Rhino Resource Partners LP Reports Unaudited Consolidated Production and Earnings Results for the First Quarter Ended March 31, 2018
Rhino Resource Partners LP reported unaudited consolidated production and earnings results for the first quarter ended March 31, 2018. For the quarter, total revenues were $54,800,000 against $51,544,000 a year ago. Loss from operations was $943,000 against $800,000 a year ago. Loss before income taxes from continuing operations was $2,821,000 against $1,959,000 a year ago. Net loss from continuing operations was $2,821,000 against $1,959,000 a year ago. Net loss was $2,821,000 against $2,029,000 a year ago. Net loss per common unit, basic and diluted was $0.22 against $0.22 a year ago. Net loss per common unit from continuing operations, basic and diluted was $0.22 against $0.22 a year ago. EBITDA from continuing operations was $4.5 million against $4.7 million a year ago. Adjusted EBITDA was $4.5 million against $4.8 million a year ago. Maintenance capital expenditures for the first quarter were approximately $3.4 million. Expansion capital expenditures for the first quarter were approximately $5.8 million. Net cash provided by operating activities was $8.4 million against $1.3 million a year ago.
For the quarter, the company produced total coal of 407,400 tonnes compared to 331,400 tonnes a year ago.