CNX Coal Resources LP Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Production Results for the Fourth Quarter Ended December 31, 2015; Provides Sales Guidance for the Year 2016
For the quarter, coal production was 0.9 million tons compared to 1.3 million tons a year ago. Coal sales were 1.0 million tons compared to 1.3 million tons a year ago.
For full year, total revenue and other income was $261,609,000 against $334,479,000 a year ago. Net income was $50,663,000 against $83,899,000 a year ago. Net income attributable to general and limited partner was $23,356,000. Net Income per limited partner unit basic and diluted was $0.99. Net cash provided by operating activities was $60,795,000 against $114,109,000 a year ago. Capital expenditures were $27,257,000 against $68,061,000 a year ago.
For the year 2016, the company expects coal sales of 4.4 million tons to 5.2 million tons, adjusted EBITDA of $57 million to $67 million, maintenance capital expenditures of $24.5 million to $27.5 million.