Foresight Energy LP Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2018; Reaffirms Earnings Guidance for the Year 2018; Reports Impairment Charges for the Second Quarter Ended June 30, 2018
For the six months, the company reported, total revenues of $512.148 million, operating income was $21.917million, net loss was $50.791 million, net loss available to limited partner units - basic and diluted- common unit holders was $23.879 million or $0.30 per share, Net cash provided by operating activities was $82.288 million, investment in property, plant, equipment and development was $32.228 million. Adjusted EBITDA was $169.136 million.
For the quarter, the company reported tons produced of 5,419,000 against 5,660,000 a year ago.
For the six months, the company reported tons produced of 11,086,000 against 10,927,000 a year ago.
For the year 2018, the company expects adjusted EBITDA based on the projected sales volumes and operating cost structure, Foresight currently expects to generate Adjusted EBITDA in a range of $300 million to $330 million. Capital Expenditures total 2018 capital expenditures are estimated to be between $70 million and $80 million.
For the quarter, the company announced long-lived asset impairments was 110.689 million.