Westmoreland Coal Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of $339,737,000 compared to $355,854,000 a year ago. Operating loss was $11,088,000 compared to operating income of $7,619,000 a year ago. Loss before income taxes was of $37,765,000 compared to $21,026,000 a year ago. Net loss applicable to common shareholders was of $36,801,000 or $1.98 per basic and diluted share compared to net income applicable to common shareholders of $27,407,000 or $1.50 per basic and diluted share a year ago. Adjusted EBITDA was $88,217,000 compared to $63,651,000 a year ago. EBITDA was $38,198,000 against $52,576,000 a year ago. Net cash used in operating activities was $710,000 against net cash provided by operating activities of $20,554,000 a year ago. Additions to property, plant and equipment was $7,210,000 against $5,548,000 a year ago.

The company provided earnings guidance for the full year of 2017. For the year, the company expects to sell coal of 40 million tons to 50 million tons. Adjusted EBITDA is expected to be $280 million to $310 million, free cash flow of $115 million to $140 million and capital expenditure of $40 million to $50 million. The company expects cash interest of approximately of $95 million.