Last $3.23 USD
Change Today -0.015 / -0.46%
Volume 1.1M
WLT On Other Exchanges
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As of 12:32 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

walter energy inc (WLT) Snapshot

Open
$3.25
Previous Close
$3.24
Day High
$3.30
Day Low
$3.05
52 Week High
12/30/13 - $17.42
52 Week Low
10/13/14 - $1.47
Market Cap
219.6M
Average Volume 10 Days
3.4M
EPS TTM
$-5.74
Shares Outstanding
68.1M
EX-Date
11/6/14
P/E TM
--
Dividend
$0.04
Dividend Yield
1.27%
Current Stock Chart for WALTER ENERGY INC (WLT)

walter energy inc (WLT) Related Businessweek News

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walter energy inc (WLT) Details

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry. The company operates through U.S. Operations, and Canadian and U.K. Operations segments. It also extracts, processes, markets, and/or possesses mineral reserves of thermal coal and anthracite coal, as well as produces metallurgical coke and coal bed methane gas. As of December 31, 2013, the company had approximately 386.3 million metric tons of recoverable reserves worldwide. It sells its metallurgical coal in Europe, Asia, and South America; and thermal coal primarily to large utilities and industrial customers located principally in Alabama, West Virginia, and the United Kingdom. The company was formerly known as Walter Industries, Inc. and changed its name to Walter Energy, Inc. in April 2009. Walter Energy, Inc. was founded in 1946 and is headquartered in Birmingham, Alabama.

3,600 Employees
Last Reported Date: 02/26/14
Founded in 1946

walter energy inc (WLT) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $816.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $447.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $412.1K
Chief Commercial Officer and Senior Vice Pres...
Total Annual Compensation: $396.2K
Compensation as of Fiscal Year 2013.

walter energy inc (WLT) Key Developments

Walter Seeks Acquisitions

Walter Energy, Inc. (NYSE:WLT) is seeking acquisitions. Walter has filed a shelf registration in the amount of $2,500 million. Walter intends to use net proceeds from sale of securities for general corporate purposes may include repayment of debt, additions to working capital, capital expenditures, investments in our subsidiaries, possible acquisitions and the repurchase, redemption or retirement of securities.

Walter Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Production Results for the Third Quarter Ended September 30, 2014; Provides Earnings and Production Guidance for the Year 2014

Walter Energy, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014 and production results for the third quarter ended September 30, 2014. For the quarter, the company reported sales of $319,542,000 against $445,937,000 a year ago. Revenues were $329,546,000 against $455,796,000 a year ago, revenues were lower by $126 million, primarily as a result of a 17% reduction in met coal selling price and reduced sales tons as a result of idling the Canadian mining operations. Operating loss was $54,833,000 against $59,081,000 a year ago. Loss before income tax benefit was $129,246,000 against $117,724,000 a year ago. Net loss was $98,902,000 or $1.48 basic and diluted per share against $100,724,000 or $1.61 basic and diluted per share a year ago. Capital expenditures totaled $26,257,000, compared with $28,484,000 a year ago. Adjusted EBITDA was $168,000 against $21,318,000 a year ago. Adjusted net loss was $105,770,000 or $1.58 diluted per share against $102,289,000 or $1.63 diluted per share a year ago. Earnings before interest, income taxes, and depreciation and depletion (EBITDA) were $8,398,000 against $23,624,000 a year ago. Cash flows provided by operations for the quarter was $7 million - $18 million. The company generated $60 million of free cash flow. For the nine months, the company reported sales of $1,102,753,000 against $1,373,344,000 a year ago. Revenues were $1,121,782,000 against $1,388,635,000 a year ago. Operating loss was $201,334,000 against $153,254,000 a year ago. Loss before income tax benefit was $417,851,000 against $317,459,000 a year ago. Net loss was $342,471,000 or $5.27 basic and diluted per share against $184,660,000 or $2.95 basic and diluted per share a year ago. Capital expenditures were $69,733,000 against $108,735,000 a year ago. Adjusted EBITDA was $37,992,000 against $90,012,000 a year ago. Cash flows used in operating activities was $20,786,000 against $44,026,000 a year ago. Adjusted net loss was $312,221,000 or $4.80 diluted per share against $173,631,000 or $2.78 diluted per share a year ago. Earnings before interest, income taxes, and depreciation and depletion (EBITDA) were $4,867,000 against $72,351,000 a year ago. For the quarter, the company reported total metallurgical production metric tons of 1,956,000 metric tons against 2,773,000 metric tons a year ago. Average cash cost of production per ton was $66.90 against $77.56 a year ago. Total thermal production metric tons of 165,000 metric tons against 649,000 metric tons a year ago. Average cash cost of production per ton was $65.94 against $36.61 a year ago. The company provided capital expenditure guidance and production guidance for the full year of 2014. The company has reduced its capital spending target to approximately $110 million from $120 million. The company expects depreciation and depletion to run about $260 million annually. Given the reduced production, it now expects depreciation and depletion to run about $260 million annually. Respectively, given recent financing activities, annual interest expense is expected to be roughly $310 million, of which $265 million is cash. The company expects full-year 2014 met coal production of approximately 9.5 MMTs, within the range previously provided by the company. Cash cost of sales per ton for the company's Alabama underground mines is expected to average approximately $96 per MT for the full year, down from the company's previous target of approximately $100 per MT. Met coal sales volumes are expected to total approximately 10.0 MMTs, within the previously provided range.

Walter Energy Declares Regular Quarterly Dividend, Payable on December 5, 2014

Walter Energy, Inc. announced that its Board of Directors has declared a regular quarterly dividend of $0.01 per common share payable on December 5, 2014, to shareholders of record as of the close of business on November 10, 2014.

 

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