amended to improve the Company's financial flexibility. Additional details regarding the amendment are available in an 8-K filing on the Company's website at www.walterenergy.com.
The Company also... More
