Foresight Energy LP Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Long-Lived Asset Impairments for the Fourth Quarter of 2018; Provides Earnings Guidance for the Year 2019
For the year, total revenues were $1,104,991,000 against $954,538,000 a year ago. Operating income was $84,523,000 against $22,283,000 a year ago. Net loss attributable to limited partner units was $61,613,000 or $0.32 per basic and diluted share against $215,233,000 a year ago.
For the quarter, the company reported long-lived asset impairments of $110,689,000 against $42,667,000 a year ago.
For the quarter, tons produced were 6,061,000 against 4,955,000 a year ago.
For the year, tons produced were 23,313,000 against 21,179,000 a year ago.
For the year 2019, the company is projecting sales volumes to be between 22.0 and 23.0 million tons, with over 7.0 million tons expected to be sold into the international market.