Rhino Resource Partners LP Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2016; Reports Loss on Asset Impairment for the Fourth Quarter Ended December 31, 2016
For the year, the company reported total revenues of $170,780,000 compared to $195,032,000 a year ago. Loss from operations was $6,822,000 compared to $58,719,000 a year ago. Net loss before income taxes from continuing operations was $12,050,000 compared to $63,329,000 a year ago. Net loss from continuing operations was $12,050,000 or $1.54 per diluted unit compared to $63,329,000 or $21.32 per diluted unit a year ago. Net loss was $130,763,000 or $16.75 per diluted unit compared to $55,244,000 or $18.60 per diluted unit a year ago. Adjusted EBITDA was $21.3 million compared to $15 million a year ago. EBITDA from continuing operations was $18.5 million compared to LBITDA of $26.7 million a year ago. Net cash provided by operating activities was $12.1 million compared to $14.2 million a year ago.
For the quarter, the company produced total coal of 0.888 tonnes compared to 0.648 tonnes a year ago.
For the year, the company produced total coal of 3.342 tonnes compared to 3.411 tonnes a year ago.
For the fourth quarter, the company reported loss on asset impairment of $639,000 compared to $27,053,000 a year ago.