Westmoreland Coal Company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company has posted revenues of $363,796,000 against $392,737,000 a year ago. Operating income was $57,112,000 against $22,641,000 a year ago. Income before income taxes was $29,505,000 against loss of $6,176,000 a year ago. Net income applicable to common shareholders was $35,069,000 or $1.87 basic and diluted per share against loss was $7,551,000 or $0.41 basic and diluted per share a year ago. EBITDA was $75,786,000 against $105,265,000 a year ago. Adjusted EBITDA was $85,963,000 against $89,115,000 a year ago. Cash flow provided by operating activities of $93.0 million. Cash paid for property, plant and equipment was $9,651,000 against $15,513,000 reported last year.

For the full year, the company has posted revenues of $1,384,568,000 against $1,477,960,000 a year ago. Operating income was $39,212,000 against $38,130,000 a year ago. Loss before income taxes was $79,025,000 against $76,931,000 a year ago. Net income applicable to common shareholders was $71,340,000 or $3.82 basic and diluted per share against $27,101,000 or $1.47 basic and diluted per share a year ago. Net cash provided by operating activities was $114,163,000 against $151,934,000 a year ago. Additions to property, plant and equipment was $35,016,000 against $46,132,000 a year ago. EBITDA was $200,827,000 against $262,333,000 a year ago. Adjusted EBITDA was $268,332,000 against $271,855,000 a year ago. Net debt as of December 31, 2017 was $972.7 million.

For the quarter, loss on impairment were $5,872,000.