CNX Coal Resources LP revised earnings guidance for the year 2016. The company expects coal sales to 4.4 to 5.2 million tons compared to previous expectations of 5.0 to 5.4 million tons. The reduction in the sales guidance range reflects further weakness in coal markets due to unusually warm winter weather and low natural gas prices impacting coal burn.

The company is working with customers and adjusting delivery schedules to improve operational consistency while helping them manage inventory levels. These adjustments intensified towards the end of December 2015 and are negatively impacting the timing of planned sales. Maintenance capital expenditure is currently expected to be in the $24.5 to $27.5 million range.

The company announced that based on the visibility the company has for the first quarter of 2016, the company believes it is prudent to lower sales outlook for 2016.